future of financial advice

Expert Analysis

Collaboration needed for future financial advice

As numerous studies and roundtables have failed to find a successful financial advice model, collaboration between stakeholders could be the solution, writes Neil Macdona...

Features

InFocus: Volume rebates are long gone so who gets the money now?

Mike Taylor writes that with the few remaining grandfathered remuneration arrangements coming to an end, a different regime has already evolved with the ultimate cost bei...

Financial planning

Financial services industry had too much influence over Liberals

NSW Liberal Senator, Andrew Bragg, has stated his belief the financial services industry had too much influence over Liberal Party policy and that the Coalition was wrong...

Financial planning

Advisers should not be tainted by stamping fees

Advisers should not be tainted by media reports that they are using stamping fees as a remuneration loophole, according to the Association of Financial Advisers. ...

Financial planning

Intra-fund advice has created advice unfairness

A West Australian adviser has told the Federal Treasury that industry funds have been allowed to hide behind intra-fund advice and to create an environment that favours o...

Financial planning

Free up scoped, scaled and episodic advice says AMP

At the same time as it seeks to reshape and rebuild its advice business, AMP Limited has called on a Government panel to consider changes which would make it easier to ac...

Financial planning

Intrafund advice simply not enough says FPA

The benefits of comprehensive financial advice significantly outweigh those delivered by intra-fund advice and this should be recognised within the Retirement Income Syst...

Financial planning

Should ASIC allow advisers flexibility on 12-month opt-in?

Amid concern and confusion around how the Australian Securities and Investments Commission yearly opt-in and fee disclosure will work, adviser groups are urging flexibili...

Features

InFocus: Asset-based fees – utilitarian or inappropriate?

Mike Taylor writes that while the critics of asset-based fees paint them as being as inappropriate as commissions, the commercial evidence suggests their use fills an imp...

Financial planning

New push to reinstate Accountant’s Exemption

The Institute of Public Accountants has emerged at the head of a new push to reinstate the Accountants’ Exemption....

Financial planning

12-monthly opt-in back on the legislative agenda

Advisers have been urged to be mindful of the Treasurer, Josh Frydenberg’s move to impose 12-monthly opt-in and fee disclosure arrangements....

Financial planning

Count’s 60% revenue challenge a pointer to industry pain

The degree of commercial pain being felt by financial planning dealer groups has been laid bare in the documentation surrounding the CountPlus acquisition of Count Financ...

Superannuation

Suncorp to defend class action over fees

Conflicted fees are once again a hot legal topic, with Suncorp being hit with a class action in the New South Wales Supreme Court over superannuation commissions paid to ...

Financial planning

Adviser Ratings seeks to crowd fund growth

Adviser Ratings, the firm that grew out of the Future of Financial Advice and the consumer movement, is now seeking to crowd-fund its growth initiatives....

Funds management

RC should act against platform shelf-space fees

Major fund manager, Platinum Asset Management has called on the Royal Commission to further scrutinise platform shelf-space fees and problematic relationships between pla...