FOFA

Financial planning

Government's ISN favouritism draws criticism

The Federal Government needs to start treating the Industry Super Network (ISN) and other elements of Industry Fund Services as what they really are - elements of a verti...

Policy & Regulation

FOFA's stockbroking commission ban ill-considered

A ban on stockbroking commissions proposed in the Government's Future of Financial Advice (FOFA) reform package will be detrimental for the industry and have unintended c...

Financial planning

Why financial planners have dived into platforms

As managed fund inflows struggle to return to pre-GFC levels, share trading and direct investments became increasingly popular with retail investors over the past couple ...

Financial planning

Global jitters highlight value of advice: AFA

The current global financial jitters highlight the value of financial advice, as clients lean on advisers to guide them through difficult times, according to Association ...

People & Products

GBST appoints Frolich to its wealth management team

Financial services technology provider, GBST, has appointed Nick Frolich to its wealth management business....

Policy & Regulation

Lack of comparison undermines FOFA

The Federal Treasury has admitted it has not done a complex international comparison of the Government's proposed Future of Financial Advice (FOFA) changes and experience...

Financial planning

Product manufacturers can help police bad planners

Product manufacturers should be prepared to play a role in weeding out the bad apples who give the financial planning industry a bad name, according to the chief executiv...

Policy & Regulation

Technology key to handling FOFA changes

Financial planning dealer groups will need to embrace technology driven advice models in the new post Future of Financial Advice (FOFA) world, according to the ANZ Wealth...

Financial planning

Another AXA practice joins MLC

A Sydney based financial planning practice has switched licensees from Charter to Garvan following an approach from MLC....

Policy & Regulation

CEOs want certainty over FOFA - Brogden

Wealth management chief executives have called for certainty regarding the proposed FOFA changes, according to the 2011 Financial Services Council (FSC) CEO Report....

Editorial

Building lasting client relationships

A recent study has shown that advisers see their client relationship as the primary foundation of their value proposition. Fiona Mackenzie describes the importance of a ...

Financial planning

FSC moves to reduce churn

The Financial Services Council (FSC) has moved to reduce churn in the life insurance industry via a uniform approach to commissions....

Superannuation

Industry backs Shorten concession on risk in super

The financial planning industry organisation has welcomed a signal from the Assistant Treasurer and Minister for Financial Services, Bill Shorten, that the Federal Govern...

Financial planning

Maher critical of Government inaction

The Federal Government has been taken to task for causing consumer uncertainty by taking an undue amount of time to deliver a new legislative framework covering the finan...

Policy & Regulation

FOFA legislation timing drifts further

The first draft of the legislation flowing from the Government’s proposed Future of Financial Advice (FOFA) changes is now not likely to be made available until nex...