FOFA

Financial planning

ASIC has commenced proceedings against Wealth and Risk Management (WRM), and related companies Yes FP and Jeca....

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Editorial

Was the life insurance industry ever really guilty of “excessive” churn or was churn a means to a politically-motivated end?...

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Policy & Regulation

The banks-sponsored Sedgewick Retail Remuneration Review has revealed a banking sector reluctant to apply FOFA norms to mortgage brokering lest they lose market share....

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Funds management

ETMFs were growing 350 per cent faster than mFunds and the industry would double over the next 18 months but active managers should develop more ETMFs....

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Financial planning

Members of the Financial Planning Association have been granted ASIC relief from opt-in if they sign up to the FPA’s Professional Ongoing Fees Code....

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Financial planning

Sentry Group has teamed up with fintech provider, Intiger Asset Management, to provide a centralised back office administration and para planning solution to its advisers...

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Financial planning

The financial services industry had already spent $2.75 billion on implementing various regulatory changes, and should prepare to spend more on LIF, education standards, ...

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Financial planning

Dealer groups have been an integral part of the financial planning industry but do they remain relevant in a post-FOFA increasingly technological world?...

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Policy & Regulation

The current framework does not have the right balance between welcoming overseas capital and ensuring Australia's national interests are protected, AVCAL believes. ...

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Policy & Regulation

ASIC has initiated its first ever action relating to alleged breaches of the FOFA best interests duty....

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Superannuation

Prime Minister, Malcolm Turnbull, has continued to hold the line on the Government’s Budget super changes....

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Features

Financial planners talk about what the costs of implementing FOFA have been for their practices even as they contemplate the next suite of changes stemming from tinkering...

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Financial planning

The advice industry is to blame for the increased costs of stringent compliance regimes and reforms, with one planner saying “we’ve brought this on ourselves”....

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Financial planning

A financial planning group has had to employ additional staff to comply with FOFA but its principal questions whether the benefits justify the costs....

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Financial planning

Midwinter and Suitebox’s remote meeting capability now allows advisers to bring up their opt-in document electronically....

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Graeme

FWIW I am a long term holder of both. I am relaxed about my LICs trading at a discount. Part of a cycle. I would like...

41 minutes 58 seconds ago
Ross Smith

The term "The democratisation of private assets continues to gain steam" is marketing misleading. There is no democracy...

2 hours 25 minutes ago
Greg

I have passed this exam, and it is not easy or fair exam. It's no wonder that advisers are falsifying their results. ...

3 days 2 hours ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 3 weeks ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months 1 week ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 3 weeks ago