financial advice reforms

Financial planning

FOFA reforms: are financial planners the biggest losers?

Money Management recently hosted a roundtable about the effects of the Government’s proposed Future of Financial Advice reforms. The key concern of those present wa...

Editorial

Going back to the basics of financial planning

As the Government considers the way forward on the Future of Financial Advice reforms, Money Management publishes the following open letter written by a senior Melbourne ...

Financial planning

Year-end tax strategies: talking tax with clients

Tax is an integral part of a client's financial affairs - particularly in relation to superannuation - so financial advisers need to regularly discuss it with clients. Ja...

Editorial

Refining the financial services reforms

In its pre-Budget submission to the Federal Government, the Financial Planning Association called on the Government to implement a range of initiatives to support the cur...

Financial planning

ASIC unilaterally urges against asset-based fees

Concerns have been raised about ASIC appearing to unilaterally urge consumers away from asset-based fees....

Accounting

NIA members vote to become Public Accountants

National Institute of Accountants members vote overwhelmingly to change names and embrace 'Public Accountant' designation....

Life/Risk

Insurance advice 'different'

Treasury looks at different rules for insurance and investment advice....

Editorial

Scoped advice equals better value financial advice

Scott Machin explains how scoped advice is bringing financial advice within the reach of all Australians....

Financial planning

Glimmer of hope for volume rebates

Some volume rebates may survive the Federal Government’s Future of Financial Advice reforms....

Policy & Regulation

NIA launches FOFA assistance for members

The National Institute of Accountants (NIA) has launched an assistance program focused on the proposed Future of Financial Advice reforms, which the association says will...

Editorial

FOFA: Preparing for change

Stewart Bell looks at the proposed Future of Financial Advice reforms and the changes they have already brought to the industry....

Financial planning

Wealth builder practice picked up by ipac

Gold Coast financial planning practice Wealth Vision has achieved much of what the Future of Financial Advice reforms are designed to achieve: greater access to affordabl...

Financial planning

Overdue consultation paper causes concern

The Federal Treasury appears to have left open the question of a statutory compensation scheme covering financial planners, with a review due for completion in January st...

Superannuation

Advisers may be pressured to provide retiree strategies

The Government has stopped short of imposing retirement solutions stemming from super, although it may place pressure on advisers to address the risks retirees face in th...

Financial planning

MLC launches preparation course for planners

MLC has launched a new program called Pathway to Advice Excellence to help prospective financial planners start out in the industry....