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...

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

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

Deloitte argues that FOFA taken together with other initiatives suggests the regulatory pendulum has swung too far....

The insurance industry has been allowed to “morph” itself into a financial advice profession blind-sided by hidden agendas, according to accounting firm, Chan and Naylor....

Non-aligned advisers are using technology to build referral networks and outsourcing non-specialist work....

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

The Commonwealth Bank has used its second FSI submission to back a US-style approach to the implementation of a natioanl register of financial planners....

A senior and experienced cohort of financial planners are choosing to move away from expensive platforms. ...

Westpac has rejected separately labelling institutionally-aligned financial planners, stating FOFA is an appropriate standard for all advisers....

Financial services business broker claims things have changed and some baby boomer planners should consider their exit strategy....

Consumer advocate group CHOICE has called for more stringency around financial advice conflicts of interest, such as asset-based fees....

Consumer advocate group CHOICE has called for more stringency around financial advice conflicts of interest, such as asset-based fees. ...

Chan and Naylor’s David Hasib claims conflicted remuneration is still a problem for the planning industry with too many noses in the trough....