Corporate super specialists ask Treasury for FoFA exemptionBY JAMES FERNYHOUGH | FRIDAY, 7 JUN 2013 12:20PMThe Corporate Super Specialists Alliance is in talks with Treasury after the Australian Securities and Investments Commission (ASIC ) refused to grant a no-action letter to corporate super specialists. |
Editor's Choice
Another MWL adviser banned over Shield collapse
ASIC has banned another MWL Financial adviser Nicole Niu from providing financial services, controlling an entity that carries on a financial services business or performing any function involved in the carrying on of a financial services business for a period of five years.
Warakirri, LongView launch home equity strategy
Warakirri Asset Management and LongView are partnering to bring a new shared equity co-investment fund exclusively to wholesale investors seeking access to Australia's residential property market.
Swedish PE giant sweetens offer bid for Perpetual
EQT AB has sweetened its offer bid for Perpetual, after the financial services firm rejected the unsolicited takeover bid from the Swedish private equity giant earlier in the month.
Igneo opens private infrastructure strategy to advised investors
Igneo Infrastructure Partners has launched its first private infrastructure fund for advised and wholesale investors in Australia.
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Blake Briggs
CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL
FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.
The CSSA's website states that it endorses the Financial Planning Association (FPA's) six principles for financial planner remuneration. Given that the FPA are on board w/ the FoFA provisions, where does this leave this Association's claim for special treatment?
And, what breath-taking arrogance to suggest that only his organisation has the skill, expertise and knowledge to "fill the gaps in the market that FoFA will create". There are plenty of expert advisers that could very capably meet this requirements, and who's business models are FoFA ready and compliant.