FOFA

Policy & Regulation

Standard form disclaimers not enough for FOFA

A new legal analysis of the FOFA reforms suggests financial advisers will have to go further than simple disclaimers in seeking to provide limited advice....

Policy & Regulation

Cormann calls for FOFA delay

The Federal Opposition has called on the Government to delay the implementation of its FOFA legislation....

Policy & Regulation

Banks to carry BOLR can as FOFA drives out financial planners

Buyer of Last Resort arrangements entered into decades ago are returning to haunt some of the major financial services institutions as growing numbers of older financial ...

Financial planning

FOFA uncertainty and industry consolidation takes its toll on financial services

The tortuous progress of the FOFA reforms and ongoing industry consolidation has defined 2011 for the financial services sector, write Tim Stewart and Milana Pokrajac....

Editorial

The cost of playing by FOFA's rules

The second tranche of the Government's Future of Financial Advice legislation has laid out the remuneration and best interests ground rules for financial planners but, as...

Editorial

Financial planners end 2011 as they began it - uncertain

Australian financial planners seem destined to end 2011 in much the same fashion they ended 2010 - uncertain about the fine detail of the regulatory regime that will unde...

Policy & Regulation

FOFA cannot be separated from MySuper

The PJC has been warned that the availability of intra-fund financial advice makes it crucial the FOFA bills are viewed in the same context as MySuper....

Superannuation

Superannuation fund members baulk at financial advice costs

Superannuation fund members don't want to pay extra for financial advice they get over the phone or internet....

Financial planning

Structural separation the answer: Premium

The current round of reforms attempt to manage conflicts of interest in the industry, but they won't be eliminated unless there is a structural separation of product and ...

Policy & Regulation

Industry buffeted by FOFA and debt crisis

As 2011 draws to a close, 4 minutes takes a look back at some of the major events that have shaped the financial services industry over the past 12 months....

Financial planning

Ventura reduces costs to financial advisers

Ventura uses multi-manager efficiencies to reduce financial adviser costs....

Policy & Regulation

Capstone adds eight practices, welcomes FOFA

Non-aligned dealer group Capstone has welcomed a post-Future of Financial Advice (FOFA) world and has announced the recruitment of eight new financial planning practices....

Policy & Regulation

Change of speaker changes odds on FOFA

The change of speaker in the House of Representatives has made it more likely FOFA will pass with little amendment....

Superannuation

BT offers fee-for-advice option to superannuation members

BT Financial has announced a new fee-for-advice option which will be made available to a number of BT Retail Personal Super and Pension funds....

Financial planning

Guardian Advice unveils new succession plan

Guardian Advice has unveiled an overhauled succession planning strategy that it says will make it easier for younger financial advisers to buy into practices and allow fo...