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Keane: govt hoisted by its own FOFA petard

The government’s half-smart decision to try to sneak its repeal of FOFA through parliament has ended up costing it dearly.

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Bullying banks threaten govt over price-signalling

With the banks brow-beating the government over price-signalling, we can’t afford to dump laws that protect the public.

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Why you should care about FoFA, even if you have no money to manage

The government’s Future of Financial Advice reforms are law (just about). But what do they actually mean? And if you don’t have a financial adviser, why should you care? Crikey’s business editor breaks it down.

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Can we have financial reform when banks are too big to regulate?

The demonstration of bank power on the FOFA repeal illustrates the challenge of effectively regulating a sector that is beginning to dominate the Australian economy, write Bernard Keane and Glenn Dyer.

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FOFA repeal flaw means conflicted remuneration is back

A problem in the drafting of the government’s FOFA repeal regulation means conflicted remuneration can continued to be paid to financial planners even in circumstances where the government claims it is prohibited.

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CommBank prepares desperate campaign to restore credibility

Desperate to salvage its financial planning reputation, the Commonwealth Bank is preparing a major campaign targeting victims of its financial planning arm.

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ASIC’s problems start at the top

A Senate committee has savaged the Australian Securities and Investments Commission and demanded a judicial inquiry into the Commonwealth Bank — but it’s unlikely to happen.

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When good bankers go bad

Crikey readers have their say on FOFA reforms, Rupert Murdoch’s tweets and the age of parliamentarians.

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Embarrassing ASIC admissions show danger of FOFA repeal

The government is still hoping to push through its repeal of Labor’s Future of Financial Advice reforms, but ASIC’s admissions to Senate estimates aren’t making it easy.

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Banks get what they paid for on ‘consumer protection’

Mathias Cormann enjoys the confidence of the last remaining supporter of the repeal of FOFA — $10,000 worth of it.

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No case for standing aside, but Sinodinos couldn’t have done his job

There were no grounds for Arthur Sinodinos to stand aside, but with all the attention he couldn’t have done his job at a crucial moment in his quest to gut FOFA.

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Shorten lands FOFA with a compromise on opt-in

It will take a while for the dust to settle on the Future of Financial Advice reform package, which passed the House of Reps after negotiations between the independents and Bill Shorten.

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The day the Coalition didn’t like some competition

The Coalition appears to dislike competition for superannuation products that perform poorly for ordinary workers.

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Wilkie casts doubt on FOFA reforms

The fate of major pro-consumer reforms to the financial planning industry is uncertain, with independents swayed by a major grassroots lobbying campaign.

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The impact of FOFA — industry claims brought undone

A new report shows how hysterical the financial planning industry has been in its opposition to reform.

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Financial planners and the irony of ‘free riders’

The Financial Planning Assocation is targeting what it calls “free riders” in the wealth management industry. Funny that …

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Financial planners talk candidly about wealth management

An angry debate among financial planners has revealed some of the serious problems in the wealth management industry.

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Womens Agenda

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