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Showing 91 - 100 of 148 results for "FOFA reforms"

AMP: FOFA needs a rigorous stocktake

CLAIRE MCGREAL  |  TUESDAY, 24 JAN 2012
... Stronger Super Bill, which it said were "inextricably linked". While reiterating AMP's support for the principles of the FOFA reforms, AMP made a number of recommendation to the government. These included that a full Regulatory Impact Statement be undertaken ...

Issues beyond the FOFA horizon

ELISE BURGESS  |  WEDNESDAY, 18 JAN 2012
... Joint Committee submissions continue at a rapid pace with the Government receiving opinions both for and against the FOFA reforms package, yet a recent industry panel session looked at the issues facing the advice industry beyond FOFA that are not being ...

MLC cuts PDS down on flagship products

ELISE BURGESS  |  WEDNESDAY, 18 JAN 2012
... of the Government's move to protect consumers from overly confusing financial statements and should complement the FOFA reforms while cutting down admin costs for business.

ASIC releases FOFA guidance plan

ELISE BURGESS  |  TUESDAY, 13 DEC 2011
... anti-avoidance provisions. ASIC said it will also amend existing regulatory guidance and ASIC relief to reflect the FOFA reforms where necessary however it did note that these consequential amendments to existing regulatory guidance may not all occur ...

Industry welcomes Shorten's promotion

CLAIRE MCGREAL  |  TUESDAY, 13 DEC 2011
... Financial Advisers (AFA) also welcomed the news, saying the association would continue to work with the Minister "around" FOFA reforms. "Like the Government, we want to ensure that Australians continue to have choice when it comes to financial advice ...

AMP enhances super products

CLAIRE MCGREAL  |  THURSDAY, 8 DEC 2011
... The changes are aimed at ensuring consumers don't get bogged down in lengthy financial statements, complementing FOFA reforms while cutting down admin costs for business. "AMP has moved to short form PDSs for all our contemporary super products with ...

Christmas deadline for FOFA clarity: ANZ

CLAIRE MCGREAL  |  WEDNESDAY, 7 DEC 2011
ANZ Wealth has warned that Christmas is the "absolute drop dead date" for clarity on FOFA reforms before implementation costs double. Paul Barrett, ANZ general manager advice and distribution, told reporters in Sydney yesterday that time is ticking ...

PM: Labor taking reform road on super

CLAIRE MCGREAL  |  MONDAY, 5 DEC 2011
... employees," said the PM. Gillard also spoke of the need to make financial advice more accessible for people as part of the FOFA reforms. "We'll get rid of the conflicts of interest and excessive fees, we'll bring fairness to financial advice. We'll give ...

Consolidation creating conflict between product and advice

RACHEL DAVIS  |  THURSDAY, 1 DEC 2011
... while it is confident about the future of independent financial advice, it fears consolidation in anticipation of the FOFA reforms is creating a conflict of interest between product and advice. "According to some reports, almost 85% of advisers are now ...

Ventura reduces wholesale funds cost

CLAIRE MCGREAL  |  WEDNESDAY, 30 NOV 2011
... Kate Mulligan, the practice efficiencies of a multi-manager approach will mean advisers are well placed to deal with FOFA reforms. "The inherent efficiencies of a multi-manager fund are ideal for FOFA, as they help save advisers' time and assist in compliance ...