financial advice

Editorial

The concerns expressed by FOS on the renaming of “general advice” overlook the importance of creating a clear separation between advice and product sales....

Policy & Regulation

FOFA impact on adviser fees revealed

Conflicted remuneration bans have monumentally changed the way advisers make their money, with the commission model replaced by a move to fixed fees, according to the cor...

Policy & Regulation

Trust ‘absolutely critical’ to future of financial advice: AFA

Debate over the Government’s FOFA amendments has distracted Australians from focusing on the real purpose of financial advice, the AFA believes....

Financial planning

Could Ray White’s planning push create conflicts?

Ray White’s move into financial advice has sparked concerns that real estate’s commission-heavy structure could be at odds with the planning arena’s aspired professional ...

Financial planning

Millennials trust planners, but unsure about pensions

More Australian millennials trust financial service providers than those around the world, but few have seen retirement products targeted at them, an international study ...

Financial planning

Accountants deserve financial advice authority: submission

Accountants are more qualified to give financial advice than planners, largely due to their working knowledge of SMSFs, a small business owner believes....

Superannuation

Vertical integration stifling competition

Superannuation fund claims vertical integration is stifling competition and the Government’s changes to FOFA have not helped....

Financial planning

Good money management starts at home

ASIC’s proposal to include financial literacy in the education system is a good one but financial literacy has to start at home from the parents, a personal loan speciali...

Financial planning

Mortgage broking has reintroduced conflicted remuneration to advice

Integration between advice and mortgage broking has reintroduced conflicted remuneration banned under FOFA with the move labelled a ‘deliberate’ exploitation of a legisla...

Superannuation

Kinetic Super unveils intra-fund advice

Kinetic Super has announced the launch of an intra-fund advice service where members can get limited financial advice on their account. ...

Financial planning

FOS raises concerns over renaming general advice

A proposal to rename general advice as “sales” or “product information” is not an adequate solution to the problems that arise from conflicted remuneration, according to ...

Editorial

Separation the only answer

While ASIC continues to press for more powers with respect to bank management staff and product design, Mike Taylor writes that the real answer lies in successfully separ...

Financial planning

Australian advisers lag in technology use

Australian financial planners use less sophisticated software than US and UK counterparts and have focused on FOFA compliance instead of business efficiency....

Superannuation

ISA on the same side of best advice providers

ISA claims it supports non-conflicted financial planning advice and its position on non-conflicted superannuation puts it on the same side of popular opinion...

Financial planning

Labelling advice would boost transparency: Infocus

Proposals to introduce a ‘restricted advice’ label would help to bring transparency to the financial advice consumers Infocus managing director Rod Bristow believes....