FOFA

Editorial

FOFA report calls for product providers to accept responsibility for their failures

Mike Taylor writes that the Government’s FOFA process has finally produced a genuinely positive outcome in the St John report’s clear analysis of the need for financial p...

Policy & Regulation

FOFA provides no guarantees of Trio Capital repeat

A senior lawyer has warned there is nothing in FOFA to prevent a repeat of Trio Capital, Storm Financial or Westpoint....

Editorial

FOFA victory or pyrrhic victory?

As ASIC moves to translate the FOFA Acts into a new regulatory environment, there appears every chance that opt-in obligations may need to become an integral part of indu...

Funds management

TAL's Nathan Kerr named Money Management's BDM of the Year

TAL Limited's Nathan Kerr’s understanding of his client base and the undying commitment to the industry that earned him this year’s Money Management BDM of the Year title...

Policy & Regulation

Bill Shorten's opt-in a 'dummy'

The Federal Opposition believes some segments of the financial planning industry got 'sold a dummy' on the manner in which approved industry codes of conduct would 'obvia...

Funds management

Franklin Templeton cuts fees to target retail

Franklin Templeton Investments has adjusted the fee structure on its balanced equity offering as it looks to target retail investors....

Superannuation

Superannuation funds lagging on rollover changes

The ATO has been warned some superannuation funds will struggle to be ready to meet changes in rollover requirements....

Financial planning

Forum on Budget and FOFA impacts

Key opposition parliamentarians Senators Mathias Cormann and Arthur Sinodinos to give the counter view on the Budget at AFA forum....

Financial planning

Weak supply boosting valuations: Prendeville

Financial planning practice valuations have returned to three times recurring revenue as weak supply fails to meet demand, according to Forte Asset Solutions director Ste...

Financial planning

Sales and social media 'bigger than FOFA'

Direct sales of financial products and the use of social media for business purposes have grown to become bigger factors than FOFA for financial advisory practices, accor...

Financial planning

Focus on fundamentals at FPA workshops

As the Financial Planning Association's 'Beyond the Shadow Shopper' workshops made their way to Sydney this week, the discussion turned to the need for proper record-keep...

Policy & Regulation

ASIC gets FOFA funding boost

Government delivers additional funding to ASIC for FOFA and a range of other financial services changes....

Policy & Regulation

FOFA forces financial adviser behaviour change

A desire among financial advisers to be seen by their clients as having ultimate control over their portfolios is accelerating a drive towards core and satellite strategy...

Funds management

Macquarie, Colonial First State take platform honours

Macquarie Wrap has gone back-to-back in being rated first in the annual Wealth Insights Platform Service Level Reporting Rankings, with Colonial FirstChoice again rated s...

Financial planning

Advice heads flag end of the dealer group

Once the dust has settled on the current round of industry reforms, the dealer group as we know it may cease to exist, according to senior financial financial advice figu...