financial advice

Policy & Regulation

AMP results highlight FOFA shortfalls: Cormann

One-off expenses AMP estimates it will incur dealing with regulated changes highlight the need to have performed a regulatory impact assessment on FOFA, according to Sena...

Financial planning

Accounting bodies risk planning exodus

Australia's three professional accounting bodies are in danger of losing members heavily engaged in the financial planning industry over new standards being proposed by t...

Financial planning

CommCentral launches adviser revenue management software

CommCentral has launched new software which manages different adviser remuneration models combined with inbuilt FOFA rules....

Policy & Regulation

No difference in treatment of scaled and holistic advice

ASIC signals it will apply the same rules to both scaled and holistic advice....

Superannuation

Reforms bring aged care advice into focus

There has been an increasing focus on advice around aged care and support services, with the announcement of the Federal Government's aged care reforms....

Financial planning

GFC made Australian banks too big to fail

Calls for independent inquiry into Australian financial system to redress undue influence of major banks....

Editorial

Keeping the client relationship strong

Even the strongest of client relationships can be tested when returns are weak. As Tom Reddacliff explains, long-term relationships between financial planners and their c...

Financial planning

Advisers need to set prices: Perkovic

Financial planners and their clients have to supplant platform providers and fund managers as the price setters in the advice equation, according to Colonial First State ...

Policy & Regulation

Coalition FOFA changes already drafted

The Federal Opposition has declared it will move quickly to repeal the worst elements of the Future of Financial Advice regime....

Policy & Regulation

Regulators stressed by changes too

Australia's two financial services regulators have acknowledged the level of stress and uncertainty being experienced by financial services companies as a result of the G...

Policy & Regulation

Questions raised on ASIC's FOFA approach

Some question the background of key ASIC personnel handling FOFA regulatory development....

Superannuation

Need for generational approach to SMSFs

New report advocates tailoring SMSF advice to generational needs....

Financial planning

Disappearing independents

Concerns have been raised about the ever-shrinking independent dealer group sector and the potential impacts on the advice provided to clients in the future....

Editorial

The continuing evolution of financial planning dealer groups

Money Management’s Top 100 Dealer Group data has underscored the re-emergence of institutions as the dominant force in Australian financial planning....

Top 100

The new face of financial planning dealer groups

Consolidation is changing the face of the financial planning dealer group sector before our eyes, while small-to-medium players continue to struggle....