FOFA

Financial planning

FPA hopes for ‘enshrinement’ bill this week

The FPA hopes the Government will introduce legislation to the Parliament this week enshrining the term ‘financial planner/adviser’....

Financial planning

Planners wait and see on codes

New research reveals high degree of indecision on codes of conduct and opt-in....

Editorial

Can Gen X and Y investors save margin lending?

The last year has not been kind to the Australian margin lending market, with further declines in the number of active investors. But a potential rally in the equities ma...

Financial planning

Planners failing to seek client feedback

Eight-five per cent of financial planning practices do not formally ask their clients for feedback, according to Business Health director Terry Bell....

Financial planning

Financial planning salary survey 2013 - making a good job of it

Will the renewed optimism in the financial services industry bring on more jobs and higher salaries? What can financial planners hope for in terms of career opportunities...

Financial planning

Business development lost in FOFA compliance

Advisers are focused on compliance in the lead-up to the FOFA deadline at the expense of marketing and business development, says The Advice Exchange....

Accounting

IPA benefits from APES 230 approach

Accountants unhappy with constraints imposed by APES 230 are looking to a less fettered IPA....

Financial planning

FPSA signs up with Encore

Financial Planning Services Australia (FPSA) has engaged consultative firm The Encore Group to drive business growth and FOFA (Future of Financial Advice) readiness....

Financial planning

Platforms reduce spending by $30 million

Lingering legislative uncertainty around FOFA has led investment platforms to reduce spending by $30 million in 2012, according to a new report by Investment Trends....

Financial planning

FOFA a prerequisite for professionalism – Kell

ASIC Commissioner Peter Kell suggests embracing the purpose of FOFA is necessary for planning to become a profession....

Editorial

Bad advice is just bad advice

It would seem that in the mind of the Minister for Financial Services, Bill Shorten, accountants need to shoulder none of the responsibility for investors being burned by...

Financial planning

ASIC paper ‘ahead of the curve’: IMAP

The Institute of Managed Account Providers (IMAP) chair Toby Potter says the regulator’s proposed guidance on managed discretionary accounts (MDAs) recognises their impor...

Financial planning

Finding the efficiencies to add value to your financial planning practice

Financial advisers can add value to their clients’ and their own businesses by capitalising on doing the things humans do best – and automating or eliminating the rest, s...

Funds management

ASIC puts MDAs under review

Managed discretionary accounts (MDAs), which allow advisers to run direct equities portfolios for their clients, are under review by the Australian Securities and Investm...