RC

Financial planning

IOOF appears to have contained the fall-out from an end to grandfathering and threats to life/risk commissions because of its ‘self-employed advice model’....

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Policy & Regulation

Continuing Canberra’s moves against corporate misconduct and crime, Parliament yesterday passed legislation strengthening corporate and tax whistleblower protections....

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Financial planning

The Australian Securities and Investments Commission has signalled its intention to fully implement Commissioner Hayne’s 12 recommendations to the regulator. ...

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Financial planning

The Institute of Public Accountants has made a direct call for accountants to be re-enabled to have ‘broader and deeper holistic conversations’ with clients....

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Financial planning

The Independent Advisers Association of Australia has urged the Australian Securities and Investments Commission to act on the views of the Royal Commission by reviewing ...

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Financial planning

The Association of Financial Advisers has claimed the Royal Commission failed to hit what it was aiming at and, instead, has impacted small financial advisers and mortgag...

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Financial planning

An end to grandfathered commissions in 2021 has proved the final straw for many financial planners who were still debating their future in the industry, according to prel...

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Financial planning

Building on comments from Royal Commissioner Kenneth Hayne on the importance of financial counselling financing, the Government has announced a review of the funding of t...

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Life/Risk

One of the companies adversely referenced in the Royal Commission, Freedom Insurance Group, has entered a trading halt on the Australian Securities Exchange pending an an...

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Financial planning

The Federal Government has committed to a timetable to ending grandfathering and to entertaining life/risk commissions being further reduced....

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Policy & Regulation

Industry superannuation funds have welcomed the Royal Commission’s final report, but financial planning groups are concerned about the outcome for their members....

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Policy & Regulation

The Australian Prudential Regulation Authority has been advised to conduct supervision of remuneration systems and review its current standards and guidance on the matter...

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Financial planning

The Royal Commission has recommended the deduction of any advice fee other than intra-fund advice from a MySuper account be prohibited, while their deduction from choice ...

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Financial planning

Many of the problems identified by the Royal Commission stemmed from a revenue at all costs approach which sublimated the needs of the client, according to an assessment ...

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Financial planning

New research has pointed to financial planners seeing themselves as being more comfortable as asset allocators rather than stock-pickers and leaning towards goals-based a...

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