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FOFA
Policy & Regulation
The Assistant Treasurer, Senator Arthur Sinodinos, says ASIC will monitor FOFA changes to ensure they are meeting their objectives....
Financial planning
New legal advice obtained by ISA states planners will be able to satisfy the best interests duty without actually acting in the best interests of the client. ...
Financial planning
The head of the Commonwealth Bank has denied poor organisational culture is to blame for the events that led to a number of its planners being banned by the industry’s re...
Financial planning
Successful succession planning requires a mix of research, preparation and experimentation, explains Simon Harris....
Superannuation
The intra-fund advice fee is unknown to fund members and is effectively paid as a secret commission, CSSA says....
Policy & Regulation
The proposed scrapping of FOFA’s conflicted remuneration ban could give planners the green light to offer general advice - but they should still approach with caution, a ...
Policy & Regulation
The Assistant Treasurer, Senator Arthur Sinodinos, says the regulatory changes to FOFA will be ready by the end of this month....
Financial planning
Administration and compliance is costing advisers more than $15,000 a year in lost revenue, according to a CoreData report....
Policy & Regulation
Financial planners unlikely to face legal action on FOFA amendment-related advice, with courts recognising FOFA uncertainty....
Editorial
In case financial planners have not noticed, the Abbott Government’s moves to change FOFA, either by regulation or legislative amendment, has been the subject of a concer...
Policy & Regulation
ASIC has sidestepped claims that FOFA amendments were a negative step and its enforcement approach allowed advisers a free hand....
Editorial
Australian Unity’s financial services business defied sluggish growth trends across the rest of the group to lift its FUM by a record $3.2 billion in the half year to Dec...
Financial planning
New online advice platform offers full financial plans for as little as $199....
Editorial
Close watchers of the financial services industry will have noted that for a period of about 18 months to the end of 2013 an informal truce seemed to exist between the FP...
Superannuation
The relaunch comes with the prospect of allowing sales commissions back into financial advice, ISA says. ...
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Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...