FOFA

Financial planning

Grandfathering may divide advice industry

Grandfathering has the potential to split the ranks of financial planners into two camps. ...

Editorial

Given the manner in which the financial planning and accounting communities have been pushed even more closely together by FOFA and TASA, it is worth reflecting upon the ...

Superannuation

The real cost of SMSF licensing for accountants

A choice of licensing options now faces accountants who want to handle SMSF business, so it’s important for them and advisers that they make the appropriate choice, write...

Editorial

FPA/Cbus deal signals a new approach for planning industry

Mike Taylor writes that the FPA’s referral arrangement with big industry fund Cbus represents yet another indicator that, having lost the war prosecuted by the industry f...

Financial planning

Planning group appoints expert after ASIC visit

Boutique planning group Anne Street Partners complies with ASIC requirement and moves to exit legacy mortgage fund....

Editorial

Is a ‘Son of Wallis’ review of financial services looming?

A close reading of the submissions so far lodged with the Senate Committee investigating the operations of ASIC suggests the newly-elected Abbott Government will be right...

Editorial

ASIC set to crackdown on financial planner payments

There are suggestions that ASIC may have concerns about “transition” and “retention” payments made to financial planning principals, and as Mike Taylor reports, perceptio...

Financial planning

BT Select ramps up planning push

BT Select points to new growth objective backed by increased resourcing of member practices....

Financial planning

ASIC made aware of sign-on bonuses

ASIC is aware of the payment of sign-on bonuses but has yet to signal any specific action. ...

Superannuation

Intra-fund fees should be negotiable: CSSA

Corporate super specialists have been the most negatively affected by the Future of Financial Advice (FOFA) reforms due largely to a misunderstanding about the services t...

Financial planning

City-slick with a rural tick

Financial planners in regional Australia share many of the challenges faced by those in metropolitan areas, writes Jason Spits, but technology has helped overcome the tyr...

Accounting

APESB warns on ‘lesser quality’ IPA standard

APESB deputy chairman reminds all accounting bodies of the expectation they will adopt and implement APESB standards....

Financial planning

Dealer groups turning away planners

Dealer group heads deny playing a numbers game and admit to turning away some planners....

Financial planning

ASIC to launch FOFA implementation project

The financial services regulator will observe a number of selected licensees in their FOFA implementation over the next few months with the goal of identifying areas wher...

Life/Risk

ASIC announces major surveillance of risk advice

ASIC deputy chairman Peter Kell has used his speech at the AFA national conference to announce major surveillance of retail advice with respect to life insurance. ...