AFA

Policy & Regulation

Financial planning industry vigilant on FOFA bill timing

The financial planning industry is remaining vigilant despite Government assurances on FOFA bills' debate timing....

Policy & Regulation

FOFA to trigger 35,000 job losses, says Richard Klipin

As many as 35,000 people in the financial advice industry will lose their jobs if the proposed FOFA reforms go ahead without amendment, according to the Association of Fi...

Financial planning

ASIC warned to stay independent

ASIC has been placed on notice to adopt a more independent stance in the wake of the regulator having presented a Parliamentary Joint Committee (PJC) with preliminary dat...

Financial planning

ASIC warned to stay independent

ASIC has been placed on notice to adopt a more independent stance in the wake of the regulator having presented a Parliamentary Joint Committee (PJC) with preliminary dat...

Editorial

FOFA raising questions of trust

Mike Taylor reports that a number of submissions filed with the Parliamentary Joint Committee reviewing the FOFA bills have revealed a serious disconnect between what the...

Policy & Regulation

Embrace PJC's FOFA evidence, says AFA

The Association of Financial Advisers (AFA) believes the weight of evidence presented to the PJC is enough to get FOFA back on track....

Financial planning

ASIC shadow shop results highly preliminary

ASIC has released highly preliminary figures from its financial planning shadow shop exercise at the Parliamentary Joint Committee (PJC) hearing, having given only 24 hou...

Financial planning

ASIC shadow shop results highly preliminary

ASIC has released highly preliminary figures from its financial planning shadow shop exercise at the Parliamentary Joint Committee (PJC) hearing, having given only 24 hou...

Policy & Regulation

Legal test looms if FOFA unchanged

The underlying legality of the Government's Future of Financial Advice (FOFA) changes will almost certainly be tested in the event the legislation passes the Parliament w...

Policy & Regulation

FOFA will 'decimate' industry, warns AFA

The Association of Financial Advisers has warned that consumers are the missing ingredient in FOFA legislation which risks decimating the financial planning industry....

Financial planning

Securitor joins AFA

Securitor, one of BT Financial Group's major dealer groups with 450 advisers, has joined the Association of Financial Advisers....

Financial planning

Intra-fund changes fall short of level playing field

Changes to the delivery of intra-fund financial advice preclude recommendations to consolidate superannuation accounts or move from one fund to another, but still fall sh...

Editorial

Australia's financial planners set to pay a heavy price for euro crisis

The political clock is ticking and, as Mike Taylor writes, global economic reality may overtake the Government’s policy agenda before it can deliver proof of a Budget sur...

Policy & Regulation

Change of speaker changes odds on FOFA

The change of speaker in the House of Representatives has made it more likely FOFA will pass with little amendment....

Policy & Regulation

FOFA tranche contains unintended consequences

The Financial Services Council (FSC) warns FOFA tranche may restrict the ability of financial services companies to provide scalable financial advice....