In a new report, the Central Bank of Ireland (“Bank”) identified risks around continued economic weakness, over-indebted private and public sectors and warned that mortgage stress, poor profit outlooks and funding pressures could see the fresh capital put into the country's banks erode quicker

In this Report, the Parliamentary Joint Committee on Corporations and Financial Services made 11 recommendations aimed at enhancing both professionalism in the financial advice sector, and consumer confidence and protection.

The exposure draft and explanatory material form the second and final tranche of draft legislation on the FOFA reforms.

The exposure draft provides the legislative detail around key FOFA measures, including the statutory best interests duty, compulsory renewal requirement (opt-in), and the enhancement of ASIC’s powers.

As part of the Future of Financial Advice reforms announced on 26 April 2010, a consultation paper has been released which provides information, frames issues and raises questions on the need for, and costs and benefits of, a statutory compensation scheme for clients who suffer damage or incur loss

The Government seeks the views of interested parties on the options presented in this paper for the criterion under which a client is considered to be wholesale or retail in the context of the receipt of financial advice.

Between 2009 and 2010, the Australian Securities and Investments Commission conducted research into the demand and supply of financial advice in Australia.

This Report, prepared by Justin O'Brien of the University of New South Wales and commissioned by the Financial Planning Association, evaluates the recommendations put forward by the Ripoll Report.

The Government has released two information packs providing detailed information on the reforms. The first information pack covers the broad reforms originally announced in April 2010.

The Government has released two information packs providing detailed information on the reforms. This second information pack relates to the announcement made in April 2011 on consultation outcomes and implementation details of key reforms.