Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Financial Planning

Advisers to review privacy compliance

LAURA MILLAN  |  WEDNESDAY, 19 FEB 2014
Advisers have until March 12, 2014, to ensure their privacy compliance measures meet new privacy principles.

FPA puts TASA back in the agenda

LAURA MILLAN  |  WEDNESDAY, 19 FEB 2014
The Financial Planning Association (FPA) is putting the Tax Agent Services Act (TASA) 2009 back on the advisers' agenda ahead of the implementation in July 1, 2014.

ASIC enhances whistleblower communication

LAURA MILLAN  |  WEDNESDAY, 19 FEB 2014
The Australian Securities and Investments Commission (ASIC) is taking steps to improve whistleblower communication and protection, one of the main concerns that prompted the Senate inquiry into the regulator's performance.

Consumers safe under FoFA changes: former judge

MARK SMITH  |  WEDNESDAY, 19 FEB 2014
The best interests of consumers are not under threat from the Government's proposed changes to the Future of Financial Advice Reforms (FoFA), according to former High Court judge and SMSF Professionals' Association of Australia (SPAA) patron Sir Anthony ...

Advice riskiest ASIC sector

LAURA MILLAN  |  WEDNESDAY, 19 FEB 2014
The Australian Securities and Investments Commission (ASIC) chairman Greg Medcraft said that in his own view, the regulator still regards financial advice "as the riskiest sector" ASIC regulates.

Sinodinos holds strong on FoFA regs despite legal concerns

LAURA MILLAN  |  TUESDAY, 18 FEB 2014
Assistant Treasurer Arthur Sinodinos remained resolute about his plan to introduce the amendments to the Future of Financial Advice (FoFA) via regulations "to the extent legally possible," despite some industry opposition.

Praemium launches SMSF functionality

STAFF WRITER  |  TUESDAY, 18 FEB 2014
Praemium is set to launch its self-managed superannuation fund (SMSF) functionality after beginning a beta trial in mid-2013.

FoFA reform brings general advice into the spotlight

LAURA MILLAN  |  MONDAY, 17 FEB 2014
The proposed amendment to Future of Financial Advice (FoFA) that exempts general advisers from conflicted remuneration could see a return to commissions according to the Opposition, despite some industry bodies arguing that these claims are "misconceived."

Aged care likely to cost more after July 1

LAURA MILLAN  |  MONDAY, 17 FEB 2014
Aged care is likely to get more expensive from July 1, 2014, with the introduction of legislation that will calculate fees through assets and income, rather than income alone.

Lawyer questions legality of FoFA amendments

JAMES FERNYHOUGH  |  MONDAY, 17 FEB 2014
The government's proposed amendments to the Future of Financial Advice (FoFA) reforms could be deemed legally "invalid" and "susceptible to challenge in the courts" if they are pushed through via regulatory change rather than legislation, law firm Arnold ...