FOFA

Editorial

Time to stop the superannuation gravy train

At first blush the Federal Government’s proposal for the establishment of a Council of Superannuation Custodians capable of guiding and advising on underlying policy seem...

Editorial

Planners too must act in own best interests

Mike Taylor explains the writing was on the wall long before the announcement of a number of practices leaving the AFS Group....

Superannuation

SPAA and IPA sign collaborative agreement

SPAA and IPA have signed a collaborative agreement to work together on specific areas related to SMSF advice....

Financial planning

TASA and financial planners - the search for facts and common sense

The recent flurry of opinions around making financial planners accountable to the Tax Agent Services Act (TASA) only continues to fuel more flawed arguments that are not ...

Financial planning

CommFP restructures adviser remuneration model

The new remuneration model announced by Commonwealth Financial Planning will assess advisers on both financial and non-financial performance, and will see the introductio...

Financial planning

Adviser battles lifetime commission rules

A financial adviser has been battling with TAL for more than two years over the commission arrangements surrounding one of his clients....

Financial planning

Commonwealth Financial Planning abolishes trail commissions

Commonwealth Financial Planning changes planner remuneration, ending trailing commissions. ...

Financial planning

FDS presents client retention challenge

Financial planners might struggle to articulate their value to passive clients come fee disclosure statement time, according to Elixir Consulting’s Sue Viskovic....

Policy & Regulation

Too many loose ends as FOFA deadline looms

AFA chief executive, Brad Fox says advice firms are being placed under pressure by the continuing regulatory unknowns around FOFA....

Financial planning

The push to lift planner education standards grinds to a halt

With ASIC delaying its work on a financial planner training framework, progress on raising the bar on education seems to be stuck in limbo, writes Tim Stewart....

Financial planning

TPB releases adviser education requirements

Financial planners wishing to keep providing advice in areas such as superannuation after 1 July will have to complete a course approved by the Taxation Practitioners Boa...

Financial planning

ASIC delays work on planner education

ASIC has delayed work on its financial planner training framework while the Future of Financial Advice reforms are being implemented. ...

Editorial

Fund managers facing their own FOFA challenges

Dealer groups are not the only financial services companies being forced to adapt to the new FOFA environment, with Instreet Investment’s George Lucas explaining that fun...

Editorial

Return to common sense plan at APESB

There would have been many in the Australian accounting community who last week breathed a sigh of relief when they read the documents to be dealt with by the APESB at it...

Superannuation

Super funds could lose MySuper for conflicted remuneration

MySuper licences could be cancelled if super fund trustees breach guidance on giving and collectively charging for intrafund advice, ASIC has warned....