government

Financial planning

GFC made Australian banks too big to fail

Calls for independent inquiry into Australian financial system to redress undue influence of major banks....

Financial planning

Government releases draft exposure on CGT relief

The Government has released exposure draft legislation on CGT relief for merging superannuation funds....

Financial planning

Codes of conduct spark debate

ASIC said it is currently unable to provide clarity on some key licensee concerns....

Policy & Regulation

Shorten predicts few changes to Labor's reforms

The Minister for Financial Services, Bill Shorten, has predicted that few of the financial services reforms implemented by the Gillard Government will be amended or repea...

Policy & Regulation

Coalition FOFA changes already drafted

The Federal Opposition has declared it will move quickly to repeal the worst elements of the Future of Financial Advice regime....

Policy & Regulation

Regulators stressed by changes too

Australia's two financial services regulators have acknowledged the level of stress and uncertainty being experienced by financial services companies as a result of the G...

Policy & Regulation

Warnings on opt-in orphans

A Money Management roundtable has identified a key consequence of opt-in - orphan clients....

Financial planning

Super fees on their way down

There has been a clear downward trend in superannuation fees over the past decade, with advice fees having also decreased, according to the latest Rice Warner Actuaries r...

Superannuation

FSC argues for removal of industrial parties from super

FSC tells Productivity Commission that MySuper obviates the need for involvement of industrial parties in selecting default funds....

Financial planning

Opposition commits to deliver on MIT changes

Opposition commits to deliver on changes necessary to make Australia a regional financial services hub....

Policy & Regulation

FOFA consolidation not unintentional: Cormann

Opposition spokesman on Financial Services Mathias Cormann has suggested the dealer group consolidation being driven by FOFA reforms is not entirely unintentional....

Editorial

The continuing evolution of financial planning dealer groups

Money Management’s Top 100 Dealer Group data has underscored the re-emergence of institutions as the dominant force in Australian financial planning....

Editorial

Financial planning trail commissions in a post-FOFA world

Mike Taylor writes that the sale of client books entailing trailing commissions will look utterly incongruous in a post-FOFA world unless financial planners are actively ...