FOFA

Funds management

Count Financial and Professional Investment Services are adapting to the new world order....

Financial planning

Reforms beneficial, but implementation questioned

Members of the financial services industry regard the proposed reforms package as beneficial, but question its ultimate success, according to the research conducted by RB...

Superannuation

SPAA opposes ban on asset-based fees

The Self-Managed Super Fund Professionals’ Association of Australia does not support the ban on asset-based fees that has been proposed by the Accounting Profession...

Financial planning

Intra-fund advice not immune to cost pressures

Analysis from Citigroup has highlighted the fact that providers of intra-fund advice will not be immune to cost pressures if the Government’s proposed expansion of ...

Policy & Regulation

FOFA to bolster institutions

The Government’s Future of Financial Advice (FOFA) reforms carry with them the risk of tilting the financial advice industry in favour of the major institutional pl...

Policy & Regulation

Treasury honing in on FOFA details

Treasury will begin targeted consultations on the implementation details of the Labor Government’s Future of Financial Advice reforms tomorrow, with a particular fo...

Policy & Regulation

FPA/AFA confident on FOFA consultation

The FPA and the Association AFA are confident that the industry has the ear of Treasury as the consultation around the Future of Financial Advice reforms has resumed....

Financial planning

Annual renewal a ‘cornerstone’ of advice reforms, says Whiteley

The Industry Super Network has called for the ‘effective’ implementation of the Future of Financial Advice reforms if consumers are to be protected from commi...

Funds management

Volume rebate ban would preclude new platforms

It costs anywhere between $30 million and $100 million to establish a retail investment platform and the ACCC believes no new players will be ready to ante up – par...

Financial planning

Financial reform should go ahead under Gillard

With the issue of the nation's Government seemingly settled for now, FoFA reforms and Cooper Review recommendations will likely go ahead en masse, according to according ...

Financial planning

Accountant advisers lobby on fee reform

Accountant advisers are preparing their arguments against reforms which would see them prohibited from receiving any form of asset based fee, from as early as 1 July next...

Editorial

The inherent risks in financial services reform

The financial services industry is a complex organism, writes Mike Taylor, and tweaking parts of it could lead to the emergence of unforeseen market distortions....

Policy & Regulation

FOFA reforms outweigh need for MySuper

Financial Services Council chief executive John Brogden has argued that the Cooper Review’s MySuper proposals will be unnecessary if the FOFA changes are implemente...

Financial planning

CEOs expect planner consolidation

A new survey of financial services CEOs reveals they expect further industry consolidation and fewer planners....

Editorial

Why FOFA's annual renewal requirement increases risk for investors

Paul Barrett commends the Future of Financial Advice recommendations but warns that the annual renewal requirement will create more risk for investors....