financial advice

Financial planning

FOFA to continue dominating financial advice in 2012

The FOFA reforms well and truly dominated the financial planning industry during 2011 and the year ahead looks set to bring more of the same, writes Nicolette Rubinsztein...

Editorial

Facing the truth about FOFA

If the parliamentarians involved in the Parliamentary Joint Committee reviewing the FOFA bills put aside their political affiliations then they will back some key amendme...

Financial planning

UK clients willing to pay only AUD$230 for financial advice

An average UK consumer is willing to pay no more than AUD$230 for financial advice, according to a survey carried out by CoreData in the UK....

Financial planning

Plenty of buyer demand as financial planning practice valuations hold up

There is plenty of demand in the market for quality financial planning businesses, as well as an increasing number of enquiries from those looking to sell in preparation ...

Policy & Regulation

FOFA compliance to cost millions warns FSC

The Financial Services Council has urged an appropriate transition for FOFA, warning that compliance costs will run into the millions....

Policy & Regulation

FOFA to dent personal superannuation growth

FOFA reforms will dent the growth of the personal superannuation and allocated pension markets, but the self-managed, industry super fund and employer sponsored sectors w...

Policy & Regulation

FOFA may force bank restructures

The Australian Bankers' Association has warned that unintended consequences flowing from FOFA may force restructures within the major banks....

Policy & Regulation

MySuper must be considered with FOFA: CSSA

There is too much crossover between MySuper legislation and Future of Financial Advice (FOFA) legislation for the two to be considered separately, according to the Corpor...

Policy & Regulation

FOFA will 'decimate' industry, warns AFA

The Association of Financial Advisers has warned that consumers are the missing ingredient in FOFA legislation which risks decimating the financial planning industry....

Policy & Regulation

End FOFA carve-outs, say consumer groups

Consumer groups including Choice and the Australian Shareholders Association (ASA) have welcomed the Government's Future of Financial Advice (FOFA) bills but argue they n...

Policy & Regulation

End-investor rebate risks in FOFA bills

Vanguard Investments has warned the wording of the FOFA bills runs contrary to the best interests of end investors....

Policy & Regulation

Risk brokers resent FOFA's 'one size fits all'

The National Insurance Brokers Association has warned of unnecessary fall-out from FOFA's 'one size fits all' approach....

Financial planning

Three Storm Financial advisers banned

The Australian Securities and Investments Commission accepted enforceable undertakings from three former Storm Financial advisers in the week before Christmas....