FOFA

Financial planning

Financial planning groups are restructuring salary models to make sure their planners are rewarded after the ban on commissions officially comes in on 1 July 2013....

Policy & Regulation

Scaled advice fits under best interests: ASIC

The regulator has confirmed scaled advice can be provided under best interests duties outlined in Future of Financial Advice changes....

Editorial

Keeping the client relationship strong

Even the strongest of client relationships can be tested when returns are weak. As Tom Reddacliff explains, long-term relationships between financial planners and their c...

Financial planning

Advisers need to set prices: Perkovic

Financial planners and their clients have to supplant platform providers and fund managers as the price setters in the advice equation, according to Colonial First State ...

Policy & Regulation

Shorten predicts few changes to Labor's reforms

The Minister for Financial Services, Bill Shorten, has predicted that few of the financial services reforms implemented by the Gillard Government will be amended or repea...

Policy & Regulation

Coalition FOFA changes already drafted

The Federal Opposition has declared it will move quickly to repeal the worst elements of the Future of Financial Advice regime....

Policy & Regulation

Regulators stressed by changes too

Australia's two financial services regulators have acknowledged the level of stress and uncertainty being experienced by financial services companies as a result of the G...

Policy & Regulation

FSC concern over regulatory timeframes

FSC chairman Peter Maher has raised concerns about the industry's ability to comply with FOFA and MySuper in the available deadlines when definitions are still not availa...

Editorial

When name calling hurts

Mike Taylor writes that the reputational damage often suffered by the financial planning industry might be substantially reduced if regulators and the media were a little...

Policy & Regulation

Warnings on opt-in orphans

A Money Management roundtable has identified a key consequence of opt-in - orphan clients....

Policy & Regulation

Questions raised on ASIC's FOFA approach

Some question the background of key ASIC personnel handling FOFA regulatory development....

Policy & Regulation

FOFA consolidation not unintentional: Cormann

Opposition spokesman on Financial Services Mathias Cormann has suggested the dealer group consolidation being driven by FOFA reforms is not entirely unintentional....

Editorial

The continuing evolution of financial planning dealer groups

Money Management’s Top 100 Dealer Group data has underscored the re-emergence of institutions as the dominant force in Australian financial planning....

Top 100

Optimism in the face of reduced planner numbers

Many significant players in the dealer group sector have reduced their financial planner numbers, though the industry remains optimistic....

Top 100

The new face of financial planning dealer groups

Consolidation is changing the face of the financial planning dealer group sector before our eyes, while small-to-medium players continue to struggle....