financial planning industry

Superannuation

Industry backs Shorten concession on risk in super

The financial planning industry organisation has welcomed a signal from the Assistant Treasurer and Minister for Financial Services, Bill Shorten, that the Federal Govern...

Editorial

Advice for the Government on what is financial advice

A significant portion of the Australian population does not understand what constitutes financial advice and that it remains far too easy for people operating well outsid...

Superannuation

Super funds may lose class order relief

Super funds providing scaled advice to their members may soon be required to play by the same rules as the rest of the financial planning sector, as the corporate regulat...

Financial planning

Planning industry critical of ISN findings

Research used by the Industry Super Network (ISN) to support its advocacy of opt-in requirements has been panned by sections of the financial planning industry....

Financial planning

Recruitment: desperate times, desperate measures

As the financial services sector braces for major change flagged by the Federal Government more than a year ago, companies within the industry are becoming increasingly v...

Editorial

Financial planners count the costs of client engagement

New research confirms consumers who use financial planners are generally happy with the service they receive but, as Mike Taylor reports, it also points to how many clien...

Editorial

FOFA squeezing smaller players out

It is now becoming increasingly clear that one of the major consequences of the Government’s Future of Financial Advice (FOFA) changes will be further industry consolidat...

Financial planning

Boutiques reluctant to hire

There seems to be a sizeable gap between boutique dealer groups and major institutions in terms of financial planner recruitment this year, as the two sectors face differ...

Financial planning

Half out of touch with their planner

New Roy Morgan research has confirmed that up to half of planning clients are out of touch with their planners....

Editorial

The FOFA freight train picks up speed

While financial planners have warned that the FOFA changes will be significant, Mike Taylor reports that the Government does not see that as an impediment to achieving it...

Editorial

Government and financial planners face FOFA stalemate

The Government's pursuit of its FOFA reforms has degenerated into trench warfare, with the financial planning industry 'digging in' to fight the changes. ...

Policy & Regulation

Shorten asked to 'please explain' on FOFA

The Association of Financial Advisers has demanded the Government explain the actual benefits of the Future of Financial Advice (FOFA) proposals....

Policy & Regulation

Planners resigned to FOFA

Many financial planners have already decided that the legislation that emerges from the Government's Future of Financial Advice (FOFA) changes will be unacceptable and ru...

Editorial

FOFA's air of inevitability

Assistant Treasurer and Minister for Financial Services, Bill Shorten, stirred up a great deal of anger and resentment recently by saying that he did not believe the key ...

Editorial

Hoping for the best from FOFA but expecting the worst

Many financial planners have lost faith in the Federal Government’s willingness to inject balance into FOFA and, as Mike Taylor writes, this attitude was not helped by re...