FOFA

Policy & Regulation

FPA compels Palmer, cross benchers to support FOFA changes

The FPA has written to Clive Palmer and fellow cross benchers to try and correct what it calls media “misinformation” around FOFA changes. ...

Policy & Regulation

Wait and see on disallowing FOFA regulatons

While media reports are suggesting Senate disallowance of the FOFA regulatory changes is a fait accompli, Cormann says wait and see....

Policy & Regulation

Nationals' Senator eyes investigation of industry super funds' links to Labor

NSW Senator John Williams is looking forward to investigating why Labor failed to regulate commissions from industry super funds. ...

Policy & Regulation

Treasury disowns key FOFA research

Senior Treasury officials deny the Treasury has endorsed ISA-sponsored Rice Warner research on FOFA implications....

Policy & Regulation

FOFA regulatory changes facing disallowance

The Senate could disallow the Government’s FOFA changes as early as Monday unless cross-bench and PUP senators can be persuaded otherwise....

Editorial

Separation needed between product sales and advice

As scathing as the Senate Committee’s report into ASIC’s handling of the Commonwealth Financial Planning enforceable undertaking may have been, the answer does not lie in...

Financial planning

Planning - the most heavily scrutinised sector

The further Senate Commmittee process initiated by the Federal Opposition will simply be another in a long list starting in 2009....

Policy & Regulation

Opportunism driving Labor on FOFA - Cormann

Finance Minister, Mathias Cormann, claims the Opposition’s efforts to create a further Senate inquiry into the planning industry is political opportunism at work....

Policy & Regulation

Labor tipped to move for new Senate inquiry

Reports suggest the Labor Opposition will move to establish another Senate Committee inquiry into financial planning....

Policy & Regulation

AIOFP urges disclosure regime on advice ownership

AIOFP has called on the Federal Government to reintroduce an ownership disclosure regime and for the equal prosecution of executives who have overseen poor advice....

Policy & Regulation

Opt-in FOFA consequences for industry funds

Finance Minister, Senator Mathias Cormann, claims there’s no ‘plan B’ if the Senate disallows the FOFA changes but competitive neutrality ought require that industry fund...

Policy & Regulation

National summit urged to resolve planning issues

The FPA has urged the calling of a national summit to resolve the issues raised in the 61 recommendations of the Senate Committee report....

Financial planning

ISA slammed for “misrepresenting” banks

Industry Super Australia (ISA) has been accused incorrectly blaming the banking industry’s interests for a post-Future of Financial Advice (FOFA) return to a commissions’...