FOFA

Policy & Regulation

Premium Wealth Management chief executive, Paul Harding-Davis believes FOFA has crimped opportunities for organic growth giving rise to moves such as the acquisition by A...

Policy & Regulation

Macquarie says its on track on EU

Macquarie has used its AGM to claim it is on track in meeting the terms of its 2013 Macquarie Private Wealth enforceable undertaking....

Policy & Regulation

FOFA changes not necessarily riskier - APRA

The Australian Prudential Regulation Authority has refused to conede that the Government’s FOFA changes will generate more risk....

Policy & Regulation

Scandalous headline culture changing advice

Coverage of the Commonwealth Bank planning saga has clients believing the events happened “yesterday”, placing increasing pressure on advisers to justify their value prop...

Policy & Regulation

FOFA increases compliance burden

The compliance work involved in running an AFSL has intensified under the FOFA reforms, Ausingroup’s head of wealth management, Mark Morcos believes,...

Policy & Regulation

Central register could restore trust in advice: AFA

A central register of advisers could help weed out rogue operators in the financial advice space and rebuild trust in the profession, the Association of Financial Adviser...

Accounting

FSI interim report highlights need for tax deductions on advice: IPA

The results of the FSI’s interim report emphasises the need for tax deductions those who pay for financial advice, the Institute of Public Accountants claims....

Editorial

Moving beyond FOFA to cure industry ills

Mike Taylor writes that the financial planning industry must lobby the Palmer United Party to defend hard-won FOFA gains. ...

Editorial

FOFA, not Commbank is Labor's target

The misdeeds which occurred within Commonwealth Financial Planning have become a stalking horse for those seeking to prevent any amendments to FOFA....

Financial planning

Internal conflict to let down a generation of investors

Infighting within the financial services sector could let down a generation of investors, a leading business consultant believes....

Superannuation

ASIC points to re-emergence of commissions

ASIC warns on the one stop shop SMSF business model and the re-emergence of commissions....

Financial planning

Only modest take-up on limited AFSL

ASIC points to so far modest take-up of limited AFSL and the emergence of concerning trends around RG 146 completion and professional indemnity....

Policy & Regulation

Key accommodations ensure FOFA changes

A letter written by Senator Mathias Cormann to Clive Palmer confirms the concessions that were necessary to ensure passage of the regulations changing FOFA....

Policy & Regulation

AFA thankful FOFA reforms will stand

The Association of Financial Advisers has thanked the Palmer United Party “for its proactive action” in voting down a move to disallow the Government’s FOFA reforms....

Policy & Regulation

PUP support ensures FOFA reform regulations stand

Support from the Palmer United Party has ensured a move by the Australian Labor Party to disallow the Government’s Future of Financial Advice regulations failed in the Se...