FOFA

Editorial

With regulatory change shining a spotlight on fees, platform providers are under increased pressure to justify their value. Perhaps innovation is the key to retaining adv...

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Policy & Regulation

Conflicted remuneration bans have monumentally changed the way advisers make their money, with the commission model replaced by a move to fixed fees, according to the cor...

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Policy & Regulation

Debate over the Government’s FOFA amendments has distracted Australians from focusing on the real purpose of financial advice, the AFA believes....

Superannuation

Superannuation fund claims vertical integration is stifling competition and the Government’s changes to FOFA have not helped....

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Policy & Regulation

Deloitte argues that FOFA taken together with other initiatives suggests the regulatory pendulum has swung too far....

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Life/Risk

The insurance industry has been allowed to “morph” itself into a financial advice profession blind-sided by hidden agendas, according to accounting firm, Chan and Naylor....

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Financial planning

Non-aligned advisers are using technology to build referral networks and outsourcing non-specialist work....

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Financial planning

Australian financial planners use less sophisticated software than US and UK counterparts and have focused on FOFA compliance instead of business efficiency....

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Financial planning

The Commonwealth Bank has used its second FSI submission to back a US-style approach to the implementation of a natioanl register of financial planners....

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Financial planning

A senior and experienced cohort of financial planners are choosing to move away from expensive platforms. ...

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Financial planning

Westpac has rejected separately labelling institutionally-aligned financial planners, stating FOFA is an appropriate standard for all advisers....

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Financial planning

Financial services business broker claims things have changed and some baby boomer planners should consider their exit strategy....

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Financial planning

Consumer advocate group CHOICE has called for more stringency around financial advice conflicts of interest, such as asset-based fees....

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Financial planning

Consumer advocate group CHOICE has called for more stringency around financial advice conflicts of interest, such as asset-based fees. ...

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Policy & Regulation

Chan and Naylor’s David Hasib claims conflicted remuneration is still a problem for the planning industry with too many noses in the trough....

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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