Government acknowledges FPA concerns on general advice as consumer risks eased by “employee only” rule

From

The Financial Planning Association of Australia (FPA) has welcomed the Government’s amended restrictions to the general advice exemption under FoFA. The Corporations Amendment (Streamlining of Future of Financial Advice) Bill

continue reading

Key findings of the 2013 Investment Trends Planning and Advice Applications Report

From

XPLAN is the top rated Australian planning application for 2013 and AdviserNETgain is the top rated Hybrid planning/platform application. FOFA development has been completed and software vendors are now focusing

continue reading

FPA leads with pragmatic, positive FoFA recommendations to Treasury

From

The Financial Planning Association (FPA) has submitted its recommendations to Treasury outlining positive measures to ensure that the Future of Financial Advice (FoFA) legislation is drafted in the best interests

continue reading

General advice exemption not relevant to financial advisers

From

The Association of Financial Advisers (AFA) refutes recent reports that the general advice exemption proposed under the Future of Financial Advice (FoFA) amendments will mean that conflicted remuneration will be

continue reading

FoFA Amendments: Take the blinkers off

From

What’s really good for consumers? AFA CEO Brad Fox says it is time for financial services commentators to take the blinkers off and focus on what is really good for

continue reading

Facts on FoFA amendments reveal empty product rhetoric and political posturing

From

Rhetoric and unnecessary scare mongering are clouding the facts about proposed amendments to the best interest duty component of the Future of Financial Advice (FoFA) legislation. “Australian consumers have nothing

continue reading

AFA welcomes release of draft FoFA amendments

From

The Association of Financial Advisers (AFA) welcomes the release yesterday of draft amendments to the Future of Financial Advice (FOFA) legislation for public consultation. AFA CEO, Brad Fox said, “We

continue reading

Year in Review 2013 and Year to Come 2014

From

Reflecting on 2013 Connect Financial Service Brokers (Connect) CEO Paul Tynan has described the marketplace as one that has been filled with shifting dynamics that will be the source of

continue reading

Tips to turn your Fee Disclosure Statement into a must have marketing tool

From

Research recently released by Wealth Insights showed that Fee Disclosure Statements are causing advisers more angst than any other aspect of FOFA. Around half of advisers surveyed for the 2013

continue reading

Are Fees making you Freeze?

From

FOFA has certainly created a whirlwind of turbulence and many advisors are facing the reality of implementing the changes that this legislation has prescribed. Charging fees has been one of

continue reading