financial advice

Editorial

It would seem that in the mind of the Minister for Financial Services, Bill Shorten, accountants need to shoulder none of the responsibility for investors being burned by...

Policy & Regulation

Expect FOFA 'tweaks' for 18 months

Financial planning software provider COIN expects to be conducting Future of Financial Advice (FOFA) adjustments for the next 18 months. ...

Financial planning

Treasury draft spells out grandfathering

The industry has welcomed a Treasury draft detailing grandfathering and a transition time to 1 July, 2014....

Financial planning

FOFA 'early adopter' out on a limb

While the 'hard' implementation date for the Future of Financial Advice (FOFA) regulation is 1 July 2013, one financial planner has been voluntarily complying with the re...

Superannuation

Financial planners struggle to keep up with superannuation changes

With constant regulatory change impacting on the superannuation sector, financial planners are finding it difficult to focus on clients’ retirement needs, writes Bela Moo...

Editorial

Early election leaves industry in the lurch

It is now nearly a month since the Prime Minister, Julia Gillard, announced that the 2013 Federal Election would be held on 14 September – and despite her suggestions to ...

Financial planning

Survey result rejects APES 230 approach

AFA survey reveals most believe accountants should be held to FOFA standard rather than APES 230....

People & Products

ipac appoints three state-based general managers

Following its decision to merge with financial advisory firm Tynan Mackenzie late last year, ipac has appointed Eric Gibson, Nick Brinkworth and Craig Weber as general ma...

Financial planning

Govt should have acted sooner on grandfathering: Batten

Following "somewhat ambiguous" statements on grandfathering in Consultation Paper 189, the Australian Securities and Investments Commission (ASIC) is set to release an up...

Policy & Regulation

Shorten expected to define grandfathering soon

Treasury officials point to looming announcement on grandfathering rules – but claim original design was too “liberal”....

Editorial

Does FOFA pose Hobson’s choice?

As planners grapple with how to implement the changes flowing from the FOFA reforms, David Hasib examines the stark choices that many will have to make, including actuall...

Financial planning

Lining up clients’ financial choices with their goals

The concept of ‘values-based financial planning' fits in perfectly with spirit of the Future of Financial Advice (FOFA) reforms, according to American financial planning ...

Financial planning

Planning vs advice: what’s in a name?

Should ‘financial planner’ and ‘financial adviser’ be synonymous in the eyes of law?...

Policy & Regulation

FOFA to remain soft-boiled until mid-2014

The implementation of the Future of Financial Advice (FOFA) reforms looks set to remain "medium soft" until 1 July 2014, according to Shadow Treasurer Mathias Cormann. ...

Financial planning

Rubik acquisition signals entrance to scaled advice market

Financial software provider Rubik Financial Limited has signed a provisional agreement to acquire Provisio Software, a provider of scaled and online advice technology to ...