Finance Minister Mathias Cormann has taken a fresh look at FOFA reform, and decided to proceed with some amendments. Alan Porritt/AAP

Financial advice reforms rollback to proceed: experts react

The Federal Government has confirmed it will push ahead with controversial moves to water down the Future of Financial Advice (FoFA) law reforms, on the grounds the current legislation reduces the affordability…
The path to good financial advice is littered with fees. Shutterstock

The one certainty of financial advice is unfettered fees

One of the main arguments made by Australia’s banks for the watering down of Future of Financial Advice (FoFA) reforms is that it would reduce the cost of financial advice to consumers. Specifically, the…
Gai Waterhouse wants everyday punters to ‘live the dream’. Marianna Massey/AAP

Gai Waterhouse’s ‘Living the Dream’ is gambling writ large

Wouldn’t it be wonderful to be the part owner of a Melbourne Cup winner? Horse trainer Gai Waterhouse says you could be, by investing in a new company called “Gai Live the Dream” (GLD). The “live the dream…
Founder of Storm Financial, Emmanuel Cassimatis, speaks before a parliamentary inquiry. AAP

Financial advice reform: have we learned enough from Storm?

When financial planning firm Storm Financial collapsed with $3 billion in investment losses, many of its investors were left destitute. A parliamentary joint committee inquiry into the company’s demise…

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