The major bank lobby group now wants to fix the Future of Financial Advice framework, but it was one of the major players in trying to water it down as much possible. It owes the community an apology.
The poor quality and lack of professionalism of financial planners is a huge problem for all Australians.
The government has flagged it will push on with attempts to gut financial advice consumer protections even as financial advice regulation has gone into meltdown.
The banking cartel is the only remaining supporter of the government's repeal of FOFA -- and its defence is getting increasingly difficult.
Opposition from two key groups created a major impediment to the government's repeal of FOFA. And both, surprisingly, are Coalition heartland.
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.
The Financial Planning Assocation is targeting what it calls "free riders" in the wealth management industry. Funny that ...
An angry debate among financial planners has revealed some of the serious problems in the wealth management industry.
The conflicts still prevalent in Australia’s system of financial planning are substantial, but not quite as bad as the German pensioners kidnapping their financial planner.