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Showing 91 - 100 of 530 results for "Future of Financial Advice"

CBA responds to systemic advice failures

KERRIE SYDEE  |  FRIDAY, 28 OCT 2016
... improvements, including to our systems, processes, supervision and training. "In addition, following the Future of Financial Advice reforms, customers also receive annual fee disclosure statements and new customers receive opt-in notices every two years ...

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
... interest. 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 ...

Super members should face "better off test"

DARREN SNYDER  |  TUESDAY, 4 OCT 2016
... and 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 ...

Future of advice to be shaped by the customer

KERRIE SYDEE  |  FRIDAY, 30 SEP 2016
The future of financial advice and happy medium between digital and face to face advice will be determined by the customer, according to general manager of advice partnerships at National Australia Bank, Ross Barnwell. Speaking with Financial Standard ...

Life insurance reforms to be re-introduced

JAMIE WILLIAMSON  |  MONDAY, 26 SEP 2016
... that grandfathering would apply to existing arrangements "in a manner broadly consistent with [the Future of Financial Advice reforms] by ensuring that remuneration arrangements not effectively grandfathered by the Life Act... are explicitly grandfathered ...

Storm Financial investor slams court decision

ALEX BURKE  |  MONDAY, 29 AUG 2016
... margin lending investment model and subsequent collapse was considered the primary catalyst for the Future of Financial Advice reforms and led to substantial capital losses for many of its clients. The court has now found that advice given to "certain ...

ASIC compensation plummets despite surveillance success

ALEX BURKE  |  MONDAY, 8 AUG 2016
... report said that over the next six months, the regulator will pay particular attention to enforcing Future of Financial Advice compliance, especially as it pertains to the Wealth Management Project, which was established in 2014 and aims to lift the ...

FSC names new chair

ALEX BURKE  |  WEDNESDAY, 20 JUL 2016
... this for two decades now. We fought for choice in superannuation, the abolition of commissions, the Future of Financial Advice," he added. "This is now Australia's largest industry. We employ over 450,000 people. We have a responsibility to grow the ...

FPA National Roadshow emphasises value of advice

KERRIE SYDEE  |  WEDNESDAY, 29 JUN 2016
... Planning Association (FPA) National Roadshow is hoping to prepare planners for the increasingly complex future of financial advice. Aimed at supporting advisers, the roadshow includes an update on key legislative changes and provides practical guidance ...