financial advice

Financial planning

Financial planners more willing to recommend industry super funds

New research reveals growing numbers of financial planners willing to recommend industry super funds, while NAB/MLC emerge as top brand....

Policy & Regulation

FOFA bills fail to meet financial advice objectives - FPA

The FPA has warned the Parliamentary Joint Committee the FOFA bills, as drafted, will fail to meet the objectives of better and more accessible financial advice....

Policy & Regulation

NAB/MLC warning on high cost of FOFA fee disclosure

NAB/MLC have warned that FOFA fee disclosure proposals will add millions to the financial advice process....

Policy & Regulation

FOFA fails on group remuneration

The FOFA changes have failed to provide an appropriate model for fees to be charged for services provided on a group basis, significantly disadvantaging those assisting c...

Financial planning

All eyes on FOFA

With widespread industry concern surrounding the proposed changes, all eyes remain firmly locked on the progress of the FOFA reforms as we move into 2012 and ever-closer ...

Financial planning

Guardian Advice makes risk part of its business

Having completed a rebranding and a strategic repositioning, Guardian Advice enters 2012 with an ambitious plan to expand its financial adviser base over the next three y...

Policy & Regulation

ANZ warns of FOFA timetable risks

ANZ urges the Government to reconsider its FOFA timetable and an alignment with MySuper....

Financial planning

HUB24 picks up two more dealer groups

HUB24, the investment and superannuation platform business of Investorfirst, has added two more dealer groups to its client list....

Financial planning

Paying for financial advice from superannuation fees urged

Many superannuation fund members will not engage in financial advice unless it is paid for from super administration fees....

Financial planning

Scaled financial advice key to ANZ growth

The provision of scaled and limited financial advice, particularly over the phone, will be a key value proposition in attracting both financial advisers and clients to AN...

Funds management

Former iShares boss launches ETF consultancy firm

Former co-head of iShares Tim Bradbury has launched ETF Consulting, a specialist exchange traded fund (ETF) consulting and training firm targeting financial advisers, ins...

Policy & Regulation

ASIC's FOFA guidance timeline looks to 1 July, 2012

ASIC will release regulatory guidance on FOFA reforms in time for a 1 July 2012 implementation date - if the bills pass parliament in time....

Financial planning

Shorten gets mega-portfolio

Bill Shorten has been delivered a mega-portfolio by being elevated to Cabinet as Minister for Workplace Relations while retaining responsibility for both financial servic...

Policy & Regulation

FOFA effectively shortens opt-in

The Government needs to significantly amend arrangements around the fee disclosure requirements contained in the FOFA legislation to eliminate anticipated fees, and finan...

Policy & Regulation

Key accounting bodies back FOFA's opt-in arrangements

Australia's three major accounting bodies have backed the two-year opt-in arrangements contained in the Government's Future of Financial Advice arrangements, describing t...