financial advice

Financial planning

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 ...

Superannuation

SMSFs driving interest in UMAs

UMA provider OneVue has picked up nine new boutique advisory groups since September last year....

Editorial

ASIC's FOFA guidance gives planners a reason to smile

ASIC's guidance on FOFA's fee disclosure requirements prompted an almost audible sigh of relief from the financial planning industry....

Financial planning

Two-tier code canvassed by AFA

AFA canvasses concept that two-tiered code of conduct with ethics and providing good advice is more important than obviating opt-in....

Superannuation

Immediately increase contributions cap, says FPA

The FPA, in its Treasury submission, has said the Government needs to immediately increase the super contributions cap and implement a longer-term financial plan....