future of financial advice

Policy & Regulation

Trust ‘absolutely critical’ to future of financial advice: AFA

Debate over the Government’s FOFA amendments has distracted Australians from focusing on the real purpose of financial advice, the AFA believes....

Financial planning

Business performance gives planners cause for optimism

Improved performances across a range of metrics are giving financial planners reasons to be optimistic according to the latest Investment Trends Planner Business Model Re...

Superannuation

ISA on the same side of best advice providers

ISA claims it supports non-conflicted financial planning advice and its position on non-conflicted superannuation puts it on the same side of popular opinion...

Policy & Regulation

FOFA amendment changes extra levers to prosecute advice disputes

Changes to FOFA amendments agreed between the Government and PUP will act as levers against a planner in a dispute with a client....

Policy & Regulation

Labor commits to FOFA reimplementation

The ALP will not be forgetting FOFA and will look to reimplement its model when it returns to government....

Editorial

When grandfathering looks out of place

Mike Taylor writes that the drive for higher educational standards for financial planners has served to regenerate criticism of those people who were grandfathered into t...

Financial planning

AFA sets out minimum professional practice and ethical standards

AFA members will have to abide by six new principles of professionalism, which are set to form a critical part of the AFA’s revised Code of Conduct....

Policy & Regulation

FOFA changes not necessarily riskier - APRA

The Australian Prudential Regulation Authority has refused to conede that the Government’s FOFA changes will generate more risk....

Policy & Regulation

Scandalous headline culture changing advice

Coverage of the Commonwealth Bank planning saga has clients believing the events happened “yesterday”, placing increasing pressure on advisers to justify their value prop...

Editorial

Moving beyond FOFA to cure industry ills

Mike Taylor writes that the financial planning industry must lobby the Palmer United Party to defend hard-won FOFA gains. ...

Financial planning

Internal conflict to let down a generation of investors

Infighting within the financial services sector could let down a generation of investors, a leading business consultant believes....

Financial planning

Synchron heartened by FSI vertical integration scrutiny

The FSI’s call for clarity on potential vertical integration conflicts could see moves towards parent-company transparency in the aligned advice space, Synchron director ...

Funds management

Platform providers ramp up pressure on managed account operators

Managed account operators set to face increased competition as mainstream platform providers integrate increase their capabilities in this space...

Policy & Regulation

Treasury disowns key FOFA research

Senior Treasury officials deny the Treasury has endorsed ISA-sponsored Rice Warner research on FOFA implications....

Policy & Regulation

AIOFP urges disclosure regime on advice ownership

AIOFP has called on the Federal Government to reintroduce an ownership disclosure regime and for the equal prosecution of executives who have overseen poor advice....