FOFA

Financial planning

The independents in the House of Representatives have become the target of lobbying efforts on the part of the financial planning industry....

Editorial

Disunity runs the risk of FOFA defeat

The Assistant Treasurer, Bill Shorten, faces the prospect of some serious horse-trading in both houses of Parliament to get the financial advice 'opt in' legislation pass...

Editorial

DKN posts steady half-year profit

DKN Financial Group has announced steady half-year results, reporting a net profit after tax (NPAT) of $3.73 million, which is 3 per cent short of its NPAT for the corres...

Financial planning

Commissions ban may boost planner interest in LICs

If the shift to a fee-for-service model does come into play next year as part of the Government’s Future of Financial Advice (FOFA) reforms, it is expected that lis...

Editorial

FOFA exposes the financial planning industry's divisions

Another round of research aimed at defining the attitudes of financial planners appears to have confirmed the existence of a generational divide on some of the key questi...

Policy & Regulation

Industry must make sure FOFA delivers: Klipin

The Government has good intentions with the Future of Financial Advice (FOFA) reforms, but the advice industry needs to make sure history is not repeated, according to th...

Superannuation

Planners respond to Super Panel

Representatives of some financial planning industry bodies have expressed anger over the lack of planner representation on the newly formed Stronger Super Peak Consultati...

Financial planning

Petition says no to opt in

An online petition addressed to the Minster for Financial Services and Superannuation, Bill Shorten, is calling for ‘opt in’ to be scrapped....

Editorial

Salary Survey 2011: Show me the money

Ashleigh McIntyre examines current remuneration packages and CEO salaries in the financial services sector....

Editorial

There's more to financial services reform than FOFA

Rather that focusing exclusively on the Future of Financial Advice reforms, the Government needs to clear up all the outstanding policy issues in financial services, writ...

Editorial

Protecting investors from themselves

When even municipal councils were subjected to multi-million dollar losses through the global financial crisis, Mike Taylor writes that the Government has few options oth...

Financial planning

Younger advisers capable of revitalising industry

Although most advisers are working to improve the public image of the advice industry, the next generation is in a better position to do so....

Editorial

FOFA carries a high price for financial planners

With draft legislation resulting from the Future of Financial Advice reforms due out within months, Mike Taylor writes that much more is at stake than how financial plann...

Policy & Regulation

FOFA may separate industry: Klipin

One of the unintended consequences of the Government’s Future of Financial Advice (FOFA) reforms may be a shortage of 'generalist' financial planners, according to ...

Financial planning

Product bias in BOLR agreements remain

Institutions may claim that product biases in buyer of last resort (BOLR) agreements have been removed, but grandfathering arrangements have meant that, up to five years ...