financial planning

Financial planning

The FSI final report recommendations has singled out life/risk commissions for particular attention, urging a level commissions approach....

Financial planning

FPA disappointed by Medcraft comments

FPA chief executive, Mark Rantall, has expressed disappointment that the ASIC chairman’s comments impacted the entire profession....

Financial planning

Regulatory objectivity vital

Much as a judge or magistrate has a duty to stay impartial when hearing matters which come before their courts, so too does a Commonwealth regulator....

Financial planning

Lobbying did not stall adviser education standards: ASIC

ASIC has vehemently denied being swayed by lobbying groups to suspend its adviser competency push. ...

Superannuation

SMSF set-up fears unjustified

SPAA’s Graeme Colley claims ATO data does not support suggestions young people are rushing to set up SMSFs....

Policy & Regulation

Cormann points to more FOFA refinements

Minister for Finance, Senator Mathias Cormann, declares the Government is still working to agree more “non-contentious” FOFA refinements....

Superannuation

Best interest duty urged for banks, AMP on super

Industry fund chief executive wants banks and AMP to abide by a best interest duty when providing super via employers....

Financial planning

Educational qualifications a late addition to adviser register

Both educational qualifications and professional association membership will be later additions to the Government’s financial planner register....

Editorial

FOFA now a totem Labor issue

The Australian Labor Party has now made it clear that FOFA is a totem policy issue and that it will not be relenting in resisting any Government changes. ...

Financial planning

Accept FOFA as it stands, for now

The major financial planning groups and companies are continuing to lobby for FOFA changes, but planners are being urged to accept the law as it currently stands....

Financial planning

Labor wants planners to take ‘financial services oath’

Financial planners are being urged to take a ‘financial services oath’ to uphold integrity in the profession, by the Australian Labor Party....

Policy & Regulation

FOFA horse trading deterring consumers at their cost

The back and forth nature of the Future of Financial Advice (FOFA) amendments are likely to cause consumers to put off seeking financial planning advice costing them abou...