FOFA

Financial planning

Insurer ‘selective’ on D&O insurance for planning businesses

Suncorp confirms Vero is applying a ‘selective’ approach to approving directors and officers insurance to planning groups....

Life/Risk

Direct life insurance – a friend or foe of financial advisers?

We can buy everything online – clothes, shoes, cars, holidays – so it is only natural that the direct life insurance channel is becoming part of the online tsunami. How t...

Accounting

D-day looms on APES 230

This week’s APESB board meeting looms as a crucial moment in the APES 230 debate....

Policy & Regulation

Shorten expected to define grandfathering soon

Treasury officials point to looming announcement on grandfathering rules – but claim original design was too “liberal”....

Editorial

Iress posts negative full-year results

Iress has reported a 5.1 per cent decline in statutory net profit to $39.2 million in its full-year results — but its wealth management business continues to attract stro...

Editorial

Does FOFA pose Hobson’s choice?

As planners grapple with how to implement the changes flowing from the FOFA reforms, David Hasib examines the stark choices that many will have to make, including actuall...

Financial planning

Lining up clients’ financial choices with their goals

The concept of ‘values-based financial planning' fits in perfectly with spirit of the Future of Financial Advice (FOFA) reforms, according to American financial planning ...

Policy & Regulation

FOFA to remain soft-boiled until mid-2014

The implementation of the Future of Financial Advice (FOFA) reforms looks set to remain "medium soft" until 1 July 2014, according to Shadow Treasurer Mathias Cormann. ...

Financial planning

Rubik acquisition signals entrance to scaled advice market

Financial software provider Rubik Financial Limited has signed a provisional agreement to acquire Provisio Software, a provider of scaled and online advice technology to ...

Editorial

An invaluable offer of help from financial planners

It is to be hoped that the Minister for Financial Services, Bill Shorten, has noted the capacity of the financial planning industry to do good and to rally to the needs o...

Accounting

APES 230 divisions remain unbridged

The IPA has restated its intention to over-ride APES 230 while accountants remain concerned that the APESB is not moving on the issue....

Editorial

ASIC's FOFA guidance gives planners a reason to smile

ASIC's guidance on FOFA's fee disclosure requirements prompted an almost audible sigh of relief from the financial planning industry....

Financial planning

Two-tier code canvassed by AFA

AFA canvasses concept that two-tiered code of conduct with ethics and providing good advice is more important than obviating opt-in....

Financial planning

FPA launches new best practice campaign

The FPA has launched a campaign called ‘Bulletproof Financial Planning’ to promote best practice in the industry and support members through the FOFA transition....

Financial planning

Client management the key to scaled advice

Ibbotson Associates’ Matthew Esler highlights that effective client engagement not only empowers financial planners with the key to unlocking scaled advice but also ensur...