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Tag archives: Future of Financial Advice

Coalition still playing catch-up on financial planning

Coalition still playing catch-up on financial planning

Bernard Keane April 20, 2015 10 Comments

While Labor's Sam Dastyari runs "show trials" of the big banks, the Coalition is left ruing its failure to take control of the issue of financial planning scandals.

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

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

Bernard Keane July 15, 2014 18 Comments

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.

Crunch time: welcome to a key week in this Parliament

Crunch time: welcome to a key week in this Parliament

Bernard Keane July 14, 2014 15 Comments

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.

FOFA repeal flaw means conflicted remuneration is back

FOFA repeal flaw means conflicted remuneration is back

Bernard Keane July 3, 2014 4 Comments

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.

Did the pensioners save financial consumer protection?

Did the pensioners save financial consumer protection?

Bernard Keane March 25, 2014 10 Comments

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

Banks get what they paid for on ‘consumer protection’

Bernard Keane March 21, 2014 3 Comments

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

Tips and rumours

Tips and rumours

Crikey March 6, 2014 4 Comments

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

Sinodinos’ FOFA repeal looking shaky as critics multiply

Sinodinos’ FOFA repeal looking shaky as critics multiply

Bernard Keane February 20, 2014 26 Comments

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.

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

Paddy Manning February 19, 2014 1 Comment

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.

Coalition embraces big bank gouge that even Howard rejected

Coalition embraces big bank gouge that even Howard rejected

Bernard Keane February 6, 2014 13 Comments

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.