financial advice

Policy & Regulation

FOFA likely to drive accountants closer to financial planners

Restoring accountants' licensing exemption is a positive development that will drive accountants and financial planners closer together, according to Patron Financial Adv...

Financial planning

Financial planners rebuff ambulance chasers

Financial advisers have reacted angrily to continuing attacks on the industry by compensation lawyers who blame financial planners for negative market performance and enc...

Editorial

Trust the price the Government will pay for FOFA

Something became very clear when Money Management recently conducted a roundtable focusing on the Future of Financial Advice (FOFA) legislation tabled in the Parliament e...

Editorial

FOFA - Shorten's bitter harvest

While many in the financial planning industry support the broad, original thrust of the Future of Financial Advice changes, Mike Taylor writes that the manner of their in...

Financial planning

Platform providers factor in Labor loss

The expectation of a change in Government and consequent changes to the Future of Financial Advice (FOFA) legislation has created serious uncertainty and prompted at leas...

Superannuation

Opposition not at war with Industry Super Network

The Opposition is not trying to wage a war against industry superannuation funds, but the FOFA bill has to be fair across the entire industry, said Shadow Minister for Fi...

Financial planning

Regulatory changes unlikely to stop deliberate fraud

Key regulators have admitted that deliberate financial services fraud is hard to stop with or without regulatory changes....

Policy & Regulation

FOFA an industry own goal

The financial planning industry needs to remove all perceived conflicts of interest before it can be seen as a trusted profession, according to chartered accountant and f...

Financial planning

ASIC outlines details of financial advice education regime

Australian Securities and Investments Commission (ASIC) chairman Greg Medcraft has outlined the regulator's proposed measures to improve the "competency and quality of ad...

Financial planning

Need for fee transparency on scaled advice

ASIC has agreed on the need for transparency around fee arrangements on scaled advice....

Financial planning

AFA unveils new grassroots campaign

The Association of Financial Advisers (AFA) has unveiled a new advertising campaign to promote the value of financial advice and the need for everyday Australians to form...

Superannuation

SPAA and Russell again surveying trustees

SPAA and Russell want to know what SMSF trustees think are the big issues....

Financial planning

ISN brands financial advice industry '90 per cent sales'

The ISN has used an ASIC report that found around 90 per cent of income of the top 20 licensees is paid by product providers to reiterate calls for key elements of the FO...

Financial planning

Whiteley refuses detail on cost of ISN advertising

ISN chief executive David Whiteley declines to tell the AFA conference what industry fund advertising is actually costing....

Superannuation

Govt 'protecting' industry super funds on financial advice

Assistant Treasurer Bill Shorten has been accused of protecting industry superannuation funds and handing them an edge in the provision of financial advice....