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The AFA is not surprised by the report of the Parliamentary Committee on the FOFA amendments but wants the line held on product advice....
INDUSTRY NEWS
Cormann says Senate Committee report will influence the shape of the Government’s ultimate FOFA changes....
INDUSTRY NEWS
Finance Minister, Senator Mathias Cormann claims critics of the Government’s FOFA changes have fallen short on offering viable alternatives....
INDUSTRY NEWS
High wealth individuals are using complex business arrangements and trusts to minimise their tax liabilities, an Australian National Audit Office report reveals....
INDUSTRY NEWS
Industry Super Australia (ISA) has reiterated its view that Future of Financial Advise (FOFA) reforms should be given time to deliver benefits to consumers before new cha...
INDUSTRY NEWS
ASIC executive claims consumer misunderstandings were exploited for the benefit of financial services providers....
INDUSTRY NEWS
Lawyers representing the Financial Services Council have asked the FWC president, Justice Iain Ross, to clarify his intentions on the expert panel selecting default funds...
INDUSTRY NEWS
The Minister for Finance, Seantor Mathias Cormann claims vindication on the back of the FOFA findings of the ABC Fact Checking unit....
INDUSTRY NEWS
Claims that the Federal Government’s proposed changes to the Future of Financial Advice (FOFA) reforms could cost retirees’ their life-savings are 'scaremongering’, accor...
INDUSTRY NEWS
The controversial Federal Court dispute between the Financial Services Council (FSC) and the Fair Work Commission (FWC) may be defused by a letter from FWC president, Jus...
INDUSTRY NEWS
Claims that the major banks are seeking the reintroduction sales commissions for financial advices and compulsory super, are misleading the Australian Bankers’ Associatio...
INDUSTRY NEWS
High income earners will look for “clever ways” to avoid being hit by the Federal Government’s new 'repair levy’, a tax expert believes. ...
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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...