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Showing 91 - 100 of 102 results for "Grandfathering"

FOFA passes as industry backs professionalism

MELANIE TIMBRELL  |  THURSDAY, 21 JUN 2012
... a focus on supporting members in implementation, although president Brad Fox said finalisation of regulation on grandfathering of payments by platform operators and regulatory guidance on codes of conduct should have been delivered earlier for better ...

FOFA disadvantages early move on fee-for-service

MELANIE TIMBRELL  |  FRIDAY, 25 MAY 2012
Draft regulation released on grandfathering and conflicted remuneration this week, may disadvantage advisers who have already moved to a fee-for-service model in line with the new FOFA regime. Dante De Gori, general manager policy and government relations ...

Government confirms ban on commissions

MATT WOODINGTON  |  THURSDAY, 29 SEP 2011
... on behalf of the client. The industry is still awaiting clarity on intra-fund advice, accountant exemptions and grandfathering of commissions, which were omitted from the latest release.

Inactive clients trouble planning industry

ELISE BURGESS  |  FRIDAY, 16 SEP 2011
... another after July 2012 may stop the flow of trail commissions and trigger the start of the opt-in rule." "With grandfathering still allowing for the passive trail commission to continue, there's little incentive to contact them." Radar noted that theTreasury ...

Rice Warner clarifies $11 estimate

ELISE BURGESS  |  THURSDAY, 15 SEP 2011
... advisers are in regular annual contact with clients when forming the estimate and had factored in the proposed grandfathering provisions which state opt-in will only apply for new clients from July 1 2012, therefore making the first opt-in process July ...

Retail super fund commissions revealed

MATT WOODINGTON  |  TUESDAY, 6 SEP 2011
... Australians are in this boat - paying money for nothing." Under the proposed Future of Financial Advice reforms, the grandfathering of existing clients means that advisers can keep past kickbacks but as of July 1 2012, new clients will be subject to ...

Rice Warner: opt-in cost applies to advisers in regular contact

MATT WOODINGTON  |  TUESDAY, 30 AUG 2011
... Weatherhead. "We're ignoring that time altogether because that's all part of the annual or bi-annual interview." The grandfathering of existing clients means that advisers can keep past kickbacks but as of July 1 2012, new clients will be subject to ...

Planning pracs down 10pc value

ELISE BURGESS  |  TUESDAY, 17 MAY 2011
... factors such as products, client's ages and fee arrangements all impacting on the outcome but that issues around grandfathering arrangements, watered down fiduciary duty and gearing have practices concerned for the value of their business. The Association ...

Count morphs into super entity with new AFSL

ELISE BURGESS  |  THURSDAY, 5 MAY 2011
... volume related payments through to licensees and financial advisers had opened up payments through to platforms and grandfathering provisions, favouring planning groups owned by fund managers and platform providers. "We will source platform infrastructure ...

Planners as fiduciaries to drive industry growth

MICHELLE BALTAZAR  |  MONDAY, 8 MAR 2010
... any fee reforms while industry funds have long offered fee-for-service advice to members. Meanwhile, a generous grandfathering approach will ease the planner move away from commission-based planning to fee-for-service.