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FOFA reforms as they stand push affordable advice further out of reach without addressing consumer protection, academic says. ...
INDUSTRY NEWS
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...
INDUSTRY NEWS
The disallowance of the Future of Financial Advice amendments may hurt consumers who will not be able to access scaled advice and may be forced to change to less suitable...
INDUSTRY NEWS
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...
INDUSTRY NEWS
The Federal Opposition has voted down the amendments to FOFA after protracted debate and procedural wrangling which occupied most of yesterday’s sitting time....
INDUSTRY NEWS
The FPA has urged a facilitative approach from ASIC as planners seek to comply with the Senate imposed FOFA reversal....
INDUSTRY NEWS
Efforts to pass a motion in the Federal Senate to disallow FOFA amendments have stalled for the time being after the Federal Government blocked a vote on the motion....
INDUSTRY NEWS
The FPA has denounced efforts in the Senate to disallow amendments to FOFA predicting changes will automatically place advisers in breach of the law....
INDUSTRY NEWS
The Federal Opposition will push to disallow the FOFA amendments in the Senate after Labor Senator Sam Dastyari stated it had secured the numbers to win a vote on the mat...
INDUSTRY NEWS
A plan to end the “too big to fail” mentality across the banking world would see “systemically important” banks banned from drawing on taxpayer subsidies when their risks...
INDUSTRY NEWS
Australian taxpayers who voluntarily disclose their offshore income and assets under Project DO IT will not face a ‘red flag’....
INDUSTRY NEWS
The ATO has reminded Australians to declare undisclosed offshore income and assets as part of Project DO IT....
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The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...