association of financial advisers

ASSOCIATION OF FINANCIAL ADVISERS

Financial planning

How the Government proposes to approach yearly opt-in and fee arrangements is expected to be made clearer in the next week or so and financial adviser groups are bracing ...

Policy & Regulation

Govt pressured to exclude SMSFs from DDO regime

Self-Managed Superannuation Funds should be exempted from the Government’s new design and distribution regime because they are not like other financial products, accordin...

Policy & Regulation

Make annual opt-in flexible, workable says AFA

Advisers and their clients should retain control of opt-in arrangements and there should be flexibility for low fee-paying clients with less frequent interactions, accord...

Financial planning

Release of grandfathering submissions reveals positioning

Submissions directed to Treasury around the end of grandfathering revealed little significant resistance but genuine concern around how client rebates should work....

Financial planning

Did ASIC cover for FASEA code shortcomings?

Industry submissions to the Financial Adviser Standards and Ethics Authority were calling for a 12-month adviser code exemption just a week before the Australian Securiti...

Financial planning

FASEA board accused of shunning industry

Questions are being asked about why the board of the Financial Adviser Standards and Ethics Authority has avoided direct engagement with key industry groups for more than...

Financial planning

Fix the code or delay implementation says AFA

With financial planning groups meeting with the Financial Adviser Standards and Ethics Authority today, the Association of Financial Advisers has sent a message that issu...

Financial planning

AFA accuses FASEA of going beyond its remit on code

The Association of Financial Advisers has accused the Financial Adviser Standards and Ethics of Authority of using its code of ethics approach to ‘create its own laws, wa...

Financial planning

Banks urged to show leniency on grandfathering loans

The Association of Financial Advisers has urged banks who loaned money to advisers to buy books of clients to show leniency....

Financial planning

Is ASIC best interests project driving up advice costs?

A little talked about Australian Securities and Investments Commission project around the adviser best interests duty has been identified as substantially increasing red ...

Financial planning

Exempt mortgage-related life insurance says AFA

Advised life insurance taken out as a safeguard for clients who take out home mortgages should be specifically exempted from the Government’s tough new rules around the s...

Financial planning

Grandfathering removal a policy 'black hole' says AFA

The Association of Financial Advisers has called for the release of key consultation submissions and for greater clarity around the detail of the Government’s legislation...

Financial planning

Labor Parliamentarians sympathetic on FASEA extension

Lobbying by financial advisers has revealed that at least some Federal Labor parliamentarians are sympathetic to allowing passage of the legislation necessary to deliver ...

Financial planning

The Royal Commission should not go unchallenged – AFA

The findings and recommendations of the Royal Commission cannot be left to go unchallenged in circumstances where the outcome was far from perfect and, in some circumstan...