financial advice

Financial planning

Clients attracted to transparent flat fees for advice

Advisers urged to charge clients flat fees instead of claiming commissions, to avoid conflicts of interest. ...

Policy & Regulation

Bowen 'scaremongering’ on FOFA reforms: ABC

Claims that the Federal Government’s proposed changes to the Future of Financial Advice (FOFA) reforms could cost retirees’ their life-savings are 'scaremongering’, accor...

Financial planning

Cormann warns on one size fits all

The Minister for Finance and acting Assistant Treasurer, Senator Mathias Cormann has cautioned against a one size fits all approach to the advice regulatory settings....

Financial planning

Advice costs rise 33% post-FOFA

The FSC claims the cost of providing financial advice has risen 33 per cent post-FOFA and the Government’s amendments will reduce this by a third....

Financial planning

AFA clarifies view on general advice

The AFA has restated its wariness about the general advice exemption at a Senate hearing. ...

Financial planning

Commissions to cost consumers $7.5b: report

Consumers face additional fees and charges of up to $530 million a year if the Federal Government backs proposals to reintroduce commissions, a report from Rice Warner re...

Financial planning

ISA’s Whiteley attacks banks on advice

ISA chief executive, David Whiteley, has accused the major banks of lobbying for the return of sale commissions for financial advice....

Financial planning

Momentum grows on separating product from advice

The FPA signals a 10-point plan which would see product-related advice subject to regulation and salespeople precluded from being called financial planners/advisers....

Financial planning

Adviser approval hits high among Aussies

Australian clients are the most satisfied with their advisers in Asia, and come second in all major global markets, Legg Mason research showed....

Financial planning

FPA uses Comm FP troubles to prosecute case

FPA uses Comm FP’s continuing troubles to restate case for separating product from advice....

Financial planning

Roadshow takes managed accounts to planners

The Institute of Managed Account Providers will be telling planners about their options in a national roadshow starting in June. ...

Financial planning

IOOF acquires SFG Australia

IOOF managing director Chris Kelaher says it will be business as usual for SFGA clients following acquisition....

Editorial

The centrality of good financial advice

When Money Management’s sister publication, Super Review, conducted a Post-Retirement and Ageing Forum in Sydney, it served to underline why the superannuation sector nee...