financial advice

Financial planning

Pre-existing volume rebates to be grandfathered

The Financial Services Council has confirmed transitional arrangements on volume rebates involving the grandfathering of those existing before 30 June, 2012....

Superannuation

Super members expect cheaper advice

There is a massive disconnect between the demand for financial advice among super fund members and their willingness to pay for it, according to Investment Trends researc...

Policy & Regulation

FPA to outline FOFA concerns

The FPA has outlined concerns about opt-in provisions and insurance bans within super outlined in the Government's Future of Financial Advice reforms....

Superannuation

Govt bans super risk commissions, imposes two year opt-in

The Federal Government’s Future of Financial Advice reforms have banned all risk commissions in super and volume rebates at the same time as imposing a two-year opt-in on...

Financial planning

Adviser liability remains a concern: FPA

Issues surrounding adviser liability remain a concern and will be discussed during the next phase of Government consultation regarding investor compensation, according to...

Financial planning

NIA opposes legislating 'financial planner'

The National Institute of Accountants (NIA) has opposed moves from financial planning bodies to have the use of the terms 'financial planner' and 'financial adviser' rest...

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...

Policy & Regulation

FOFA reforms threaten smaller players

The Federal Government's Future of Financial Advice (FOFA) changes carry with them the genuine risk of benefiting the big banks, institutions and industry funds at the ex...

Financial planning

AMP Horizons prepared for new education framework

With the Government promising to increase education requirements for financial planners through its Future of Financial Advice (FOFA) reforms package, the AMP Horizons Ac...

Financial planning

Planners warned about 'churn'

Suncorp chief executive warns of negative consumer impact of 'churn'....

Policy & Regulation

FOFA ineffective without better policing

Shadforth Financial Group chief executive Tony Fenning believes the implementation of the Future of Financial Advice (FOFA) reforms is likely to entail a lot of work with...

Policy & Regulation

FOFA a "time bomb"

The Government's Future of Financial Advice reforms may actually be a time bomb, according to Synchron's independent chair Michael Harrison....

Financial planning

AFA calls for unified advice rules

The Association of Financial Advisers (AFA) has reiterated its calls for a level playing field for all who provide financial advice to retail clients - including the indu...

People & Products

Russell appoints head of advice centre

Russell Investments has announced the appointment of a head of its Advice Centre, which the company said signalled its commitment to the delivery of limited advice....

Editorial

ASIC wasting time and resources

ASIC, hard-pressed for funding and resources, has embarked on a costly exercise aimed at determining the quality of retirement advice at a time when the underlying rules ...