financial advice

Policy & Regulation

ASIC, Treasury and the TPB have been urged to ensure the harmonisation of the standards applied to advisers....

Policy & Regulation

Questions are being asked about Industry Super Australia’s integrity after its 'Compare the Pair’ advertising campaign was labelled as potentially misleading by ASIC....

Financial planning

Advisers encouraged to use IT to engage with clients

Financial advisers should be taking advantage of new technologies to market their services to clients....

Policy & Regulation

Cormann points to industry funds vested interest

Minister for Finance, Senator Mathias Cormann, claims industry funds had a vested commercial interest in resisting the Government’s FOFA changes....

Policy & Regulation

Time to end the scare-mongering says FSC

The FSC says the Government’s FOFA changes announcement means its time to end the scare-mongering. ...

Policy & Regulation

Cormann’s FOFA reforms plan gets mixed reaction

Industry lobbyists are giving the Federal Government’s decision to plough ahead with the implementation of some elements of the Future of Financial Advice reforms a mixed...

Financial planning

Grandfathering still hindering quality advice

The grandfathering problems that plagued the advice space a year ago continue to stymy advisers and remain heavy burden on consumer choice, the Association of Financial A...

Policy & Regulation

Govt’s FOFA changes tighten up on conflicted rem

The planning industry has welcomed the Government’s FOFA changes most of which will be imposed via regulation but which include a tougher approach to conflicted remunerat...

Financial planning

Conflicted remuneration should be defined in law

SPAA claims that explanatory statements to FOFA amendments will be ineffective and best interest duty and conflicted remuneration should be defined within legislation....

Financial planning

FSI unlikely to create ructions for advice sector

The Financial Service Inquiry is unlikely to drive deep changes to the financial services sector according to an analysis of the 270 submissions made to the inquiry....

Policy & Regulation

Senate Committee gives thumbs up for FOFA amendments

Senate Committee recommends FOFA amendments be passed but Greens and Labor Senators object to all the suggested changes....

Policy & Regulation

AFA not surprised by FOFA committee report

The AFA is not surprised by the report of the Parliamentary Committee on the FOFA amendments but wants the line held on product advice....

Policy & Regulation

Key FOFA report due today

Cormann says Senate Committee report will influence the shape of the Government’s ultimate FOFA changes....

Policy & Regulation

Cormann outs FOFA amendment critics

Finance Minister, Senator Mathias Cormann claims critics of the Government’s FOFA changes have fallen short on offering viable alternatives....

Financial planning

Product fees costing Australians billions

Financial advice clients were charged an average of $1800 each in fees last year, largely due to the growing basket of products they were sold by advisers and brokers, re...