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Showing 101 - 110 of 136 results for "Best Interest Duty"

FoFA changes must go before parliament: Collins

JAMES FERNYHOUGH  |  MONDAY, 10 FEB 2014
... Southern, Storm and Trio culminated in a parliamentary inquiry which found that, among other reforms required, a best interest duty was necessary to improve the minimum quality of advice in Australia." He said all members of the committee supported this ...

Sinodinos defends "speedy" FoFA legislation

ALICE URIBE  |  FRIDAY, 31 JAN 2014
... included removing the opt-in requirement, streamlining the annual fee disclosure requirements, amending the best interest duty to allow for scaled advice, exempting general advice from conflicted remuneration; and amending grandfathering to allow for ...

FoFA reforms put professional standards at risk: Ripoll

LAURA MILLAN  |  THURSDAY, 30 JAN 2014
... included removing the opt-in requirement, streamlining the annual fee disclosure requirements, amending the best interest duty to allow for scaled advice, exempting general advice from conflicted remuneration; and amending grandfathering to allow for ...

Government releases FoFA draft legislation

ALICE URIBE  |  WEDNESDAY, 29 JAN 2014
... include removing the opt-in requirement, streamlining the annual fee disclosure requirements, amending the best interest duty to allow for scaled advice, exempting general advice from conflicted remuneration; and amending grandfathering to allow for ...

Fears to FoFA amendments "overplayed": AFA

LAURA MILLAN  |  WEDNESDAY, 22 JAN 2014
Fears that the amendments to the best interest duty of the Future of Financial Advice (FoFA) legislation will affect the quality of advice are "overplayed," the Association of Financial Advisers (AFA) said. "Improving the best interest duty does help ...

Government releases FoFA amendments

LAURA MILLAN  |  FRIDAY, 20 DEC 2013
... arrangements are significantly more costly to apply to pre-1 July 2013 clients." The government will also modify the best interest duty "to explicitly allow for the provision of scaled advice." "The changes will enable advisers to agree on the scope ...

FPA to lobby against FoFA redundancy

LAURA MILLAN  |  THURSDAY, 5 DEC 2013
... its proposal to amend the legislation. "Opt-in is redundant in a fee-for-service world where advisers have a best interest duty and where fee disclosure statements are required," FPA chief executive Mark Rantall said. "To add that additional piece of ...

Republicans vote that advisers have no best interest duty

ALEX DUNNIN  |  FRIDAY, 1 NOV 2013
In scenes reminiscent of Australia's looming political debate to wind back the adviser best interest duty, the Republican-dominated Congress in the US has voted for a bill that allows advisers to act without putting their clients' best interests first. ...

Read the rules, says ASIC

MARK SMITH  |  TUESDAY, 15 OCT 2013
ASIC deputy chairman Peter Kell reassured advisers at the AFA conference that the FoFA best interest duty is not as strict as people think. He reminded them to read the regulatory guidance before jumping to conclusions. "We're just over three months ...

Midwinter adapts planner software to client profile

LAURA MILLAN  |  WEDNESDAY, 9 OCT 2013
... advice (SOA) has been rewritten to make it compliant with the Future of Financial Advice (FoFA) reforms and the best interest duty. The new SOA focuses on self-managed super funds (SMSFs), portfolio review, portfolio management and research. AdviceOS ...