financial advisers

Financial planning

Mortgage broking less risky than advice sector

MFAA claims mortgage brokers have not been through any major scandals as a result of lower levels of risk and the application of higher professional standards...

Policy & Regulation

Labor’s FOFA block defeated

Plans to disallow significant portions of the Government’s FOFA reforms have been blocked by the Senate....

Financial planning

ASIC has power on planner education: Cormann

ASIC has the power to move to lift planner education standards, according to Finance Minister, Mathias Cormann....

Financial planning

Advice about more than product selection

AMP chief executive, Craig Meller says self-interested parties are seeking to dumb down advice to just product selection....

Financial planning

Adviser registry to provide cost-efficient transparency

The Government's proposed registry of financial advisers will provide transparency without the costs associated with regulation the Minister for Finance and acting Deputy...

Editorial

Selling confidence in advisers

Restoring confidence in the financial advice profession has become a catch cry for institutions recently, but the reality of the proposal is still a way off, Amelia Const...

Superannuation

Associations should set CPD standards: SPAA

Professional associations should take over setting CPD standards if adviser standards are to improve, SPAA argued. ...

Financial planning

ASIC open to sharing powers but with only one industry body

The corporate regulator states a co-regulatory model could work for financial advisers but says it is cost-effective and ethically practical to only work with one profess...

Financial planning

Queensland adviser banned

A Rockhampton-based financial adviser has been banned from working in the financial services industry for five years....

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

Tablet bankers more engaged with products and services

Consumers who bank via a tablet are more engaged with their bank and access more products according to research undertaken by ING Direct....

Financial planning

Planners, SMSFs on ASIC radar

ASIC chairman, Greg Medcraft, confirms planners and SMSFs are on ASIC’s radar over the next 12 months....

Financial planning

Instos should be prohibited from provided self-serving education

Financial institutions should be prohibited from providing any form of adviser education to avoid perpetuating current business models which have promoted sales over advi...