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FOFA
Financial planning
The directors and trustees of investment companies carry far less regulatory onus than financial planners, according to Centrepoint Alliance....
Financial planning
Law firm Maurice Blackburn has issued a warning on the Macquarie client compensation processes and the dangers of vertically integrated advice....
Financial planning
Potential mis-selling and poor advice are likely in the forestry managed investment scheme sector if amendments to FOFA are allowed to proceed, according to Industry Supe...
Financial planning
A statutory compensation scheme for victims of financial adviser misconduct would force well-managed licensees to bail out those who failed in their obligations according...
Financial planning
The FSC has told a Parliamentary Committee that ASIC needs to get more proactive in pursuing enforcement when planning breaches occur....
Financial planning
The AIST has called on the Government to draw a distinction between bank aligned and independent financial planners....
Editorial
The financial planning industry was simply outcampaigned on FOFA and must now look to play a longer and more strategic game....
Editorial
The retirement of Matthew Rowe after two terms as chairman of the FPA represents the closing of a chapter in the organisation’s continuing evolution. ...
Financial planning
Advisers are expected to exit institutions en masse in 2015, with the product-heavy vertically integrated model facing an “adapt or die” future under the new advice regim...
Financial planning
The FSI final report recommendations has singled out life/risk commissions for particular attention, urging a level commissions approach....
Policy & Regulation
The FSI final report has placed stockbrokers squarely in the regulatory cross-hairs....
Financial planning
FPA chief executive, Mark Rantall, has expressed disappointment that the ASIC chairman’s comments impacted the entire profession....
Policy & Regulation
Most financial planners believe they will have to increase the fees they charge clients as a result of the Future of Financial Advice (FOFA) reforms, a new survey reveals...
Policy & Regulation
Minister for Finance, Senator Mathias Cormann, declares the Government is still working to agree more “non-contentious” FOFA refinements....
Life/Risk
Poor advice relating to life insurance is a systemic issue and not epithet work of a few rogues, according to ASIC....
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Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...