financial advice

Financial planning

ASIC only successful after damage is done

The chairman of the Senate Committee reviewing ASIC laments that its greatest successes appear to have occurred after the damage has already been done....

Policy & Regulation

FATCA delay to help with FOFA implementation

Australian financial services institutions have received some breathing space with regards to the implementation of FOFA and Stronger Super as the US announces a six-mont...

Financial planning

Homesafe pushes equity release option

Homesafe Solutions believes market conditions have generated an environment conducive to equity release products....

Accounting

IPA welcomes Coalition’s deregulation promise

The Institute of Public Accountants has welcomed the Coalition’s new policy paper which re-affirms the promise to repeal some of the more controversial elements of the Fu...

Financial planning

Lambert predicts more AFSLs will disappear

Count founder Barry Lambert predicts in Money Management that commercial reality and the FOFA changes will precipitate the disappearance of more AFSLs....

Financial planning

Coalition’s policy paper reiterates FOFA promise

The Coalition has released a new policy paper which confirms it would amend FOFA to “reduce compliance costs for small business financial advisers”. ...

Financial planning

Planners struggle with how to value and price advice

Advisers unsure of what to charge for ongoing service ...

Financial planning

Financial services specialist now Rudd’s chief of staff

The former Treasury deputy secretary who oversaw much of FOFA, Jim Murphy, has been appointed Rudd’s chief of staff....

Superannuation

FOFA fails to address gearing in SMSFs

With the Future of Financial Advice (FOFA) reforms having come into effect as of 1 July, Tria Investment Partners Andrew Baker says the legislation has failed to address ...

Superannuation

ISN puts commissions back on the agenda

The Industry Super Network has launched an advertising campaign focused on the payment of commissions with respect to financial advice around superannuation....

Financial planning

FPA calls for cultural change in planning

FPA chief executive officer Mark Rantall calls for planners to set industry moral compass....

Policy & Regulation

Coalition will back any delay in FOFA implementation

The Federal Opposition has confirmed it will back any move by new Treasurer, Chris Bowen, to delay the implementation of FOFA....

Policy & Regulation

FSC asks for FOFA extension

FSC chief John Brogden has written to the new Labor government asking for FOFA to be extended until 1 July, 2014....

Policy & Regulation

BT reveals its FOFA costs

BT Advice has revealed how much in money and human resources it spent on FOFA preparations....

Financial planning

How to avoid becoming a victim of FOFA

After much debate, FOFA is set to hit the beach in a matter of days on 1 July. D-Day is imminent – and a survival strategy for planners is now absolutely imperative, writ...