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FINANCIAL ADVICE
Editorial
It has become self-evident that either directly or indirectly, opt-in is going to drive up the cost of financial advice for many Australian consumers, writes Mike Taylor....
Financial planning
CFS has revamped its FirstChoice Wholesale platform to offer fees lower than industry funds....
Financial planning
Paragem has five more practices in the process of securing their own AFSL, which it says further supports its view that financial reforms will suit the independent financ...
Editorial
Mike Taylor writes that the recent Industry Super Network-commissioned surveys about opt-in only serve to distract attention from the reality of the changes: they will in...
Editorial
Mike Taylor reports that the former chief justice of the High Court, Sir Anthony Mason, has pointed to the legislative challenges facing the Government in delivering an e...
Financial planning
The Government has been told it established AUSTRAC for its own purposes and that it, not the industry, should foot the bill....
Financial planning
Sentiment among Australian financial advisers appears to be recovering from the initial negativity generated by the Government’s announcement of the Future of Finan...
Financial planning
The regulators should ensure that non-institutionally aligned dealer groups remain competitive so that advice is not dominated by the banks and industry funds, according ...
Financial planning
Financial advice issues are still a significant factors in complaints handled by the Financial Ombudsman Service....
Editorial
With the Gillard Government believed certain to impose client 'opt in' arrangements on financial planners, Mike Taylor writes that some serious questions are being asked ...
Policy & Regulation
Academic claims ASIC got fiduciary duty wrong and really meant ‘best interests’....
Financial planning
Former High Court judge and patron of the SPAA, Sir Anthony Mason, believes intra-fund advice should be subject to the same fiduciary duty obligations as full advice....
Financial planning
Superannuation funds find it difficult to communicate with members on an opt-in basis....
Financial planning
The FPA has described recent comments from sections of the trade union superannuation movement advocating an opt-in payment structure for financial advice as ‘alarm...
Financial planning
A Money Management survey has suggested the cost of opt-in will not be cheap and it will be carried by clients....
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...