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GOVERNMENT
Life/Risk
Government and regulators have focussed on life insurance commissions purely as a dollar amount while not acting on churn in other commission based advice sectors....
Policy & Regulation
Minister for Finance, Senator Mathias Cormann, declares the Government is still working to agree more “non-contentious” FOFA refinements....
Superannuation
The Government is intent on proceeding with changes to superannaution fund governance to bring them into line with publicly-listed companies....
Financial planning
Both educational qualifications and professional association membership will be later additions to the Government’s financial planner register....
Editorial
The Australian Labor Party has now made it clear that FOFA is a totem policy issue and that it will not be relenting in resisting any Government changes. ...
Financial planning
The major financial planning groups and companies are continuing to lobby for FOFA changes, but planners are being urged to accept the law as it currently stands....
Financial planning
Financial planners are being urged to take a ‘financial services oath’ to uphold integrity in the profession, by the Australian Labor Party....
Financial planning
Industry organisations have applauded parliament’s restoration of the grandfathering provision in the latest round of the FOFA reforms, claiming it overturned a rule that...
Policy & Regulation
Planners are accused of hanging on to horse and cart in their resistance to FOFA changes....
Financial planning
New research has revealed planning profits were being eroded by FOFA well before the Senate’s disallowance of the Government’s changes....
Financial planning
Finance Minister, Senator Mathias Cormann says the Government remains committed to its FOFA changes....
Policy & Regulation
The actions of one senator reversing their support for the Government’s Future of Financial Advice (FOFA) reforms will undermine competition in the advice sector, Synchro...
Policy & Regulation
Labor’s move to block the Government’s FOFA reforms will stifle the financial services industry and could render it a basket case on the international stage, a legal expe...
Financial planning
FPA’s outgoing chairman, Matthew Rowe, says the FPA won’t seek to defend the indefensible where bad advice is concerned....
Policy & Regulation
Fewer Australians will be able to afford to obtain financial advice following the Senate’s decision to disallow the Government Future of Financial Advice regulations, the...
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Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...