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Showing 1151 - 1160 of 1728 results for "Provisio"

Best Interest drives advisers away from products

LAURA MILLAN  |  MONDAY, 29 JUL 2013
The Best Interest Duty provision of the Future of Financial Advice (FoFA) regulation is designed to make planners give comprehensive advice in a process where recommending a product is "the last piece of the puzzle." At the end of the advice process ...

FoFA could lock advisers into licensees for life

LAURA MILLAN  |  FRIDAY, 26 JUL 2013
The additional Future of Financial Advice (FoFA) regulations concerning the grandfathering provision could lock advisers into their licensee's dealership for life, consultancy firm Radar Results said. Industry bodies are already lobbying for changes ...

Former Hostplus marketing head joins Frontier

JAMES FERNYHOUGH  |  WEDNESDAY, 24 JUL 2013
Frontier Advisors has appointed Wayne Sullivan as its new head of marketing and business development, taking effect from 1 August. Sullivan was previously head of marketing at industry superannuation fund Hostplus and prior to that he worked at Sunsuper ...

Scaled advice to shape industry future

LAURA MILLAN  |  TUESDAY, 23 JUL 2013
The Future of Financial Advice (FoFA) reforms will bring an increase of demand for scaled advice over the long term and the cost of advice will go down, Rice Warner research commissioned by Industry Super Network (ISN) found. The report based on modelling ...

Grandfathering uncertainty already affecting businesses

LAURA MILLAN  |  MONDAY, 22 JUL 2013
Dealer groups are already feeling the consequences of the uncertainty around the grandfathering provisions within the new Future of Financial Advice (FoFA) regulations with planners hesitant to change licensees until the legislation is clearer. Synchron ...

Super funds unready for trans-Tasman transfer rules

JAMES FERNYHOUGH  |  MONDAY, 22 JUL 2013
New laws allowing trans-Tasman emigrants to take their superannuation with them are finding themselves frustrated by Australian funds struggling to keep up with the requirements. Under the trans-Tasman portability arrangements which came into effect ...

Blue Sky invests $20m in Oak Tree retirement villages

MARK SMITH  |  WEDNESDAY, 17 JUL 2013
A fund managed by Blue Sky Private Equity (BSPE) has taken a significant minority stake in Australian retirement community operator Oak Tree Group, investing more than $20 million. The Oak Tree Group will use the investment to fund the development of ...

Coalition confirms plans for FoFA amendments

LAURA MILLAN  |  TUESDAY, 9 JUL 2013
The Coalition has confirmed that it will amend the Future of Financial Advice (FoFA) regulation if it comes to power after the next federal elections. The Coalition has made public a 30 page document called "Policy to boost productivity and reduce regulation" ...

Fidelity set to expand Australian presence

MARK SMITH  |  MONDAY, 8 JUL 2013
New Fidelity country head Michael Bargholz has confirmed plans to expand Fidelity's investment capability in Australia with a number of new products. The global asset manager's top-performing Australian equities provision will be grown to include a ...

Stronger Super look-through requirements may erode competitive edge

JAMES FERNYHOUGH  |  FRIDAY, 5 JUL 2013
The federal government's comprehensive look-through requirements, due to come in on July 1 2014, may compromise confidentiality agreements and erode members' returns, according to Graeme Miller, Towers Watson's director of investment services Australia. ...