FOFA

Policy & Regulation

Fears FOFA will drive away financial planning clients

There are growing concerns FOFA will drive away financial planning clients and place mid-tier firms at risk. This and more in the latest digital edition of Money Manageme...

Financial planning

AFSL holders earn more than aligned practices

Dealer group-aligned financial planning practices earn slightly less per year than those with their own Australian Financial Services Licence (AFSL), according to a Macqu...

Policy & Regulation

Shorten faces more FOFA pressure

Financial planners are set to maintain their lobbying against the Government's FOFA proposals....

Editorial

The biggest hurdles facing researchers

This month, PortfolioConstruction Forum asked the research houses: What, in your firm’s view, is one of the big challenges facing the Australian funds research industry a...

Financial planning

Recruitment: desperate times, desperate measures

As the financial services sector braces for major change flagged by the Federal Government more than a year ago, companies within the industry are becoming increasingly v...

Editorial

Financial planners count the costs of client engagement

New research confirms consumers who use financial planners are generally happy with the service they receive but, as Mike Taylor reports, it also points to how many clien...

Financial planning

Advisers want platforms to lower costs: CoreData

Lower costs for consumers and efficient administration were the top two factors advisers would like their platform provider to improve....

Financial planning

ASIC cuts 59 jobs

ASIC confirms 59 redundancies in the past 12 months despite the looming requirements of FOFA....

Editorial

FOFA squeezing smaller players out

It is now becoming increasingly clear that one of the major consequences of the Government’s Future of Financial Advice (FOFA) changes will be further industry consolidat...

Financial planning

Boutiques reluctant to hire

There seems to be a sizeable gap between boutique dealer groups and major institutions in terms of financial planner recruitment this year, as the two sectors face differ...

Policy & Regulation

FOFA checklist launched

Elixir Consulting has launched a program to help planners get 'FOFA-ready'....

Financial planning

FPA accuses ISN of killing planner competition

The FPA has accused the ISN of conducting a politically motivated campaign to drive competition out of the planning industry....

Policy & Regulation

FOFA reforms come under fire from financial planners

Federal Government moves to ban risk commissions have been labelled 'poor policy' amid entrenched financial planner opposition to the FOFA reforms. This and more in the l...

Policy & Regulation

FOFA could eliminate mid-tier firms

Concerns have been raised that mid-level planning firms could be eliminated in the wake of the Government's Future of Financial Advice (FOFA) reforms....

Policy & Regulation

Clients will evaporate after FOFA, say planners

A significant number of financial planners believe the implementation of the Government's Future of Financial Advice (FOFA) changes will not only cost them money, but als...