FOFA

Policy & Regulation

FPA submission urges greater differentiation

The FPA uses its FSI submission to point to need to more clearly define the risks in general and personal advice....

Policy & Regulation

The Senate Committee reviewing ASIC’s performance is likely to make recommendations based on how past failures were owed to a lack of intelligence and necessary skills....

Policy & Regulation

GFC spurs increased paternalism in legislation

Scaled and scoped advice has received undue focus under the Future of Financial Advice (FOFA) legislation, and is a sign of increasing levels of paternalism in legislatio...

Financial planning

Financial planning salary survey – sales skills no longer a must have

The attributes that companies are seeking in financial planners are drastically changing, with sales no longer a must-have skill, writes Milana Pokrajac. ...

Policy & Regulation

Govt Senator points to FOFA costs

Tasmanian Liberal Senator, David Bushby has explained the high cost for planners in complying with an unamended FOFA regime....

Financial planning

Why financial advisers no longer own their clients

Contrary to what some believe, the client owns the client: the client is not owned by the adviser, the dealer group or the broker, as Craig Parker explains. ...

Policy & Regulation

Regulator accused of causing confusion

Opposition parliamentarian Ed Husic has claimed ASIC is 'walking both sides of the street’ in taking a facilitative approach to regulating the implementation of the FOFA ...

Policy & Regulation

Whiteley calls for FOFA consensus

ISA chief executive David Whiteley calls for Government’s pause to be used to develop constructive consensus on FOFA....

Financial planning

Vertically integrated dealer groups - weighing up the pluses and minuses

Milana Pokrajac explores the pluses and minuses of vertically integrated dealer groups and the concept of a so-called ‘benign institution’....

Financial planning

Vertically integrated advice vs self-licensing and non-aligned advice

Milana Pokrajac examines the advantages and disadvantages of vertically integrated advice compared to self-licensing and non-aligned advice....

Financial planning

Moving FOFA forward - protecting the interests of consumers and planners

Despite the best intentions, the FOFA reforms constrained quality advice and left little wriggle room for planners wanting to expand their experience, writes Rob Caprioli...

Financial planning

Education that will shape financial planning

While education has long been the yardstick by which advisers are measured, the bar has been raised and standards have become more widespread than ever before. As Jason S...

Editorial

The facts on FOFA, not the spin

An easy line of spin is being peddled on the antecedents and consequences of the Government’s FOFA amendments. But any examination of financial services history shows the...

Editorial

FOFA and resisting remuneration temptation

The Government’s amendments to the FOFA legislation seemed capable of creating some loopholes around commissions but, as Mike Taylor writes, the major planning organisati...

Policy & Regulation

AFA produces FOFA facts analysis

The AFA has moved to enter the FOFA pause consultations with an analysis designed to counter a “rolling campaign of fiction and misrepresentation”....