AFA

Financial planning

AFA and FPA question details of FSC policy

Both the AFA and FPA have questioned the three-year clawback period outlined in the FSC's new life insurance sales policy. ...

Life/Risk

FSC announces new insurance framework

Financial Services Council chief executive John Brogden has announced a new life insurance sales policy revolving around the clawback of commissions if a policy lapses in...

Financial planning

Codes of conduct spark debate

ASIC said it is currently unable to provide clarity on some key licensee concerns....

Policy & Regulation

Questions raised on ASIC's FOFA approach

Some question the background of key ASIC personnel handling FOFA regulatory development....

Financial planning

Codes to achieve same outcomes as opt-in

Professional codes of conduct that meet approval in terms of obviating the need for financial advisers to comply with opt-in will need to achieve the same outcomes as opt...

Financial planning

Life/risk churn not systemic, claims AFA

The Association of Financial Advisers has warned against going too far to address churn when it is not systemic, and only a few advisers are guilty....

Policy & Regulation

AFA to establish FOFA implementation group

Association of Financial Advisers looks to take facilitative approach on implementation of the Future of Financial Advice regulations....

Financial planning

Financial advisers to self-regulate national exam

ASIC will soon hold discussions with the financial planning industry about the potential for setting up a self-regulatory organisation which would develop and administer ...

Policy & Regulation

AFA identifies FOFA best interests gap

The Association of Financial Advisers has urged a uniform 1 July, 2013 FOFA start date as another legal anomaly has been identified....

Financial planning

Matthew Rowe's letter to Financial Planning Association members

The chairman of the Financial Planning Association, Matthew Rowe, recently sent an email to all members of the FPA accusing certain sections of the trade media of "select...

Editorial

FOFA concessions may have an expiry date

Mike Taylor writes that the Federal Opposition has signalled some of the so-called ‘concessions’ extracted around the passage of the FOFA bills may not have a life beyond...

Financial planning

ASIC recruits from within financial planning industry

ASIC has confirmed it has increased its efforts to better understand the inner workings of the financial planning industry by recruiting from within the sector....

Policy & Regulation

Mathias Cormann pays tribute to AFA and reiterates FOFA opposition

Opposition Financial Services spokesman Mathias Cormann has paid credit to the Association of Financial Advisers's role in FOFA negotiations and reiterated his opposition...

Editorial

FOFA - signed, sealed ... delivered?

With the FOFA, Stronger Super and MySuper reforms finally taking shape, the financial services industry has a clearer picture of what the future holds, writes Chris Kenne...

Financial planning

Financial advisers need to get 'back to business'

Financial advisers must better communicate the message of Australia's strong financials and get back to the business of providing quality education and understanding to c...