tip off

Palmer’s pointless red tape hands banks a big win on FOFA

On the day the financial services inquiry is flagging the high cost of vertically integrated wealth management, Clive Palmer looks set to help the government gut consumer protections.

READ MORE

Crunch time: welcome to a key week in this Parliament

This week is the most important week in economic and fiscal policy for years as reforms that will have major long-term benefits face the axe.

READ MORE

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.

READ MORE

Did the pensioners save financial consumer protection?

Opposition from two key groups created a major impediment to the government’s repeal of FOFA. And both, surprisingly, are Coalition heartland.

READ MORE

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.

READ MORE

Tips and rumours

Qantas management cull? … Alan Kohler turns to advertising … Oscars star meets Bob Katter (!) …

READ MORE

Sinodinos’ FOFA repeal looking shaky as critics multiply

What looked in January like a sneaky win for the big banks on financial advice has turned messy for Arthur Sinodinos as more critics of his gutting of the Future of Financial Advice reforms emerge.

READ MORE

ASIC on FOFA rollback: Abbott changes ‘preserved the principles’

ASIC boss Greg Medcraft was playing a straight bat today, questioned on the Abbott government’s rollback of financial advice reforms he supports. He reckons the principles are still there.

READ MORE

Coalition embraces big bank gouge that even Howard rejected

The Abbott government wants to allow conduct by financial planners that will boost the banks and has long been banned — and which even the Howard government refused to legalise.

READ MORE

How the age of entitlement is being restored for the Liberals’ friends

Declaring that the age of entitlement is over makes sense as long as voters believe it’s fair. But the government is being anything but.

READ MORE

Surprise attack: Coalition unleashes $130b hit on retirement incomes

The Coalition is looking to destroy the Future of Financial Advice reforms that would have ended gouging and conflicts of interest in the financial planning industry — and it will be a massive cost to consumers.

READ MORE

‘Conflicted remuneration’: government shifts on FOFA reforms

The government has moved to address problems with its FOFA reforms on financial advice, in the process extending the transition period for the financial services industry.

READ MORE

Flawed regulations threaten to leave financial industry frozen

Regulations for the government’s key Future of Financial Advice reforms may leave conflicted remuneration-like commissions in place. Bill Shorten is scrambling to plug the hole.

READ MORE

Shorten delivers on financial planning reform

Bill Shorten has delivered on reforms to financial planning that will yield big benefits for Australia decades hence.

READ MORE

Womens Agenda

loading...

Smart Company

loading...

StartupSmart

loading...

Property Observer

loading...