financial advice

Editorial

Repurposing the sole purpose test post-FOFA

The sole purpose test has governed the operations of Australian superannuation funds for nearly two decades but, as Mike Taylor reports, it may require some reinterpretat...

Policy & Regulation

FOFA could increase financial planning practice sales further

There has been unprecedented activity over the past 12 to 18 months in terms of financial planning practice sales, and it is possible the clarity provided by the latest F...

Policy & Regulation

FOFA could increase financial planning practice sales further

There has been unprecedented activity over the past 12 to 18 months in terms of financial planning practice sales, and it is possible the clarity provided by the latest F...

Editorial

Superannuation bungle reveals Gillard’s hand

Prime Minister Julia Gillard recently revealed the degree to which the Government viewed the Industry Super Network as not only a close political ally but also a key sour...

Editorial

Why Govt's industry superannuation fund favouritism may backfire

History suggests the advantages flowing to industry superannuation funds from the Government’s Future of Financial Advice changes may ultimately prove to be a political l...

Superannuation

Tax changes must encourage retirement savings: FPA

The Government should amend the tax system to help Australians build their retirement savings, Financial Planning Association (FPA) chief executive Mark Rantall has said ...

Financial planning

Perpetual focused on HNW financial advice; growth

Outsourcing platform administration to Macquarie will help Perpetual to increase its focus on high net worth clients and increase its scale and capabilities, according to...

Financial planning

Perpetual focused on HNW financial advice; growth

Outsourcing platform administration to Macquarie will help Perpetual to increase its focus on high net worth clients and increase its scale and capabilities, according to...

Financial planning

Online financial advice needs specific guidelines

The Australian Securities and Investments Commission (ASIC) believes the liability for scaled online financial advice should fall on a financial planner, but a lack of sp...

Financial planning

Cost a catalyst to low financial planning uptake

Financial planning fees are the most commonly mentioned barrier to consumers taking up financial advice, according to CoreData's latest mystery shopping exercise conducte...

Financial planning

Elixir launches financial planning pricing research

Elixir Consulting has launched a follow-up survey to its Adviser Pricing Models Research which looks at obstacles and methods used by financial planners in creating a fee...

Superannuation

Bendigo enters retail superannuation market

Bendigo Wealth is targeting fee-for-service independent financial advisers (IFAs) with the launch of a low-cost, 'true-to-label' superannuation product called SmartStart ...

Policy & Regulation

FOFA and its dates need amendment: AFA

Detail is still missing from recently announced draft Future of Financial Advice reforms, and the 2012 implementation dates for some changes are too soon for industry par...

Policy & Regulation

ISN offers help to Govt on fine detail of FOFA

The Industry Super Network has welcomed the second tranche of FOFA and offered help to Govt on developing the fine detail....

Policy & Regulation

Financial Ombudsman Service on its own after FOFA introduction

When the "best interests" duties contained in the Future of Financial Advice (FOFA) reforms become law, the lack of a legal precedent will see the Financial Ombudsman Ser...