FOFA

Financial planning

Revisit conflicted remuneration, not risk commissions, policymakers told

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

Financial planning

Aussie planners more adaptable to changing fee structures

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

Financial planning

User-pays standards body to boost adviser standards: FSC

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...

Policy & Regulation

Bowen says FOFA on agenda until next election

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

Financial planning

BTFG moves unilaterally on adviser register

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

Policy & Regulation

Labor’s FOFA block defeated

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

Financial planning

ASIC has power on planner education: Cormann

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

Financial planning

Advice about more than product selection

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

Policy & Regulation

Give FOFA time to work says AMP CEO

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....

Policy & Regulation

Bankers back Government’s FOFA reforms

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

Policy & Regulation

Labor ‘insultingly stupid’ on FOFA: Hockey

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

Financial planning

Government urged to come good on Trio compensation pledge

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

Financial planning

Regulation missing on separating advice from products

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...