financial advice

Life/Risk

Synchron accuses FSC of misrepresenting churn figures

Dealer group Synchron has accused life insurance companies and the Financial Services Council of deeming all discontinued life policies as churn, and presenting figures a...

Editorial

The trouble with industry super funds

There are several reasons why many financial planners avoid recommending industry super funds. Cameron Darrow outlines a few....

Policy & Regulation

FOFA lobbying intensifies

Financial planning industry awaits announcements from Financial Services Minister, Bill Shorten, while lobbying around FOFA amendments intensifies....

Policy & Regulation

FOFA and MySuper cannot be considered in isolation

The Financial Services Council has warned against the Government considering FOFA, MySuper and the Productivity Commission review in isolation....

Policy & Regulation

ISN's David Whiteley backs flexible implementation of FOFA

The Federal Opposition has warned of Parliamentary force on FOFA changes, while the ISN's David Whiteley has backed the flexible implementation of FOFA....

Life/Risk

Policy proposals to combat insurance churn

Different policy proposals are being suggested by the insurance industry to combat churn, but they have not been universally accepted. Who should be responsible for effor...

Life/Risk

Risk insurance defies gravity

The risk insurance industry has defied all odds and continued to experience strong growth amid economic uncertainty. However, that is not to say the sector has managed to...

Policy & Regulation

Industry laments PJC's FOFA failure

The financial services industry has turned its attention to the parliamentary independents in the wake of the failure of the PJC reviewing the FOFA bills....

Policy & Regulation

Shape of FOFA bills in hands of independents

The divide between Government and Coalition members of the PJC reviewing the FOFA bills means their fate resides with the independents....

Editorial

Challenges ahead for financial services

The Australian financial services industry is facing some serious challenges through 2012 – something which Financial Services Council chief executive John Brogden pointe...

Policy & Regulation

PJC fails to agree on FOFA

Coalition dissents on Parliamentary Joint Committee's FOFA report and argues for the abandoning of financial advice opt-in and for changes to best interests....

Financial planning

Accountants urge SMSF advice ability

The Institute of Public Accountants wants a post-FOFA regime allowing accountants to provide general financial advice, including around SMSF establishment....

Policy & Regulation

Where are the Greens on FOFA?

Observers attending the parliamentary committees reviewing the FOFA bills are concerned at the absence of the Australian Greens....

Policy & Regulation

FPA asks for a one-year transition on FOFA

The Financial Planning Association has asked the Government to allow a one-year transition timeframe for the implementation of the Future of Financial Advice reforms....

Editorial

Who picks up the costs of rushing FOFA?

If Bill Shorten did not already have enough reason to announce appropriate transition periods for the implementation of FOFA and the Stronger Super legislation, he might ...