Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 81 - 90 of 158 results for "Fee disclosure"

FoFA future uncertain as Palmer threatens to join opposition

LAURA MILLAN  |  MONDAY, 30 JUN 2014
... financial product or commissions are considered conflicted remuneration. From today, advisers do not need to send Fee Disclosure Statements (FDS) to clients prior to July 1, 2013, and resolves the issue of grandfathering. Read all Financial Standard ...

Advisers applaud "historic" ban on commissions

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... Fox also welcomed the government's support to a longtime AFA request of extending the notice period to provide Fee Disclosure Statements (FDS)'s increased from 30 days to 60 days. Read all Financial Standard coverage of the FoFA legislation here

Government to pass most FoFA changes through regulation

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... interest duty, the provisions regarding investor access to scaled advice and the removal of the requirement for fee disclosure statements (FDS) to be sent to pre-July 1, 2013, clients. Changes through amendments to the Corporations Act and not through ...

CFA Societies launches initiative to raise ethical standards

MARK SMITH  |  MONDAY, 12 MAY 2014
CFA Societies in Australia and New Zealand have launched an initiative to encourage investors to assert their rights and demand higher standards of ethical conduct from the financial services industry and finance professionals. Investor First Week in ...

Stakeholders stage FoFA confrontation in Senate submissions

LAURA MILLAN  |  WEDNESDAY, 7 MAY 2014
... FoFA: advisers' best interest duty and the 'catch-all' phrase, the opt-in requirements, the obligation to provide fee disclosure statements and the separation of general and personal advice. The Financial Services Council (FSC) asked the Senate Economics ...

BT Financial Group posts 21% profit rise

MARK SMITH  |  MONDAY, 5 MAY 2014
... for market share at 19.7%. Asgard ranked top three in Investment Trends' survey and ranked number one for Best Fee Disclosure Statement and Best Platform Integration Functionality. The company also said it is on track to deliver its Panorama platform ...

Compliance absorbs half of platforms' development budget

LAURA MILLAN  |  TUESDAY, 29 APR 2014
... developing usability, adviser support, reporting, direct shares and corporate actions functionality, as well as building fee disclosure statement (FDS) tools from scratch. CFS FirstWrap topped the ranking of full-function platforms by overall functionality ...

netwealth improves tech features for advisers

LAURA MILLAN  |  TUESDAY, 25 MAR 2014
... the statement of advice and the account snapshot, a list of transaction, investment performance information, the fee disclosure statement and the client's details. The new enhancements also include the ability to bulk trade client shares, to view outstanding ...

Government limits general advice exemption in FoFA amendments

LAURA MILLAN  |  THURSDAY, 20 MAR 2014
... The bill also introduced the removal of the opt-in requirement, the removal of the retrospective application of fee disclosure statements and the removal of the "catch all" definition of the advisers' best interest duty under section 961B(1) of the Corporations ...

Lawyer questions legality of FoFA amendments

JAMES FERNYHOUGH  |  MONDAY, 17 FEB 2014
... government's stated objectives for making the changes. Whiteley said the advice suggests the proposed changes on 'opt in,' fee disclosure and best interests would not be valid if enacted by regulation. "In light of this, industry super funds would suggest ...