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Showing 1041 - 1050 of 1211 results for "Future of"

Planners react badly to FOFA

ALISON BEVEGE  |  FRIDAY, 6 MAY 2011
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. The independent research canvassed the views of 358 advisers ...

Planners upscale with managed accounts

MICHELLE BALTAZAR  |  THURSDAY, 5 MAY 2011
... reforms. If the government approves the opt-in scheme, ban trail commissions and other 'conflicted' payments under the Future of Financial Advice (FOFA) reforms, Potter said many advisory practices will be forced to re-evaluate their business model and ...

Advisers sacked, fees halved in "doom" scenario

ALISON BEVEGE  |  MONDAY, 2 MAY 2011
... Advisers said today. The report by research house Rice Warner Actuaries stated the figures in an analysis of the impact of Future of Financial Advice (FOFA) reforms. The report was undertaken for the Industry Super Network, a lobby group that has stridently ...

Super funds praise reforms

ALISON BEVEGE  |  THURSDAY, 28 APR 2011
... funds industry responded to the Government's financial reforms today with praise for the expansion of scaled advice. The Future of Financial Advice reforms have expanded the limited form of financial advice to a range of providers including superannuation ...

Dealer groups miss commissions

ALISON BEVEGE  |  THURSDAY, 28 APR 2011
Dealer groups today welcomed the future of financial advice reforms - but unanimously disapproved of the banning of life insurance commissions within superannuation funds. MLC & NAB Wealth, AMP and AXA, and BT Financial Group said they were happy the ...

Opposition attacks opt-in concession

ALISON BEVEGE  |  THURSDAY, 28 APR 2011
... planners. Minister Shorten made a concession by requiring clients to renew their advice agreements every two years under the Future of Financial Advice (FOFA) reforms rather than every year as originally proposed. Advisers will be required to send a ...

New super products and mergers may result - insurers

ELISE BURGESS  |  THURSDAY, 28 APR 2011
... Life insurers and financial planners alike have responded with mixed reactions to today's announcement regarding the Future of Financial Advice reforms which banned all commissions on risk insurance for both individual and group risk inside superannuation ...

Market Wrap - Midday

AAP  |  WEDNESDAY, 27 APR 2011
... Committee) meeting tonight. "Traders are playing a fairly cautious game today." Investors will look for indications on the future of US monetary policy when Federal Reserve chairman Ben Bernanke makes a press conference overnight. At 1204 AEST, metal ...

Planners needle minister over FOFA

ALISON BEVEGE  |  THURSDAY, 14 APR 2011
... Financial Services Minister Bill Shorten fielded prickly questions from financial planners after giving a speech on the Future of Financial Advice reforms at a luncheon gathering yesterday. Minister Shorten told the Financial Planning Association (FPA) ...

Planners struggle to sell practices as values fall

ALISON BEVEGE  |  TUESDAY, 12 APR 2011
... 2010 to 10 per month in 2011. Interest had been recovering from the global financial crisis, but uncertainty over the Future of Financial Advice (FOFA) reforms was causing both sellers and buyers to sit on the sidelines, said John Birt, principal of ...