financial advice

Policy & Regulation

Financial planning industry vigilant on FOFA bill timing

The financial planning industry is remaining vigilant despite Government assurances on FOFA bills' debate timing....

Policy & Regulation

Government moves to debate FOFA bill ahead of PJC report

The Opposition will seek the support of the Independents to prevent the Government debating FOFA ahead of the PJC findings....

Financial planning

Why scaled financial advice is a game changer

Scaled financial advice will be the driving force for member engagement in 2012, writes Jye Tucker....

Policy & Regulation

FOFA's unintended consequence on superannuation advice

FOFA's approach to financial advice delivered by superannuation funds could result in conflicting decisions on disputes in different jurisdictions....

Policy & Regulation

FOFA to trigger 35,000 job losses, says Richard Klipin

As many as 35,000 people in the financial advice industry will lose their jobs if the proposed FOFA reforms go ahead without amendment, according to the Association of Fi...

Editorial

Why income protection is behind the times

Many definitions within life insurance have been subject to drastic changes as time rolled past. However, Col Fullagar notes income-protection cover definition is one of ...

Financial planning

FPA joins push on tax deductibility

The Financial Planning Association (FPA) has joined the push for the Government to make advice fees tax deductible while continuing to press its case for the restricted u...

Financial planning

Retrospective fee disclosure no surprise, says CHOICE

CHOICE chair Jenni Mack has dismissed claims by the Opposition that the imposition of an annual fee disclosure statement came as a complete surprise to the industry....

Policy & Regulation

Material differences between FOFA policy and delivery

ASFA has pointed to "material differences" between what the Government has promised on FOFA and what is contained in its draft legislation....

Financial planning

Retrospective fee disclosure no surprise, says CHOICE

CHOICE chair Jenni Mack has dismissed claims by the Opposition that the imposition of an annual fee disclosure statement came as a complete surprise to the industry....

Financial planning

FOFA to drive online technology demand, says Provisio

Provisio has forecast that the demand for online financial advice technologies is set to surge as the industry grapples with ways to lower the cost of delivering advice i...

Superannuation

ASFA wants longer implementation on MySuper

ASFA is arguing that superannuation funds need more time to accommodate the changes flowing from MySuper....

Financial planning

Make financial advice deductible in May Budget, say accountants

The Institute of Chartered Accountants has urged the Government to move on the deductibility of financial advice in the May Budget....

Policy & Regulation

Embrace PJC's FOFA evidence, says AFA

The Association of Financial Advisers (AFA) believes the weight of evidence presented to the PJC is enough to get FOFA back on track....

Policy & Regulation

Quality financial advice will need to trump quantity after FOFA

The servicing of A and B clients will dominate and financial planners will be kidding themselves if they believe they can adequately service unduly large client books in ...