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Financial planning
IOOF appears to have contained the fall-out from an end to grandfathering and threats to life/risk commissions because of its ‘self-employed advice model’....
Policy & Regulation
Continuing Canberra’s moves against corporate misconduct and crime, Parliament yesterday passed legislation strengthening corporate and tax whistleblower protections....
Financial planning
The Australian Securities and Investments Commission has signalled its intention to fully implement Commissioner Hayne’s 12 recommendations to the regulator. ...
Financial planning
The Institute of Public Accountants has made a direct call for accountants to be re-enabled to have ‘broader and deeper holistic conversations’ with clients....
Financial planning
The Independent Advisers Association of Australia has urged the Australian Securities and Investments Commission to act on the views of the Royal Commission by reviewing ...
Financial planning
The Association of Financial Advisers has claimed the Royal Commission failed to hit what it was aiming at and, instead, has impacted small financial advisers and mortgag...
Financial planning
An end to grandfathered commissions in 2021 has proved the final straw for many financial planners who were still debating their future in the industry, according to prel...
Financial planning
Building on comments from Royal Commissioner Kenneth Hayne on the importance of financial counselling financing, the Government has announced a review of the funding of t...
Life/Risk
One of the companies adversely referenced in the Royal Commission, Freedom Insurance Group, has entered a trading halt on the Australian Securities Exchange pending an an...
Financial planning
The Federal Government has committed to a timetable to ending grandfathering and to entertaining life/risk commissions being further reduced....
Policy & Regulation
Industry superannuation funds have welcomed the Royal Commission’s final report, but financial planning groups are concerned about the outcome for their members....
Policy & Regulation
The Australian Prudential Regulation Authority has been advised to conduct supervision of remuneration systems and review its current standards and guidance on the matter...
Financial planning
The Royal Commission has recommended the deduction of any advice fee other than intra-fund advice from a MySuper account be prohibited, while their deduction from choice ...
Financial planning
Many of the problems identified by the Royal Commission stemmed from a revenue at all costs approach which sublimated the needs of the client, according to an assessment ...
Financial planning
New research has pointed to financial planners seeing themselves as being more comfortable as asset allocators rather than stock-pickers and leaning towards goals-based a...
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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...