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FOFA
Editorial
With regulatory change shining a spotlight on fees, platform providers are under increased pressure to justify their value. Perhaps innovation is the key to retaining adv...
Policy & Regulation
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...
Policy & Regulation
Debate over the Government’s FOFA amendments has distracted Australians from focusing on the real purpose of financial advice, the AFA believes....
Superannuation
Superannuation fund claims vertical integration is stifling competition and the Government’s changes to FOFA have not helped....
Policy & Regulation
Deloitte argues that FOFA taken together with other initiatives suggests the regulatory pendulum has swung too far....
Life/Risk
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....
Financial planning
Non-aligned advisers are using technology to build referral networks and outsourcing non-specialist work....
Financial planning
Australian financial planners use less sophisticated software than US and UK counterparts and have focused on FOFA compliance instead of business efficiency....
Financial planning
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....
Financial planning
A senior and experienced cohort of financial planners are choosing to move away from expensive platforms. ...
Financial planning
Westpac has rejected separately labelling institutionally-aligned financial planners, stating FOFA is an appropriate standard for all advisers....
Financial planning
Financial services business broker claims things have changed and some baby boomer planners should consider their exit strategy....
Financial planning
Consumer advocate group CHOICE has called for more stringency around financial advice conflicts of interest, such as asset-based fees....
Financial planning
Consumer advocate group CHOICE has called for more stringency around financial advice conflicts of interest, such as asset-based fees. ...
Policy & Regulation
Chan and Naylor’s David Hasib claims conflicted remuneration is still a problem for the planning industry with too many noses in the trough....
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MARKET INSIGHTS
Podcast
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...