financial advice industry

Financial planning

Adviser registry to provide cost-efficient transparency

The Government's proposed registry of financial advisers will provide transparency without the costs associated with regulation the Minister for Finance and acting Deputy...

Editorial

Compensation beyond PI

With a third of FOS determinations going unpaid the efficacy of Professional Indemnity insurance as a compensation mechanism is under question and, as Mike Taylor reports...

Policy & Regulation

Labor ‘insultingly stupid’ on FOFA: Hockey

Claims that the Government should tighten its legislation regulating the financial advice industry have been dismissed as “insultingly stupid”, by the Federal Treasurer, ...

Financial planning

Unlikely allies unite to rebuff FSC proposal

The FSC’s call for an industry-funded advisory board has drawn scorn from two of finance industry’s most vocal bodies....

Policy & Regulation

Labor pleas for FOFA legislation to be delayed

Legislation enshrining the Government’s FOFA reforms should be delayed until after the FSI’s final report is issued, Labor believes....

Financial planning

Mandatory ethics training proposed for planners

Ethics classes for financial planners should be fundamental to the new education standards, with self-regulation a near impossible benchmark for the profession, two indus...

Financial planning

Comm Bank backs US-style planner register

The Commonwealth Bank has used its second FSI submission to back a US-style approach to the implementation of a natioanl register of financial planners....

Financial planning

Benefits and challenges of AFSL ownership

Learn about the pros and cons of owning AFSL and weighs them up against becoming an authorised representative of a larger licensee...

Editorial

Changing strategies to meet evolving needs

The financial planning industry has undergone some momentous changes in the last few years and it’s critical the planners respond to the changing environment at the same ...

Financial planning

ASIC cancels eight AFS licences

ASIC has cancelled eight Australian Financial Services licences, after its review of licensees who failed to lodge audited annual statements....

Policy & Regulation

Moves by the Federal Government to introduce an enhanced register of financial advisers are being backed by the FPA and FSC....

Policy & Regulation

PUP support ensures FOFA reform regulations stand

Support from the Palmer United Party has ensured a move by the Australian Labor Party to disallow the Government’s Future of Financial Advice regulations failed in the Se...

Financial planning

Planning - the most heavily scrutinised sector

The further Senate Commmittee process initiated by the Federal Opposition will simply be another in a long list starting in 2009....

Policy & Regulation

Opportunism driving Labor on FOFA - Cormann

Finance Minister, Mathias Cormann, claims the Opposition’s efforts to create a further Senate inquiry into the planning industry is political opportunism at work....

Life/Risk

The forgotten impact of skyrocketing insurance claims

Skyrocketing life insurance claims have been grabbing headlines for some time now, but the impact on advisers – and the input of lawyers – has largely gone unreported, Cr...