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Showing 91 - 100 of 746 results for "FOFA"

Wealth firm releases planning app Nettshell

EMMA RAPAPORT | MONDAY, 23 JAN 2017

... planners are on track." The idea for the application came about following the implementation of the Future of Financial Advice (FoFA) reforms and a discussion between CMFM and their clients about the pitfalls of the industry. "After all the changes with ...

ASIC takes Westpac to court

JAMIE WILLIAMSON | FRIDAY, 23 DEC 2016

... Administration Limited (WSAL) and BT Funds Management Limited (BTFM) contravened aspects of the Future of Financial Advice (FoFA) reforms. This includes breaches of the 'best interest duty' and unlawfully providing personal financial advice - a claim ...

SMSFs encouraged to embrace fintech

DARREN SNYDER | FRIDAY, 25 NOV 2016

... ongoing administration for assets where only beneficial ownership is provided. From an adviser's perspective, in the post-FOFA fee for service world the pressure is already there to demonstrate real value when servicing SMSF clients. Fintech presents ...

Advisers optimistic amid challenges

KERRIE SYDEE | THURSDAY, 27 OCT 2016

... environment had improved and the remainder saying it had become more difficult. Advisers cited the Future of Financial Advice (FOFA) reforms as their biggest pain point, with 61% stating it had a negative influence on their business. Vanguard Australia ...

ASIC confirms systemic failures in advice

KERRIE SYDEE | THURSDAY, 27 OCT 2016

... ASIC said most of the failures outlined in the report occurred before the commencement of the Future of Financial Advice (FOFA) reforms, with the changes made by FOFA playing a significant factor in identifying the failures. ASIC expects the introduction ...

LIF to be introduced this week

MARK SMITH | MONDAY, 10 OCT 2016

... insurance is one of the issues that this government has taken out of the 'too hard' basket - it could've been tackled in the FoFA legislation and it wasn't. We are now making progress with those changes."

Super members should face "better off test"

DARREN SNYDER | TUESDAY, 4 OCT 2016

... urgent scrutiny is needed of the direct sales tactics employed by Australia's banks that sidestep Future of Financial Advice (FoFA) protections," he said. "The figures show direct advice is growing quickly and at the expense of traditional channels including ...

Sentry Group partners for back office solution

KERRIE SYDEE | TUESDAY, 20 SEP 2016

... financial advice and client service. "Advice practices and licensees must transform their operational models to reflect the post FoFA LIF era that requires consumer/client best interests are firmly at the centre of everything they do. "With significant ...

Storm Financial investor slams court decision

ALEX BURKE | MONDAY, 29 AUG 2016

... behaviour." Worse still, Weir suggested that there was arguably little reason why the Storm fiasco couldn't be repeated, despite FoFA measures: "The banks enabled this to happen in conjunction with Storm, and then they sailed off into the sunset. The ...

Sentry Group slams LICG's "opportunistic attack"

ALEX BURKE | WEDNESDAY, 24 AUG 2016

... letter. Directed to the financial services industry, the letter admitted that Sentry believes there are a "number of aspects of FOFA and the proposed LIF that in our opinion adversely affect the consumer and detract from the affordability and delivery ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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