Thursday, 10 May 2012
There has been much debate about the value of financial advisers with FoFA. The best judge of what is good value for a client is the client themselves, and a Coalition government of the future would make numerous changes to FoFA as it currently stands. Read More
Tuesday, 8 May 2012
There are a number of interesting trends happening within the independent space. Regulation is playing an increasingly important role in both IFAs and independent dealer groups, and professionals within both these spaces need to move with the times. Read More
Monday, 26 March 2012
With Minister Bill Shorten's recent concession to the FPA on opt-in under FoFA, this raises significant questions about industry associations' need and ability to police their members. Self-regulation comes with its own set of pitfalls, and it will be important to take note of these if the associations are to be successful in stepping up to the plate. Read More
Friday, 27 January 2012
The financial planning profession faces a number of challenges as a result of FoFA. However, the reforms present financial planners with a number of opportunities to run more efficient, collaborative practices with a strong focus on value. Read More
Tuesday, 29 November 2011
A pre-contractual summary of key deal terms can help ensure that "everyone is on the same page" before a binding commitment is made. However, care must be exercised to understand which terms are binding and to ensure that key terms agreed 'in principle' make their way into the substantive sale contract precisely as expected. Read More
Thursday, 15 September 2011
(FoFA) reforms, fails Australian consumers and is clearly biased towards some segments of the industry at the expense of others. The draft legislation must be measured against the twin objectives of access for consumers to quality advice and the removal of conflicts of interest. On both counts, the FoFA draft legislation has failed. Read More
Wednesday, 17 August 2011
The government’s proposed Future of Financial Advice (FoFA) reforms have drawn both praise and criticism. However, with key independents yet to be convinced of FoFA’s value, it is clear that the government faces an uphill battle in getting FoFA across the line. Read More
Thursday, 11 August 2011
The Future of Financial Advice (FoFA) reforms present the financial planning industry with a number of issues. The ban on commissions in particular is problematic, because there are many areas of finance where commissions are allowed... Read More
Tuesday, 9 August 2011
The Future of Financial Advice (FoFA) reforms will result in a change of models for many financial planning businesses. As a result, parts of the industry will fragment and more planners will provide “limited scope” advice Read More
Monday, 8 August 2011
The Future of Financial Advice (FoFA) reforms will have a significant impact upon the financial planning industry. One of the areas that will be most affected is revenue models, and the development of scalable advice under FoFA could mean the difference between annihilation and healthy business success for financial planners. Read More
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Comments
pbarrett on Why independents need to move with the times
"Whilst most of what Matt says is eminently correct, there are scenrios that need to ..."
eric.walters747@gmail.com on How to get the best price for your practice
"Thanks for your response and your optimism. I think you will be pleased to see ..."
Vanessa Stoykov on Why independents need to move with the times