Financial Planning Bill Shorten extends FOFA implementation to July 1, 2013. The Government will extend the implementation of the Future of Financial Advice changes until 1 July, 2013. Read more from Money Management. Read more from Money Management Advice industry supports FOFA grace period. Financial advice and wealth management participants have lauded the federal government's decision to postpone compliance with its reform package to 1 July 2013, but said they planned to continue pushing to win other changes to the draft laws. Read more from Investor Daily Superannuation More super education needed. Superannuation funds and financial advisers can play a greater role in educating members, especially those members who are in the pre-retirement stage or retired, research by CoreData has found. Read more from Investor Daily SMSF strategies need closer scrutiny. The investment strategies of self-managed superannuation funds (SMSF) should be examined more closely by the regulator, according to a sector expert. Read more from Investor Daily Regulatory Watchdog eyes the choices platforms make. The Australian Securities and Investments Commission (ASIC) will review its regulatory approach to investment platforms as part of broader efforts to promote investor confidence in the sector. Read more from Professional Planner Disclosure requirements under industry scrutiny. The Australian Institute of Superannuation Trustees has queried aspects of the Financial Services Council's new policy requirements on corporate governance. Read more from Financial Standard Funds management Retail trumps wholesale in managed funds. Unitised wholesale funds have dropped 9.3% over the year against a 5.1% decline in retail funds under management, on the back of nervous investors and volatile markets. Read more from Financial Standard ESG funds hold their own. Environmental, social and governance (ESG)-based managed funds are holding their own despite the current volatile market conditions, and may emerge at an advantage as a result of the Government's carbon tax policy. Read more from Money Management Investments Investment FUM nears $1.4 trillion. The Australian sourced investment management market climbed 1.9% during the December 2011 quarter to $1.370 trillion, Rainmaker has revealed in its latest Roundup report. Read more from Financial Standard Genetics not education drives investor behaviour. Genetic predisposition rather than lack of knowledge or financial education is the biggest hurdle confronting super fund trustees, wealth managers and financial advisers trying to help fund members and investors make better investment decisions, reveals new research. Read more from Financial Standard Accounting Accountants cautious on financial planning alignments. The independence of accountants who align their businesses with financial planning dealer groups could be called into question, according to RSM Bird Cameron principal Peter Nicol. Read more from Money Management Accountants key to more SMSF life sales. Life advisers should be building strategic relationships with accountants to win more self-managed superannuation fund (SMSF) business. Read more from Insurance News Insurance Life insurance market should welcome regulatory changes: PwC. The upcoming Australian Prudential Regulation Authority (APRA) standards for life insurance companies should be welcomed by the industry as an opportunity to embed better practices, according to PricewaterhouseCoopers partner Scott Fergusson. Read more from Money Management Australia competitive on life premiums. Australian life insurers are offering competitive premium rates compared to the rest of the world, and premiums are often cheaper through advisers, according to a study released by Clearview Wealth Limited. Read more from Money Management Markets Market pulse key to investment health. Australia’s GFC fall was less severe than most and its recovery has been more tangible, but markets still require skill and a finger on the pulse, writes Alan Shields. Read more from Professional Planner Unloved stock market faces resistance. Australia's stock market was undervalued, but valuations were not going to catch up with fundamentals anytime soon, thanks to obstacles facing the market's main sectors, Russell Investments' head of strategy said. Read more from Investor Daily