FOFA

Financial planning

Instead of targeting commissions for life insurance products, policy reforms should revisit conflicted remuneration, which hasn’t been properly handled by FOFA, Chan & Na...

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Financial planning

Australian planners have successfully rebooted their fee strategies and revenue channels in line with financial sector reforms, comparison shows. ...

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Financial planning

Adviser competency and professional standards would be boosted by the formation of a new adviser-funded body that sets standards for different advice segments, the Financ...

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Policy & Regulation

Opposition to consider reworked FOFA policy for next election as industry reports confirm need to oppose amendments....

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Financial planning

BTFG moves unilaterally be introducing its own adviser register and providing scope for client feedback and assessment....

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Policy & Regulation

Plans to disallow significant portions of the Government’s FOFA reforms have been blocked by the Senate....

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Financial planning

ASIC has the power to move to lift planner education standards, according to Finance Minister, Mathias Cormann....

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Financial planning

AMP chief executive, Craig Meller says self-interested parties are seeking to dumb down advice to just product selection....

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Policy & Regulation

AMP chief exeuctive, Craig Meller says financial services reform has cost his company hundreds of millions of dollars and should be given time to work....

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Policy & Regulation

The Australian Bankers’ Association has voiced its support for moves to boost the professional standards in the financial advice sector....

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Policy & Regulation

Claims that the Government should tighten its legislation regulating the financial advice industry have been dismissed as “insultingly stupid”, by the Federal Treasurer, ...

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Financial planning

Victims of the Trio Capital collapse are still waiting for compensation for the fraud, despite an election pledge by the Coalition Government. ...

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Financial planning

The financial services sector still lacks regulation that requires advisers to identify when they are providing independent advice and when they are selling products, a l...

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Policy & Regulation

Legislation enshrining the Government’s FOFA reforms should be delayed until after the FSI’s final report is issued, Labor believes....

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Policy & Regulation

The relationship between licensees, advisers and platforms has been stretched by FOFA leading to planners departing mid-tier financial groups....

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MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 1 week ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

2 weeks 5 days ago

Having divested its advice business in August, AMP is undergoing restructuring in at least four other departments amid a cost simplification program....

2 weeks 2 days ago