FOFA

Financial planning

With both tranches of the Future of Financial Advice draft legislation now released, participants in a Money Management roundtable discuss the good, the bad and the ugly ...

Editorial

FOFA impasse unlikely to be resolved

Much attention has been directed towards the manner in which a Parliamentary Joint Committee will handle the Government's Future of Financial Advice legislation but, as M...

Editorial

FOFA stampede could get uglier

The financial planning industry has been undertaking some intense lobbying in recent weeks in the hope of extracting some key amendments to the Government’s Future of Fin...

Policy & Regulation

Devil in the detail of FOFA legislation

The Federal Government has injected enough complexity and uncertainty into its Future of Financial Advice (FOFA) legislation that it may not be possible for the industry ...

Superannuation

Intra-fund financial advice a threat to corporate superannuation

The CSSA is concerned that proposed intra-fund financial advice measures could lead to personal advice fees being bundled in with fund administration fees....

Financial planning

Neil Younger moves to ANZ

Financial planning executive Neil Younger will make a move to ANZ Wealth next month to head up practice-based financial planning, the banking group has announced....

Financial planning

Paragem offloads dealer services business to netwealth

Paragem has sold its dealer services business, Paragem Dealer Services, to privately owned platform provider netwealth following an approach by the firm....

Financial planning

Prescriptive regulation could kill scaled advice

Cost-effective scaled advice will only be possible if the Government gets the policy and regulatory settings right, according to ANZ general manager for advice and distri...

Financial planning

Ambulance chasers receive strong rebuff from financial planners

<b>Latest Edition:</b> Criticisms of financial planners by compensation lawyers were recently labelled shameless by industry leaders and dealer groups, while the Governme...

Financial planning

Sequential to assist AMP financial planning practices with FOFA changes

Key AMP financial planning groups have retained Sequential Project Services to help them with regulatory changes stemming from the Government's upcoming Future of Financi...

Financial planning

Managed investment scheme fallout continuing for financial planning firms

The fallout from a variety of managed investment schemes (MISs) that collapsed following the onset of the global financial crisis continues to play out through the Financ...

Policy & Regulation

Independents offer less certainty on FOFA

Financial planners have renewed their lobbying efforts on FOFA - but the key independents are playing their cards very close to the chests....

Policy & Regulation

FOFA likely to drive accountants closer to financial planners

Restoring accountants' licensing exemption is a positive development that will drive accountants and financial planners closer together, according to Patron Financial Adv...

Policy & Regulation

Financial planners blindsided by Govt changes to FOFA legislation

<b>Latest Edition:</b> The financial planning industry was recently caught off guard by last-minute Government changes to the FOFA legislation. The changes were reportedl...

Financial planning

GFC helped financial planners fight back

The global financial crisis (GFC) acted as a catalyst for many financial planners to change their business models - something that has placed them in good stead as they d...