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Planners react badly to FOFA

BY ALISON BEVEGE | FRIDAY, 6 MAY 2011 1:20PM

Financial planners have reacted in fear to the Future of Financial Advice reforms, anticipating less pay for more work - and would pass costs on to clients, research firm CoreData has found.

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Editor's Choice

Equity Trustees super exit sparks Hejaz Islamic Super and Pension closure

KARREN VERGARA | 12:35PM

Hejaz's Islamic Super and Pension products will be terminated as a fallout from Equity Trustees ditching the superannuation trustee business. The latter, however, says otherwise.

Sequoia revokes dividends, chief financial officer exits

RIDDHIMA TALWANI | 12:00PM

Sequoia will not pay any dividends in the financial year, revoking interim dividend it had announced earlier in the year of one cent per share, as an adviser exodus puts pressure on its revenue.

Acclaim Wealth names chief executive

MATTHEW WAI | 11:47AM

The Brisbane-based wealth and superannuation business has appointed a new chief executive, as former boss Terry Constable landed a new role at Infocus after almost three years at the helm.

Global X cuts fees on gold ETF

ELIZA BAVIN | 12:24PM

Global X has reduced fees on its Gold Bullion ETF, following in the footsteps of VanEck after it cut fees for its gold ETF last week.

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