Our industry is being compared to used-car sales again (“Shorten throws down the gauntlet”, Sally Patten, Australian Financial Review, 29th April 2011, p. 48). This is obviously a slur against used-car salespeople. Seriously, the latest release of details surrounding...
IPA Executive Director John Roskam’s article “Paternalism Enshrined” was published in the Australian Financial Review on 6 May 2011. In it, he makes some good points regarding the proposed regulation of financial advisers under Future of Financial Advice (FOFA)...
Asking clients to opt-in every year in an advice relationship is one of the recommendations of the Future of Financial Advice (FOFA) reforms. The advice professions of law, medicine, dentistry, accounting, engineering, and computing have long embraced the concept of...
How are you feeling about the proposed Future of Financial Advice reforms? The FOFA reform proposals include – removal of commissions from some superannuation products implementation of a ‘fiduciary’ responsibility on all advisers introduction of opt-in...