financial advice

Policy & Regulation

FOFA reforms failing consumers and industry

Most financial planners believe they will have to increase the fees they charge clients as a result of the Future of Financial Advice (FOFA) reforms, a new survey reveals...

Financial planning

ISA makes final call for FSI wishlist

ISA has fired a last shot across the bows of retail financial advice before the release of the FSI report calling for the “conflict-ridden, vertically integrated business...

Financial planning

Fired up ASIC chairman lashes planners

ASIC chairman, Greg Medcraft admits he's fired up and heartbroken over bad financial planners. ...

Policy & Regulation

Cormann points to more FOFA refinements

Minister for Finance, Senator Mathias Cormann, declares the Government is still working to agree more “non-contentious” FOFA refinements....

Financial planning

AFA hits back at ‘inaccurate’ education claims

The AFA has sought to correct a daily newspaper article which claims advisers can obtain a Fellow Chartered Financial Practitioner (FChFP) designation without completing ...

Policy & Regulation

Palmer calls for FOFA to revisit super

Clive Palmer believes Future of Financial Advice (FOFA) laws have overlooked superannuation funds, expressing fears that the protection of industry super fund members cou...

Policy & Regulation

Adviser starts campaign to seek apology from Lambie

A Perth based financial planner has begun a campaign to seek an apology from independent senator Jackie Lambie after she labelled financial advisers as ‘unscrupulous’....

Editorial

Building prosperity with grey expectations

With the demographic certainty of an ageing population, financial advice will play a critical role in enhancing retirement incomes and reducing the strain on the public p...

Financial planning

Accept FOFA as it stands, for now

The major financial planning groups and companies are continuing to lobby for FOFA changes, but planners are being urged to accept the law as it currently stands....

Financial planning

Labor wants planners to take ‘financial services oath’

Financial planners are being urged to take a ‘financial services oath’ to uphold integrity in the profession, by the Australian Labor Party....

Policy & Regulation

FOFA horse trading deterring consumers at their cost

The back and forth nature of the Future of Financial Advice (FOFA) amendments are likely to cause consumers to put off seeking financial planning advice costing them abou...

Financial planning

Grandfathering changes garner industry support

Industry organisations have applauded parliament’s restoration of the grandfathering provision in the latest round of the FOFA reforms, claiming it overturned a rule that...

Policy & Regulation

Govt and Labor agree on specific FOFA changes

Labor will support Govt FOFA changes on grandfathering and other key elements....