FOFA

Financial planning

The Government has established a framework that would allow fiduciary duty to be circumvented by some financial planners, according to the Boutique Financial Planning Pri...

Policy & Regulation

FOFA erodes practice values

Radar Results points to 10 per cent decline in some practice values since FOFA announcement....

Financial planning

Matrix scotches sale report

Matrix Planning Solutions strongly denies report it is looking for a buyer ahead of FOFA changes....

Policy & Regulation

FOFA rhetoric doesn't match strategy: AFA

The original intent of the Government's Future of Financial Advice (FOFA) reforms was to create enhanced transparency and better outcomes for investors, but this rhetoric...

Financial planning

New Finsia chief focuses on membership

New Finsia head Russell Thomas has identified a renewed focus on the organisation's membership as a key priority as he starts his term as chief executive and managing dir...

Financial planning

One-stop-shop model returns

A leading financial planning spokesperson has said that the Future of Financial Advice (FOFA) reforms will push wealth management groups into the old 'one-stop-shop' busi...

Policy & Regulation

Planners reject FOFA

More than 90 per cent of financial planners responding to a Money Management survey believe that the Government's current Future of Financial Advice (FOFA) changes will h...

Editorial

What's next for a cashed up ASIC?

ASIC did not receive more funding from last Tuesday's Budget but it can expect to do so in years to come as it takes on more responsibility for delivering and overseeing ...

Editorial

FOFA delivers a reality check

With the Government having released its FOFA proposals, Rick Cosier writes that financial planners have fallen victim to a range of blatant misconceptions that need to be...

Financial planning

Platforms to offer help with opt-in

Platform providers will have an ideal opportunity to manage and run the opt-in requirement on behalf of financial planners, once the Government's Future of Financial Advi...

Financial planning

Mixed reaction to Budget

Financial services delivers mixed response to Budget measures....

Policy & Regulation

Russell program to help advisers through FOFA

Russell Investments has launched a practice management program that aims to help Australian advisers enhance their advice model and increase practice revenue....

Policy & Regulation

Midwinter changes software in response to FOFA

Midwinter has made a range of changes to its Client Manager and Reasonable Basis software in response to the Government's recently announced FOFA reforms....

Financial planning

Melbourne planner tells Shorten of opt-in impact

The managing director of a small Melbourne financial planning practice has written a letter to Financial Services Minister Bill Shorten, outlining the devastating effect ...

Financial planning

Commissions ban to shake risk market

A survey of life risk advisers has confirmed the Government's Future of Financial Advice (FOFA) changes to commissions within superannuation will have a significant impac...