government

Financial planning

Is FOFA the next step in the evolution of financial advice?

Bryan Ashenden tries to find a resemblance between the changes FOFA will bring to the financial advice industry and Charles Darwin’s Theory of Evolution....

Financial planning

Financial advice amendments sought for MySuper

The Corporate Superannuation Specialists Association has cited research backing its concerns around the provision of financial advice in MySuper funds....

Policy & Regulation

Intra-fund advice no panacea in FOFA fallout

The Financial Services Council has warned the PJC that FOFA will fail in its core objective - making financial advice more affordable....

Policy & Regulation

FPA laments confusing FOFA process

The FPA has expressed concern at the FOFA process and how certain decisions such as those imposing fee disclosure and opt-in were made....

Policy & Regulation

FOFA amendments needed on scaled advice

Amendments are needed to the Government's Future of Financial Advice (FOFA) legislation to enable financial advisers to appropriately deliver scaled advice, according to ...

Superannuation

Opposition wants MySuper amended ahead of Productivity Commission

The Federal Opposition says the Productivity Commission's review of default funds under modern awards need not take all year and that the MySuper legislation should be am...

Policy & Regulation

Mathias Cormann urges FOFA delay

The Federal Opposition urges financial services stakeholders to fully reveal FOFA flaws to this week's PJC hearings while, at the same time, calling for a substantial del...

Financial planning

Superannuation contribution caps unfair to women

Contribution caps help widen the gender gap in retirement savings as they do not allow women to catch up with their superannuation after career breaks such as maternity l...

Financial planning

Superannuation contribution caps unfair to women

Contribution caps help widen the gender gap in retirement savings as they do not allow women to catch up with their superannuation after career breaks such as maternity l...

Policy & Regulation

Legal test looms if FOFA unchanged

The underlying legality of the Government's Future of Financial Advice (FOFA) changes will almost certainly be tested in the event the legislation passes the Parliament w...

Superannuation

A chance to make superannuation look super

Pauline Vamos believes it is time for the rebranding of the superannuation industry. ...

Editorial

Does Bill Shorten's promotion come at the expense of objectivity?

Bill Shorten's mega-portfolio combining workplace relations with financial services will create a complex dynamic if the Government is to act appropriately on any Product...

Editorial

Facing the truth about FOFA

If the parliamentarians involved in the Parliamentary Joint Committee reviewing the FOFA bills put aside their political affiliations then they will back some key amendme...

Financial planning

'Phoenixing Bill' too tame on financial planners?

While industry bodies support the Government's proposed regulatory amendments to accelerate the wind-up of so-called 'phoenix' companies and claim the issue is not a majo...