SOA

Financial planning

The chair of the Parliamentary Joint Committee on Corporations and Financial Services, Senator Grant Chapman, has indicated it may re-examine the issue of risk product di...

Financial planning

FSR countdown – your questions answered

Q: Under Financial Services Reform (FSR), what is the scope of advice we can provide during an initial client meeting before a Statement of Advice (SOA) is provided? My u...

Financial planning

No short cuts on the road to adequate risk disclosure

Jennifer Smith explains the ‘what was’ and ‘what will be’ of discussing risk with clients....

Financial planning

Associations march on Canberra

Pressure is mounting on the Federal Government to amend elements of the Financial Services Reform Act (FSRA) following the unprecedented pooling of industry lobbying powe...

Financial planning

BFPPG fights Govt for FSRA changes

The Boutique Financial Planning Principals Group (BFPPG) is lobbying Government for changes to aspects of the Australian Financial Services Reform Act (FSRA) which it arg...

Financial planning

ASIC releases disclosure and conduct guidelines

The Australian Securities and Investments Commission (ASIC) has released details of how it will administer conduct and disclosure requirements for financial planners unde...

Financial planning

Industry launches ‘plain English’ guides for investors

A "plain English" guide on the Statement of Advice (SOA) and a model Financial Services Guide (FSG) have been released by a consortium of industry groups to assist member...

Financial planning

ASIC pushes for all cards on the table

FINANCIAL Planners could be forced to show in Product Disclosure Statements (PDSs) all the fees and commissions they receive from selling funds management products under ...

Financial planning

Why the fixation with product related advice?

In my last article I discussed the role of the financial planner and how the Financial Services Reform Bill (FSRB) does not equate advice with financial planning....