FUTURE OF FINANCIAL ADVICE

Policy & Regulation

Debate over the Government’s FOFA amendments has distracted Australians from focusing on the real purpose of financial advice, the AFA believes....

Financial planning

Improved performances across a range of metrics are giving financial planners reasons to be optimistic according to the latest Investment Trends Planner Business Model Re...

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Superannuation

ISA claims it supports non-conflicted financial planning advice and its position on non-conflicted superannuation puts it on the same side of popular opinion...

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Policy & Regulation

Changes to FOFA amendments agreed between the Government and PUP will act as levers against a planner in a dispute with a client....

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Policy & Regulation

The ALP will not be forgetting FOFA and will look to reimplement its model when it returns to government....

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Editorial

Mike Taylor writes that the drive for higher educational standards for financial planners has served to regenerate criticism of those people who were grandfathered into t...

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Financial planning

AFA members will have to abide by six new principles of professionalism, which are set to form a critical part of the AFA’s revised Code of Conduct....

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Policy & Regulation

The Australian Prudential Regulation Authority has refused to conede that the Government’s FOFA changes will generate more risk....

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Policy & Regulation

Coverage of the Commonwealth Bank planning saga has clients believing the events happened “yesterday”, placing increasing pressure on advisers to justify their value prop...

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Editorial

Mike Taylor writes that the financial planning industry must lobby the Palmer United Party to defend hard-won FOFA gains. ...

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Financial planning

Infighting within the financial services sector could let down a generation of investors, a leading business consultant believes....

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Financial planning

The FSI’s call for clarity on potential vertical integration conflicts could see moves towards parent-company transparency in the aligned advice space, Synchron director ...

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Funds management

Managed account operators set to face increased competition as mainstream platform providers integrate increase their capabilities in this space...

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Policy & Regulation

Senior Treasury officials deny the Treasury has endorsed ISA-sponsored Rice Warner research on FOFA implications....

Policy & Regulation

AIOFP has called on the Federal Government to reintroduce an ownership disclosure regime and for the equal prosecution of executives who have overseen poor advice....

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MARKET INSIGHTS

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Never miss the latest news and developments in wealth management industry

Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

1 week ago
Jason Warlond

Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...

1 week ago
Jasmin Jakupovic

How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...

1 week 1 day 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 2 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 ago

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

9 months 2 weeks ago