parliamentary joint committee

PARLIAMENTARY JOINT COMMITTEE

Policy & Regulation

FOFA and MySuper cannot be considered in isolation

The Financial Services Council has warned against the Government considering FOFA, MySuper and the Productivity Commission review in isolation....

Policy & Regulation

ISN's David Whiteley backs flexible implementation of FOFA

The Federal Opposition has warned of Parliamentary force on FOFA changes, while the ISN's David Whiteley has backed the flexible implementation of FOFA....

Policy & Regulation

Industry laments PJC's FOFA failure

The financial services industry has turned its attention to the parliamentary independents in the wake of the failure of the PJC reviewing the FOFA bills....

Policy & Regulation

Shape of FOFA bills in hands of independents

The divide between Government and Coalition members of the PJC reviewing the FOFA bills means their fate resides with the independents....

Policy & Regulation

PJC fails to agree on FOFA

Coalition dissents on Parliamentary Joint Committee's FOFA report and argues for the abandoning of financial advice opt-in and for changes to best interests....

Financial planning

Ombudsman's slim grasp of intra-fund advice disputes

The Financial Ombudsman Service has admitted it has only minimal specific information about the number of intra-fund advice disputes it handles....

Policy & Regulation

Expect variable FOFA transitionary arrangements

The Government is expected to announce variable transitionary arrangements around the implementation of FOFA....

Policy & Regulation

Where are the Greens on FOFA?

Observers attending the parliamentary committees reviewing the FOFA bills are concerned at the absence of the Australian Greens....

Editorial

Getting FOFA's timing right

The Government seems determined to bring on parliamentary debate about the FOFA bills well before the May Budget but, as Mike Taylor reports, Financial Services Minister ...

Financial planning

Financial planning opt-in hangs in the balance

Australia's key financial planning industry organisations have been heartened by a declaration by NSW independent Rob Oakeshott that he will oppose 'opt-in' when the Gove...

Policy & Regulation

Labor could be too busy for FOFA: Kerry Chikarovski

The Labor Party's leadership struggles could distract the party from addressing issues related to the FOFA reforms, according to Association of Financial Advisers politic...

Policy & Regulation

Coalition hopeful of bipartisan FOFA report

The Coalition remains hopeful the PJC can deliver a bipartisan report on the FOFA bills, but stands ready to issue a dissenting report and to pursue amendments, particula...

Editorial

FOFA flaws laid bare by PJC

It became apparent during the Parliamentary Joint Committee hearings held to review the Future of Financial Advice (FOFA) bills that the legislation requires significant ...

Editorial

Independent financial planners can weather the storm

An almost inevitable consequence of the Commonwealth Bank's acquisition of Count Financial is that some of Count's financial planners have signalled they feel uncomfortab...

Financial planning

FPA points to hypocrisy on superannuation funds and fees

The Financial Planning Association (FPA) has warned of the hypocrisy of allowing superannuation funds to bundle scaled financial advice costs into an over-arching adminis...