FOFA

Editorial

ASIC blows hot and cold on Storm Financial

Whatever ASIC says about its inaction over the collapse of Storm Financial, the FOFA reforms will not prevent history repeating itself, writes Mike Taylor....

Financial planning

Advisers seek own AFSL

Greater flexibility and independence, increasing dealer group fees, and concerns around fulfilling a fiduciary duty are some of the reasons why more advisers are applying...

Financial planning

Platform neutrality questioned

New generation platform providers have criticised the ‘preferential programs’ initiated by their peers, claiming they have the potential to bias the advice gi...

Policy & Regulation

FOFA reforms not enough: Global CFA Institute CEO

The lift in financial advice standards proposed by the Future of Financial Advice (FOFA) reforms is a step in the right direction, but it is not enough, according to Glob...

Policy & Regulation

Smaller players exposed by FOFA, say analysts

While Australia’s big wealth management firms are well placed to adjust to the FOFA reforms, the smaller players will struggle....

Financial planning

Australian Law Reform Commission sidelined

Questions have been asked about why the Australian Law Reform Commission didn’t have carriage of the Future of Financial Advice reforms....

Financial planning

No single fiduciary duty solution

The limited nature of the adviser/client relationship with respect to intra-fund advice may make it difficult to impose a uniform interpretation of fiduciary duty, accord...

Financial planning

Regulator reviewing industry entry standards

The entry-level requirements for the provision of financial advice may soon be lifted from their very low base, with the corporate regulator undertaking consultation with...

Editorial

Are the financial planning industry’s FOFA criticisms being ignored?

Recent comments by Assistant Treasurer and Minister for Financial Services Bill Shorten have brought the Government's willingness to consult with the industry about FOFA ...

Financial planning

Fiduciary duty could polarise industry

The introduction of a statutory fiduciary duty for advisers could see the financial services industry return to the agent and broker models of its roots....

Financial planning

Master trusts and platforms rush to adapt to new business models

Changes to the way the financial services industry operates are keeping the master trust and platform sector on its toes, says Janine Mace....

Policy & Regulation

More concern on FOFA driving up advice costs

Further research has confirmed concerns around the FOFA changes driving up the cost of advice....

Policy & Regulation

FOFA pushes advice costs up

New research reveals the way the banning of commissions and the implementation of FOFA will push up the cost of advice....

Financial planning

FOFA reforms roundtable

The Future of Financial Advice reforms will see the end of commissions and the introduction of fee-for-service for planners. Mike Taylor hosts a roundtable to discuss wha...