financial planning

Policy & Regulation

Wait and see on disallowing FOFA regulatons

While media reports are suggesting Senate disallowance of the FOFA regulatory changes is a fait accompli, Cormann says wait and see....

Financial planning

Former CBA head aware of planning problems

Former CBA CEO Ralph Norris was aware of some of the problems relating to financial planning advice...

Financial planning

Boutique branches out with dealer services model

Melbourne boutique to offer dealer services to small planning groups and self-employed planners...

Financial planning

Planning - the most heavily scrutinised sector

The further Senate Commmittee process initiated by the Federal Opposition will simply be another in a long list starting in 2009....

Policy & Regulation

Opportunism driving Labor on FOFA - Cormann

Finance Minister, Mathias Cormann, claims the Opposition’s efforts to create a further Senate inquiry into the planning industry is political opportunism at work....

Policy & Regulation

Labor tipped to move for new Senate inquiry

Reports suggest the Labor Opposition will move to establish another Senate Committee inquiry into financial planning....

Policy & Regulation

Opt-in FOFA consequences for industry funds

Finance Minister, Senator Mathias Cormann, claims there’s no ‘plan B’ if the Senate disallows the FOFA changes but competitive neutrality ought require that industry fund...

Financial planning

FPA condemned over CommFP response

The Financial Planning Association’s (FPA) response to the Commonwealth Bank financial planning fallout has elicited a scathing retort from the Association of Independent...

Funds management

Boutique firm to drop platforms for managed account model

The development of managed accounts will allow a boutique planning firm to replacing its wrap platforms and SMSF administration service with a managed discretionary accou...

Policy & Regulation

National summit urged to resolve planning issues

The FPA has urged the calling of a national summit to resolve the issues raised in the 61 recommendations of the Senate Committee report....

Financial planning

CBA planners counter FPA criticisms

A number of CBA planners have declared their anger at comments made by the FPA chairman, Matthew Rowe....

Financial planning

ASIC reminds CBA on its breach obligations

ASIC has acknowledged the CBA’s new compensation and review processes by reminding the banking group of its ongoing breach reporting obligations....

Policy & Regulation

Australian regulatory protection ‘inferior’

Australia has developed a regulatory protection regime for investors which is inferior, according to Paul Resnik. ...

Policy & Regulation

FPA want to act as circuit breaker for CBA compensation

The Financial Planning Association (FPA) has volunteered to track down Commonwealth Bank planning clients affected by poor advice to line up compensation....

Financial planning

Cormann confirms telling Commbank to sort it out

The Minister for Finance and Acting Assistant Treasruer, Senator Mathias Cormann, has confirmed meeting with Commonwealth Bank chief, Ian Narev, and impressing on the ban...