The problem with goals–based advice is that it makes advisers look bad! Let me explain. Since Financial Services Reform (FSR)…
The first post-FOFA ‘best interests case’ involving a licensee which advised retail clients in life risk insurance and superannuation products…
The result of ASIC’s first best interests duty court case is proof that advice firms must have processes that go…
The draft regulations for the Life Insurance Framework legislation need further clarification, according to a lawyer operating within the financial…
A leading lawyer has highlighted some “concerning” loopholes and unintended consequences within the current Life Insurance Framework that are contrary…
The proposed life insurance framework (LIF) legislation that was introduced into Parliament at the end of November 2016 has loopholes…
The updated life insurance framework (LIF) legislation now before Parliament fails to deal with a number of potential issues that…
A funny thing is happening in financial services and it’s changing the nature of financial planning practices before our very…
The Financial Services Council (FSC) has hit back at critics of the government’s life insurance reforms, saying a campaign against…
As a financial services lawyer and compliance adviser I have, over many years, reviewed more statements of advice (SOAs) than…