financial advice

Financial planning

Financial advice issues are still a significant factors in complaints handled by the Financial Ombudsman Service....

Editorial

Paying the high price of financial planning 'opt in'

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

ASIC’s FOFA approach ‘sub-optimal’

Academic claims ASIC got fiduciary duty wrong and really meant ‘best interests’....

Financial planning

Intra-fund advice should not be exempt

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

ASFA submission supports difficulty of opt-in

Superannuation funds find it difficult to communicate with members on an opt-in basis....

Financial planning

FPA ‘tired’ of industry fund opt-in agenda

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

Opt-in will come at a cost to clients

A Money Management survey has suggested the cost of opt-in will not be cheap and it will be carried by clients....

Financial planning

FchFP to become pathway to university

The Association of Financial Advisers (AFA) has announced a plan that will see its Fellow Chartered Financial Practitioner (FchFP) designation positioned into a pathway t...

Financial planning

Advisers will pay price for fiduciary duty reforms

The consequences of breaching fiduciary duty under the Government’s Future of Financial Advice (FOFA) reforms could be much steeper than first thought, with the pos...

Financial planning

Opt in costs 'negligible', says ISN

Industry Super Network uses more research to pressure Govt on annual opt in....

Financial planning

Macquarie extends Mercer investment research contract

Macquarie Banking and Financial Services Group (MBFSG) has reappointed Mercer to provide investment research and consulting services for the next three years....

Superannuation

Super fund advice on par

Expanded intra-fund advice would not compromise the quality of financial advice Australians receive because it is governed by the same rules and regulations as other advi...

Financial planning

FSC proposes alternative to opt in

The FSC has proposed a three-year renewal framework, which would allow consumers to opt out and cease payments at any time, as an alternative to the opt in proposals....

Financial planning

Industry funds pressure Govt on opt in

The Industry Super Network has commissioned a poll it claims proves its point on annual opt in....

Policy & Regulation

Extend FOFA beyond financial planning: FSU

The principles of the Future of Financial Advice (FOFA) reforms should be extended across a broader range of financial services roles and products, and not just stop at f...