Claims that the Government should tighten its legislation regulating the financial advice industry have been dismissed as “insultingly stupid”, by the Federal Treasurer, ...
Victims of the Trio Capital collapse are still waiting for compensation for the fraud, despite an election pledge by the Coalition Government. ...
A new statutory body should control education and professional standards according to FSC, however it may sideline professional associations seeking self-regulation....
Professional associations should take over setting CPD standards if adviser standards are to improve, SPAA argued. ...
The relationship between licensees, advisers and platforms has been stretched by FOFA leading to planners departing mid-tier financial groups....
Eighty per cent of Australians are not receiving financial advice because of the failure of traditional advice models, according to Provisio Technology (Provisio)....
The concerns expressed by FOS on the renaming of “general advice” overlook the importance of creating a clear separation between advice and product sales....
Conflicted remuneration bans have monumentally changed the way advisers make their money, with the commission model replaced by a move to fixed fees, according to the cor...
Debate over the Government’s FOFA amendments has distracted Australians from focusing on the real purpose of financial advice, the AFA believes....
Ray White’s move into financial advice has sparked concerns that real estate’s commission-heavy structure could be at odds with the planning arena’s aspired professional ...
More Australian millennials trust financial service providers than those around the world, but few have seen retirement products targeted at them, an international study ...
Accountants are more qualified to give financial advice than planners, largely due to their working knowledge of SMSFs, a small business owner believes....
Superannuation fund claims vertical integration is stifling competition and the Government’s changes to FOFA have not helped....
ASIC’s proposal to include financial literacy in the education system is a good one but financial literacy has to start at home from the parents, a personal loan speciali...
Integration between advice and mortgage broking has reintroduced conflicted remuneration banned under FOFA with the move labelled a ‘deliberate’ exploitation of a legisla...
So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...
This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...
So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...