financial advice

Policy & Regulation

Material differences between FOFA policy and delivery

ASFA has pointed to "material differences" between what the Government has promised on FOFA and what is contained in its draft legislation....

Financial planning

Retrospective fee disclosure no surprise, says CHOICE

CHOICE chair Jenni Mack has dismissed claims by the Opposition that the imposition of an annual fee disclosure statement came as a complete surprise to the industry....

Financial planning

FOFA to drive online technology demand, says Provisio

Provisio has forecast that the demand for online financial advice technologies is set to surge as the industry grapples with ways to lower the cost of delivering advice i...

Superannuation

ASFA wants longer implementation on MySuper

ASFA is arguing that superannuation funds need more time to accommodate the changes flowing from MySuper....

Financial planning

Make financial advice deductible in May Budget, say accountants

The Institute of Chartered Accountants has urged the Government to move on the deductibility of financial advice in the May Budget....

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....

Policy & Regulation

Quality financial advice will need to trump quantity after FOFA

The servicing of A and B clients will dominate and financial planners will be kidding themselves if they believe they can adequately service unduly large client books in ...

Financial planning

Is FOFA the next step in the evolution of financial advice?

Bryan Ashenden tries to find a resemblance between the changes FOFA will bring to the financial advice industry and Charles Darwin’s Theory of Evolution....

Editorial

Savvy consumers to transform financial services

2012 will be the year of the savvy consumer - and the financial services industry is preparing for this new trend, writes Jim Minto....

Policy & Regulation

Get FOFA started in 2012: ASFA

ASFA does not support further delays to the implementation of the FOFA reforms while a regulatory impact study is completed....

Financial planning

Financial advice amendments sought for MySuper

The Corporate Superannuation Specialists Association has cited research backing its concerns around the provision of financial advice in MySuper funds....

Policy & Regulation

Intra-fund advice no panacea in FOFA fallout

The Financial Services Council has warned the PJC that FOFA will fail in its core objective - making financial advice more affordable....

Policy & Regulation

FPA laments confusing FOFA process

The FPA has expressed concern at the FOFA process and how certain decisions such as those imposing fee disclosure and opt-in were made....

Policy & Regulation

FOFA amendments needed on scaled advice

Amendments are needed to the Government's Future of Financial Advice (FOFA) legislation to enable financial advisers to appropriately deliver scaled advice, according to ...

Policy & Regulation

Mathias Cormann urges FOFA delay

The Federal Opposition urges financial services stakeholders to fully reveal FOFA flaws to this week's PJC hearings while, at the same time, calling for a substantial del...