FINANCIAL ADVICE

Policy & Regulation

FOFA reforms will dent the growth of the personal superannuation and allocated pension markets, but the self-managed, industry super fund and employer sponsored sectors w...

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Policy & Regulation

The Australian Bankers' Association has warned that unintended consequences flowing from FOFA may force restructures within the major banks....

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Policy & Regulation

There is too much crossover between MySuper legislation and Future of Financial Advice (FOFA) legislation for the two to be considered separately, according to the Corpor...

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Policy & Regulation

The Association of Financial Advisers has warned that consumers are the missing ingredient in FOFA legislation which risks decimating the financial planning industry....

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Policy & Regulation

Consumer groups including Choice and the Australian Shareholders Association (ASA) have welcomed the Government's Future of Financial Advice (FOFA) bills but argue they n...

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Policy & Regulation

Vanguard Investments has warned the wording of the FOFA bills runs contrary to the best interests of end investors....

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Policy & Regulation

The National Insurance Brokers Association has warned of unnecessary fall-out from FOFA's 'one size fits all' approach....

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Financial planning

The Australian Securities and Investments Commission accepted enforceable undertakings from three former Storm Financial advisers in the week before Christmas....

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Policy & Regulation

The Law Council of Australia has warned that the Government's FOFA changes risk going further than is necessary to achieve their core outcomes....

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Financial planning

FOFA reforms have not had as great a negative impact on financial planning practice valuations as anticipated, according to Radar Results....

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Financial planning

Matrix dismisses the $11 estimate on financial planner opt-in as ridiculous and cites a figure of $95 per client per year....

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Financial planning

BFPPG urges PJC to recognise need to separate product from financial advice by banning volume rebates....

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Policy & Regulation

AustralianSuper has urged against any delays to the implementation of FOFA, claiming the financial advice industry has had sufficient time....

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Financial planning

ASIC has accepted an enforceable undertaking from a Commonwealth Financial Planning financial adviser that sees him banned from financial services for two years for faili...

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Financial planning

BFPPG urges PJC to recognise need to separate product from financial advice by banning volume rebates....

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GG

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