association of financial advisers

ASSOCIATION OF FINANCIAL ADVISERS

Policy & Regulation

Trust ‘absolutely critical’ to future of financial advice: AFA

Debate over the Government’s FOFA amendments has distracted Australians from focusing on the real purpose of financial advice, the AFA believes....

Editorial

Industry leadership on education standards

The major institutions are right to take the lead on lifting educational standards in the financial planning space....

Editorial

Separation the only answer

While ASIC continues to press for more powers with respect to bank management staff and product design, Mike Taylor writes that the real answer lies in successfully separ...

Editorial

Ground hog day

Mike Taylor writes that Financial Services Council chief executive, John Brogden used his last annual conference address to point to how little the big issues have change...

Financial planning

Tough ASIC report on churn expected

Life/risk advisers are bracing themselves for ASIC to issue a tough analysis of churn and lapse rates....

People & Products

Fuchs appointed as AFA CCO

Anne Fuchs has moved to the newly-created role of Chief Commercial Officer within the AFA....

Advisers need to focus clients on estate planning

Financial advisers are being urged to educate their clients about the importance of estate planning....

Financial planning

AFA sets out minimum professional practice and ethical standards

AFA members will have to abide by six new principles of professionalism, which are set to form a critical part of the AFA’s revised Code of Conduct....

Policy & Regulation

Central register could restore trust in advice: AFA

A central register of advisers could help weed out rogue operators in the financial advice space and rebuild trust in the profession, the Association of Financial Adviser...

Policy & Regulation

Key accommodations ensure FOFA changes

A letter written by Senator Mathias Cormann to Clive Palmer confirms the concessions that were necessary to ensure passage of the regulations changing FOFA....

Policy & Regulation

AFA thankful FOFA reforms will stand

The Association of Financial Advisers has thanked the Palmer United Party “for its proactive action” in voting down a move to disallow the Government’s FOFA reforms....

Policy & Regulation

Treasury disowns key FOFA research

Senior Treasury officials deny the Treasury has endorsed ISA-sponsored Rice Warner research on FOFA implications....

Policy & Regulation

FOFA regulatory changes facing disallowance

The Senate could disallow the Government’s FOFA changes as early as Monday unless cross-bench and PUP senators can be persuaded otherwise....

Editorial

Separation needed between product sales and advice

As scathing as the Senate Committee’s report into ASIC’s handling of the Commonwealth Financial Planning enforceable undertaking may have been, the answer does not lie in...

Financial planning

Commbank promises detailed response

Commonwealth Bank chief executive, Ian Narev has promised a detailed response to last week’s scathing Senate Committee report as Financial Services Minsiter, Senator Math...