FINANCIAL ADVICE

Financial planning

ASIC wants the financial services sector to take the lead in developing standards for the issuance of complex products....

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Policy & Regulation

The Senate could disallow the Government’s FOFA changes as early as Monday unless cross-bench and PUP senators can be persuaded otherwise....

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Editorial

As scathing as the Senate Committee’s report into ASIC’s handling of the Commonwealth Financial Planning enforceable undertaking may have been, the answer does not lie in...

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Policy & Regulation

Finance Minister, Senator Mathias Cormann, claims there’s no ‘plan B’ if the Senate disallows the FOFA changes but competitive neutrality ought require that industry fund...

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Policy & Regulation

The FPA has urged the calling of a national summit to resolve the issues raised in the 61 recommendations of the Senate Committee report....

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Financial planning

Industry Super Australia (ISA) has been accused incorrectly blaming the banking industry’s interests for a post-Future of Financial Advice (FOFA) return to a commissions’...

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Editorial

The Government may have moved to “rebalance” FOFA, but bipartisanship remains a forlorn hope....

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Financial planning

Recent policy changes have made preparation – and the role of planners – more critical than ever in the post-retirement space. However, even for planners, it’s not an eas...

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Policy & Regulation

Industry Super Australia has called on the Senate to disallow the Government’s FOFA regulatory changes claiming they will see a return to the bad old days....

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Financial planning

IOOF’s exit of its stake in PATRON Financial Services cleared the way for the dealer group’s merger with Infocus Wealth Management....

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Policy & Regulation

Financial advisers have been reminded the first-round deadline for the Future of Financial Advice (FOFA) reforms has arrived, which means fee disclosure statements should...

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Financial planning

Bristow announces merger between Infocus and PATRON...

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Policy & Regulation

Proposed regulatory reforms of the FOFA legislation should be put on hold following the Senate Economics Committee report on ASIC’s performance, ISA believes....

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Financial planning

Government Senator, David Bushby, has issued a dissenting report arguing a royal commission is unnecessary...

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Superannuation

Australians need to put a minimum of an extra 5.5 per cent of their salaries into superannuation each year on top of the super guarantee, experts from Deloitte Actuaries ...

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