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AIOFP to challenge legal validity of s99FA

Daily online news, analysis, feature articles, reports and business strategy geared to helping Australia s financial planners and advisers drive business growth

Simon carrodusPeter johnstonHigh courtAssociation of independently owned financial professionalsAustralian financial complaints authorityIndependently owned financial professionalsSuperannuation industryHamilton lockeDelivering better final outcomesAdvice reviewMichelle levyCorporations act

A budget of no surprises : Industry reacts to advice shun

Daily online news, analysis, feature articles, reports and business strategy geared to helping Australia s financial planners and advisers drive business growth

Peter johnstonBryan ashendenStephen jonesFinancial advice association sarah aboodAssociation of independently owned financial professionalsInvestments commissionAustralian securitiesCompensation schemeLast resortFinancial advice associationSarah aboodIndependently owned financial professionals

News that made headlines in 2023

To say that 2023 has been an eventful year would be a severe understatement. From industry-shaping consolidations and long-awaited consultations, advisers have been inundated with breaking news year-

Peter kingPeter johnstonAnne fuchsFinancial advice association australiaAssociation of independently owned financial professionalsAustralian retirement trustFinancial planning association of australiaFlight attendants association of australiaFinancial services stephen jonesAssociation of financial advisersTreasury laws amendmentIndependently owned financial professionalsMichelle levyMinister jonesFinancial planning associationFinancial advisers

Industry reacts to QAR draft law: concerns raised around SOA exclusion

The FAAA and the AIOFP are both concerned that changes to SOAs and safe harbour have been left out of the initial QAR legislation. The government has released the first tranche of draft legislation fo

Peter johnstonSarah aboodFinancial advice association australiaAssociation of independently owned financial professionalsAdvice reviewIndependently owned financial professionalsCorporations law

AIOFP flags stealth re-entry of banks to advice

Noting that some QAR recommendations make it “less legally onerous” for banks to provide advice, the industry association said it suspects a lingering interest from these institutions to return to wealth management.

United kingdomStephen jonesPeter johnstonBrett jollieAndrew alcockPeter kingFinancial servicesHayne royal commissionFinancial services councilRoyal commissionAssociation of independently owned financial professionalsAdvice reviewIndependently owned financial professionalsGood adviceBest interest dutyBest interests duty

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