The Federal Government has moved to impose much of its FOFA changes by almost immediate regulation but with significant tightening around conflicted remuneration....

Planners working with high net worth clients need to be across their full financial picture to avoid losing control according to the head of a family office advice busine...

Financial planning business broker predicts the industry will split into two sectors with non-aligned groups dominating the holistic, high touch advice space....

Finance Minister, Senator Mathias Cormann claims critics of the Government’s FOFA changes have fallen short on offering viable alternatives....

The rapid expansion of the Big Four banks and AMP into financial planning could see them seize an 80 per cent stake in the advice market, research suggests. ...

Mortgage Choice signs up 30th planner as it seeks to reposition its brand with the intention of growing to 60 planners by June, 2015...

The BFP claims a structural flaw has allowed banks, insurers and super funds to dress up product sales as advice....

Restoring the reputation of financial planners could depend on a co-regulatory model, where the industry sets and monitors its own scrupulous standards, the FPA says. ...

ASIC admits it targeted the big planning groups for shadow shopping because it thought it would make the most impact....

Providing regulatory backing for the separation of product sales from advice should be welcomed by the broader financial planning community....

ASIC chairman, Greg Medcraft admits ambiguity led to CommFP client compensation failures, but claims the bank was not “upfront”....

The Association of Financial Advisers (AFA) and foundation award partner Zurich have launched the inaugural advice practice of the year award....

Mike Taylor writes that the board of the Commonwealth Bank must be wondering how it was possible for the controversy around Commonwealth Financial Planning to get worse....

Acute skill shortages in the wealth management sector have given planners the leverage they need to demand higher salaries, a survey has revealed. ...