FOFA compliance

Editorial

The Australian Securities and Investments Commission review of Mortgage Broker Remuneration is reminiscent of the findings which gave rise to the Future of Financial Advi...

Financial planning

ASIC provides updated guidance on FOFA

ASIC has provided updated guidance on FOFA, best interest duty, and record keeping obligations for licensees and authorised representatives in its RG175....

Policy & Regulation

ASIC prosecutes on best interests duty

ASIC has initiated its first ever action relating to alleged breaches of the FOFA best interests duty....

Features

What’s the cost of bedding down FOFA? – Adviser Sentiment Part 2

Financial planners talk about what the costs of implementing FOFA have been for their practices even as they contemplate the next suite of changes stemming from tinkering...

Financial planning

FOFA compliance requires more staff

A financial planning group has had to employ additional staff to comply with FOFA but its principal questions whether the benefits justify the costs....