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FINANCIAL ADVICE
Superannuation
The intra-fund advice fee is unknown to fund members and is effectively paid as a secret commission, CSSA says....
Policy & Regulation
The Assistant Treasurer, Senator Arthur Sinodinos, says the regulatory changes to FOFA will be ready by the end of this month....
Financial planning
Administration and compliance is costing advisers more than $15,000 a year in lost revenue, according to a CoreData report....
Financial planning
Centric points to need for advice for same sex couples. ...
Policy & Regulation
Financial planners unlikely to face legal action on FOFA amendment-related advice, with courts recognising FOFA uncertainty....
Policy & Regulation
ASIC has sidestepped claims that FOFA amendments were a negative step and its enforcement approach allowed advisers a free hand....
Financial planning
AIA Australia has released a new commission payment model for advisers, which it says could almost double the value of advisers’ business over 10 years....
Financial planning
Despite financial planning being the most valued service offered by a super fund, only a small percentage of members use it....
Editorial
Pre-listing purchase set to boost scale and offering of superannuation services for OneVue. ...
Editorial
Australian Unity’s financial services business defied sluggish growth trends across the rest of the group to lift its FUM by a record $3.2 billion in the half year to Dec...
Financial planning
New online advice platform offers full financial plans for as little as $199....
Superannuation
The relaunch comes with the prospect of allowing sales commissions back into financial advice, ISA says. ...
Editorial
IOOF chief executive Chris Kelaher signals the company will look for growth off the back of a solid result underpinned by advice and inflows. ...
Policy & Regulation
ASFA has differentiated itself from the other major super organisations by not buying into the FOFA debate beyond supporting the retention of intrafund advice. ...
Financial planning
The FPA warns the Government some FOFA amendments could re-introduce commissions into the advice space and increase the risk of mis-selling. ...
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So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...