future of financial advice

Financial planning

Financial planners look to licensee support in 'unprecedented' time: BT

In a time of unprecedented regulatory change and market upheaval facing financial advisers, financial services licensees are going to have to adapt along with advisers to...

Policy & Regulation

FOFA passes Senate

The Government's Future of Financial Advice (FOFA) bills have passed the Senate, moving the hard compliance date back to 1 July 2013....

Superannuation

Comparing SMSFs with industry and retail superannuation funds

Industry experts believe proposed legislation and a new licensing regime will give way to like-for-like cost comparisons between SMSFs, industry and retail superannuation...

Editorial

Federal Budget changes compound superannuation confusion

The dust has well and truly settled on the Federal Budget but, as Liz Westover writes, the Government needs to accept that its actions have served to confuse Australians ...

Policy & Regulation

ASIC confirms involvement in 11th-hour FOFA deal

ASIC confirms it was consulted in negotiations involving the Financial Planning Association around last minute-changes to FOFA....

Superannuation

Govt urged to delay MySuper implementation

The same timing problems which impacted FOFA are now impacting MySuper....

Editorial

Removing the accountants' exemption

The industry is still waiting on an announcement from the Government following the decision to remove the accountants' exemption on providing advice on SMSFs as part of F...

Editorial

FOFA - the devil will be in the detail

Until the final wording of the Future of Financial Advice legislation is released, it is impossible to assess what the opt-in agreements have actually achieved for financ...

Funds management

TAL's Nathan Kerr named Money Management's BDM of the Year

TAL Limited's Nathan Kerr’s understanding of his client base and the undying commitment to the industry that earned him this year’s Money Management BDM of the Year title...

Funds management

Franklin Templeton cuts fees to target retail

Franklin Templeton Investments has adjusted the fee structure on its balanced equity offering as it looks to target retail investors....

Financial planning

Financial Services Council deems compensation scheme inappropriate

The Financial Services Council has supported the view of Richard St John that a last resort compensation scheme would be 'inappropriate and counterproductive' for the fin...

Superannuation

Superannuation funds lagging on rollover changes

The ATO has been warned some superannuation funds will struggle to be ready to meet changes in rollover requirements....

Financial planning

Weak supply boosting valuations: Prendeville

Financial planning practice valuations have returned to three times recurring revenue as weak supply fails to meet demand, according to Forte Asset Solutions director Ste...

Financial planning

Sales and social media 'bigger than FOFA'

Direct sales of financial products and the use of social media for business purposes have grown to become bigger factors than FOFA for financial advisory practices, accor...

Policy & Regulation

FOFA forces financial adviser behaviour change

A desire among financial advisers to be seen by their clients as having ultimate control over their portfolios is accelerating a drive towards core and satellite strategy...