Future of Financial Advice reforms

Overview of FOFA reforms

Commencement of FOFA reforms

ASIC's facilitative approach to the new regime

Further background to FOFA reforms

ASIC consultation and guidance on specific FOFA topics including:
  • ASIC powers
  • Conflicted remuneration
  • Best interests duty
  • Scaled advice
  • Fees disclosure
  • Codes approval
  • Replacement of accountants’ exemption with a new limited Australian financial services licence.
  • Releases ASIC has issued on FOFA.

What's new

Review of direct life insurance finds high cancellation rates and poor claims outcomes

ASIC's review of direct life insurance sales has found that sales practices and product design are leading to poor consumer outcomes. 18-250MR. 30 August

More financial services releases

ASIC industry funding

Last updated: 20/10/2014 12:00