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G20 countries step up action to help consumers make informed financial decisions

Study by OECD and Russia’s G20 presidency monitors progress by major economies' governments in implementing national strategies for improving financial education.

Originally Published:

Thursday, September 5, 2013

Andy Briscoe appointed chairman of Money Advice Service

Andy Briscoe is appointed as chairman of the Money Advice Service.

Originally Published:

Thursday, August 1, 2013

Is Professionalism Part of the Future of Financial Advice?

Originally Published:

Wednesday, June 26, 2013

It is timely to reflect on whether additional regulatory burden on advisers is likely to improve the quality and access to advice for retail consumers.

Putting the Rear-View Mirror to Bed

Originally Published:

Friday, May 31, 2013

ASIC undertakes not to use hindsight to judge whether financial advice was in the 'best interests' of a client.

ASIC Consults on Code Approval under FOFA and Confirms Facilitative Approach to FOFA Introduction

ASIC has released a consultation paper on its approach to code approval and relief powers under the Future of Financial Advice (FOFA) reforms.

Originally Published:

Tuesday, October 23, 2012

Inside the FOFA Deal: ASIC's Power Increases

Originally Published:

Monday, March 26, 2012

ASIC is likely to require the code to confer considerable powers on it, in relation to oversight, compliance and enforcement.

Inside the FOFA Deal: The Success of the Experiment Depends on Extent and Quality of Implementation

Originally Published:

Saturday, March 24, 2012

While regulators have seen the light about client priority and conflicts, the heat around the best interests duty has partly obscured the fact it is a damp squib.

Inside the FOFA Deal: An Iconic Retreat or Nudge Towards Substantive Reform?

Originally Published:

Friday, March 23, 2012

A key insider in the deal brokered last night argues it offers a basis on which to trust that opens up the possibility for all professions to reinvigorate their sense of purpose.

Financial Services Council Will Not Support Amendments To Future of Financial Advice Amendments

The Financial Services Council has announced that it will not support the amendments to the Future of Financial Advice (“FOFA”) legislation as the Bill failed to provided certainty for consumers and financial advisers.

Originally Published:

Thursday, March 22, 2012

Australian's To Benefit From Better Quality Financial Advice

The Government is making some additional changes to the opt-in aspects of the Future of Financial Advice Bill to provide greater flexibility to industry whilst ensuring consumer protection is maintained.

Originally Published:

Thursday, March 22, 2012

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