Financial Planning Divided industry in wake of FOFA bills. While the Financial Planning Association (FPA) welcomed what it described as "FOFA concessions delivering sensible reform", the remainder of the financial planning industry expressed its disappointment at the ultimate passage of the Government's Future of Financial Advice (FOFA) bills. Read more from Money Management Shades of grey: confusion surrounds opt-in changes. One of the country’s largest financial planning and wealth management firms says it is “a legitimate question” to ask if financial planning businesses have wasted money and time preparing to comply with opt in, if that compliance requirement can now be easily eliminated. Read more from Professional Planner Superannuation Aussies still in the dark on superannuation fund investments. Many Australians still do not understand enough about their superannuation funds, including how they're actually invested or whether they'll have enough in retirement. Read more from Money Management Super funds should refocus on fixed interest. Superannuation funds need to readjust their view of fixed interest to see its potential as a pre-retirement asset class and its complexities. Read more from Financial Standard Regulatory Regulation killing the golden goose: ASR. The federal government was in danger of regulating to death the financial services goose that had laid the golden egg, the head of Australia's peak services body said. Read more from Investor Daily Adviser litigation risks preventable. The risk of legal liabilities for financial planners was easily preventable, yet advisers were leaving themselves exposed due to a lack of record keeping, a legal expert in financial services said. Read more from Investor Daily Funds management Funds adopt a more active lifestyle. The financial landscape facing investors continues to be rocked by various factors, including a deteriorating macroeconomic outlook, challenging market conditions and a strained global financial system. Read more from Professional Planner Fee-wary investors shun market neutral sector. Market neutral funds have been the best performing sector over the past five years, but high management fees are putting Australian investors off, according to research house Zenith. Read more from Money Management Investments Investors should reallocate cash: MLC. Investors should veer away from the trend of heavily investing in cash to generate higher yield and protect against poor returns, MLC Investment Management senior strategist Michael Karagianis said. Read more from Investor Daily Risk-averse investor pitfalls. The dangers of capital risk are not being expressed in market commentary to investors that are trending back to bank deposits or those who have implemented major changes in their portfolio balance, according to Shaun Manuell, head of asset management at Equity Trustees Limited. Read more from Financial Standard Accounting Shorten locks down accountant timeline. Financial Services Minister Bill Shorten has committed to a two week deadline for legislation surrounding the role of accountants in the advice industry, in addition to reaffirming his plans to raise contribution caps. Read more from Financial Standard SMSFs and accountants - fitting a square peg into a round hole. Many have advocated that accountants simply get licensed if they wish to advise on SMSFs. However, Liz Westover claims the current single licensing model poses many difficulties for accountants. Read more from Money Management Insurance Call for life insurance in super to be reviewed. A review of life insurance offered within super funds should be undertaken after the Future of Financial Advice (FOFA) reforms become law. Read more from Insurance News Financial Services Council to develop policy on churning. The Financial Services Council (FSC) has announced it would consult with the industry on a policy to address the practice of churning in life insurance. Read more from Money Management Markets Profits heading south as debt crisis continues. Despite the claims by many market analysts, global equities are not cheap because earnings forecasts are much too high. Read more from Professional Planner Debt crisis has 15 yr shelf life. The European debt crisis will take 15 years to resolve with the deleveraging process barely started, according to GLG Partners' chief investment strategist Dr Jamil Baz. Read more from Financial Standard