FOFA

Policy & Regulation

FOFA passes, but confusion over enshrining 'financial planner'

The Government’s Future of Financial Advice (FOFA) legislation passed through the Senate yesterday, but there seems to be some confusion over whether the terms 'financial...

Policy & Regulation

FOFA passes Senate

The Government's Future of Financial Advice (FOFA) bills have passed the Senate, moving the hard compliance date back to 1 July 2013....

Editorial

FOFA concessions may have an expiry date

Mike Taylor writes that the Federal Opposition has signalled some of the so-called ‘concessions’ extracted around the passage of the FOFA bills may not have a life beyond...

Policy & Regulation

Key FOFA 'concession' in question

The Federal Opposition has signalled it remains to be convinced about either introducing or supporting legislation which would restrict the use of the terms 'financial pl...

Superannuation

Comparing SMSFs with industry and retail superannuation funds

Industry experts believe proposed legislation and a new licensing regime will give way to like-for-like cost comparisons between SMSFs, industry and retail superannuation...

Financial planning

Product providers want better portfolio administration solutions

Product providers are turning to software solutions to help them get new investment products to the market ahead of legislative changes, according to Bravura Solutions he...

Financial planning

Financial planning organisations - what do you think?

Money Management is seeking readers' views on some of the organisations representing financial planners....

Financial planning

Capstone enhances financial advice platform

Financial planning licensee Capstone has announced further enhancements to its XPLAN advice technology platform to deal with FOFA changes....

Financial planning

Financial planning industry wants answers on intrafund advice

Confusion appears to be the outcome of the Government's failure to answer questions about the provision of intrafund advice in the latest tranche of Stronger Super draft ...

Financial planning

Madisons selects Morningstar for research

Madison Financial Group has selected Morningstar Australasia as its investment research provider....

Editorial

Federal Budget changes compound superannuation confusion

The dust has well and truly settled on the Federal Budget but, as Liz Westover writes, the Government needs to accept that its actions have served to confuse Australians ...

Policy & Regulation

ASIC confirms involvement in 11th-hour FOFA deal

ASIC confirms it was consulted in negotiations involving the Financial Planning Association around last minute-changes to FOFA....

Editorial

The price of a financial planning principal's allegiance

Is any sensible financial planning principal capable of resisting the offer of up to $1 million to change dealer groups and/or corporate allegiance?...

Accounting

Treasury signals future of accountants' exemption

Treasury officials tell Senate Committee accountants will be moved into FOFA world....

Financial planning

Broadening job description could blur planner responsibilities

The proliferation of professional "hats" an adviser or an accountant has to wear simultaneously when giving advice is going to confuse planners and accountants in the wid...