FOFA

Financial planning

The ownership of financial planners by product manufacturers creates one of the main barriers to improving the quality of advice in Australia, according to ASIC....

Policy & Regulation

The FPA's Mark Rantall has told a Money Management roundtable that asset-based fees should not act as an impediment to ASIC providing class-order relief from opt-in....

Editorial

Direct insurance is on the rise. Peter Smith discusses the ways in which financial advisers can adapt and stay relevant....

Financial planning

The FPA has outlined to members the outcome of the FOFA changes and has urged industry unity despite last week's controversial issues....

Policy & Regulation

The FPA's code of conduct will not be the only approach considered by ASIC, with the Association of Financial Advisers's principles of practice also ready for implementat...

Policy & Regulation

Strongly divergent views have emerged from Australia's major financial planning organisations in the wake of the FOFA bills, while the Opposition has made a policy commit...

Policy & Regulation

Following Minister for Financial Services and Superannuation Bill Shorten's announcement regarding a watering-down of opt-in requirements yesterday, ANZ was still prepari...

Policy & Regulation

FOFA bills containing key opt-in amendments pass House of Representatives....

Policy & Regulation

The Minister for Financial Services, Bill Shorten has flagged eventual moves towards issues contained in document purported to be agreement between FPA and ISN....

Policy & Regulation

The Association of Financial Advisers urges Bill Shorten to become involved in FOFA discussion rather than allowing Industry Super Network to act as an intermediary....

Policy & Regulation

With the mandatory start date of the FOFA reforms deferred to 1 July 2013, dealer groups will have more time to develop a scaled advice offering that works for them, a te...

Editorial

Financial planners should strongly welcome the delayed implementation of FOFA because shortly after its introduction will be the next Federal Election....

Financial planning

The Coalition has expressed disbelief the FPA may have done a deal with the ISN conceding opt-in in exchange for other concessions including enshrining the term “financia...

Policy & Regulation

A document has circulated purporting to show an agreement between the Financial Planning Association and Industry Super Network involving a trade-off, conceding opt-in ag...

Policy & Regulation

Those who argue opt-in is unnecessary fail to understand the nature of proposed FOFA reforms, according to Sydney University academic Joanna Bird....

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