best interests

Superannuation

ASFA chairman calls on industry to get its house in order or risk having it done by outside forces....

Policy & Regulation

Efforts to improve the standards of the financial planning sector are driving the cost of advice beyond the reach of average Australians, William Buck reports. ...

Financial planning

van Eyk administrator recommends liquidation

van Eyk’s administrator has recommended winding up the research house, ahead of a meeting tomorrow to determine the company’s fate. ...

Superannuation

MySuper places insurance at risk

MySuper should be made ‘opt-in’ because it places insurance cover at risk, says CSSA....

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....

Financial planning

Conflicts of interests should be clear as mud

Financial services licensees should make it a point to highlight their conflicts of interests with life insurance companies to clients....

Financial planning

Synchron heartened by FSI vertical integration scrutiny

The FSI’s call for clarity on potential vertical integration conflicts could see moves towards parent-company transparency in the aligned advice space, Synchron director ...

Policy & Regulation

Wait and see on disallowing FOFA regulatons

While media reports are suggesting Senate disallowance of the FOFA regulatory changes is a fait accompli, Cormann says wait and see....

Financial planning

Independent AFSLs to rise from the ashes

Advisers who left independently-owned licensees in tougher financial times are expected flock back in the name of “unbiased” advice. ...

Policy & Regulation

Time to end the scare-mongering says FSC

The FSC says the Government’s FOFA changes announcement means its time to end the scare-mongering. ...

Policy & Regulation

Cormann’s FOFA reforms plan gets mixed reaction

Industry lobbyists are giving the Federal Government’s decision to plough ahead with the implementation of some elements of the Future of Financial Advice reforms a mixed...

Policy & Regulation

Senate Committee gives thumbs up for FOFA amendments

Senate Committee recommends FOFA amendments be passed but Greens and Labor Senators object to all the suggested changes....

Policy & Regulation

Key FOFA report due today

Cormann says Senate Committee report will influence the shape of the Government’s ultimate FOFA changes....

Policy & Regulation

Cormann outs FOFA amendment critics

Finance Minister, Senator Mathias Cormann claims critics of the Government’s FOFA changes have fallen short on offering viable alternatives....

Policy & Regulation

Let FOFA reforms bed-in: ISA

Industry Super Australia (ISA) has reiterated its view that Future of Financial Advise (FOFA) reforms should be given time to deliver benefits to consumers before new cha...