FOFA

Funds management

Major fund manager, Platinum Asset Management has called on the Royal Commission to further scrutinise platform shelf-space fees and problematic relationships between pla...

Financial planning

Going forward, financial planners must move to a model of radical transparency in order to retain clients and remain relevant....

Expert Analysis

Bernie Ripoll writes that the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry may represent a once-in-a-lifetime opportuni...

Financial planning

The Australian Securities and Investments Commission has told the Productivity Commission that grandfathered commissions should be brought to an end as soon as possible....

Financial planning

The Financial Planning Association has repeated its call for a three-year phase-out of grandfathered commissions but has suggested solutions to ensure client benefit....

Financial planning

New data confirms that the loss of grandfathered commissions hardly compares with the impact of planners losing life/risk commissions....

Financial planning

Advisers are the victims not the villains where trailing commissions are concerned with product manufacturers and licensees much more to blame for today’s problems, accor...

Financial planning

The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has been told that regulatory reform to financial planning is a work i...

Financial planning

The Consumer Action Law Centre has urged extending the Future of Financial Advice conflicted remuneration rules to the mortgage broking industry....

Financial planning

The existing financial planning dealer group model is under significant pressure and struggling to remain relevant, according to ClearView managing director, Simon Swanso...

Financial planning

The Productivity Commission chairman, Peter Harris, has claimed the Future of Financial Advice increased market concentration while suggesting planners should be allowed ...

Financial planning

The Association of Financial Advisers has called for clarity in the penalty regime covering financial planning in circumstances where it appears to have evolved to become...

Funds management

The Future of Financial Advice changes helped double the number of licensed investment companies but some are guilty of imposing higher base and performance fees, accord...

Funds management

The introduction of FOFA reforms and the ban on commissions from fund managers to advisers have spurred ETF growth....

Financial planning

The Financial Planning Association claims the FOFA general advice exemptions are being misused and with consumers being placed at risk the time has come for the carve-out...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

4 weeks ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 3 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

2 weeks 6 days ago