Minister Cormann’s FoFA position a landmark victory

From

The Financial Planning Association of Australia (FPA) today congratulated Finance Minister Mathias Cormann for handing down a decisive victory in favour of all consumers who seek certainty in their dealings

continue reading

SPAA supports best interest ‘catch all’ removal, but general advice and conflicted remuneration remain a concern

From

The SMSF Professionals’ Association of Australia (SPAA) strongly supports the catch-all provisions of the best interest duty recommendations by the Senate Economics Legislation Committee. But SPAA remains concerned by its decision to

continue reading

Personal Risk Professionals joins Bombora Advice

From

Bombora Advice (Bombora) Managing Director, Wayne Handley, has announced that Queensland headquartered life risk specialist Personal Risk Professionals (PRP) has joined the boutique dealer group. PRP was established in Brisbane

continue reading

FPA welcomes Senate Committee recommendations to clarify FoFA

From

The Financial Planning Association of Australia (FPA) yesterday acknowledged the findings of the Senate Committee inquiry into a streamlined Future of Financial Advice (FoFA) Bill and welcomes recommendations clarifying that

continue reading

AFA: FoFA Amendments don’t remove but improve

From

The contents of the newly-tabled report from the Senate Economic Legislation Committee reviewing the Future of Financial Advice (FoFA) reforms are as expected, according to the Association of Financial Advisers

continue reading

Consumer continues to be unintended short term casualty in battle for advice

From

Connect Financial Service Brokers (Connect) CEO Paul Tynan has reflected on the 2014 fiscal year and the financial services sector and described the past 12 months as one of continuing

continue reading

Future of Financial Advice: FPA releases FoFA White Paper

From

The Financial Planning Association of Australia (FPA) says a relevant and professional future for financial advice in Australia must uphold and adhere to the fundamental principle of preserving the best

continue reading

Advice technology experts say ongoing regulatory debate diverts attention from client relationships

From

The creators of award-winning PractiFI says FOFA debate is holding the industry back from technological advancement The creators of an award-winning client management tool for financial advisers have said that

continue reading

FoFA run out tide exposes naked truth of product sales dressed as advice

From

The Financial Planning Association of Australia (FPA) says the gravitational pull of consumer demand cannot be ignored and will strip bare the stark difference between product sales and appropriate, consumer-centric

continue reading

Professional Adviser focus is firmly on client services and not FoFA in 2014

From

A recent survey of professional advisers has revealed that their main focus is on delivering value and services to their clients rather than waiting for FoFA to be finalised. The

continue reading