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Showing 101 - 110 of 148 results for "FOFA reforms"

Industry hits out at Best Interest

CLAIRE MCGREAL  |  FRIDAY, 25 NOV 2011
... the proposed duty would only serve to drive up the cost of advice. "This duty undermines a core objective of the FOFA reforms - to increase the availability and accessibility of advice," said John Brogden, chief executive FSC. "Our legal advice tells ...

Ripoll defends FOFA integrity

ELISE BURGESS  |  MONDAY, 21 NOV 2011
A heated panel session between government and industry heavyweights about the FOFA reforms led to calls for a realistic debate and new government promises, with opt-in dominating the discussion. In a session at the Financial Planning Association's annual ...

FPA award winners embrace FOFA

ELISE BURGESS  |  MONDAY, 21 NOV 2011
... of Financial Advice (FOFA) are already part of their daily practice. "I am 100% already implementing the proposed FOFA reforms, in fact I think they should have been introduced sooner," said Elliott. Fenwick agreed that while his opinion on insurance ...

FOFA will pass: Shorten, FPA

ELISE BURGESS  |  FRIDAY, 18 NOV 2011
Minister for Financial Services and Superannuation Bill Shorten and the FPA agree that the FOFA reforms will pass through parliament, with the Minister urging planners to embrace change as a necessary survival tool for the betterment of the industry. ...

Accountants partner up with AXA and MLC to offer financial advice

CLAIRE MCGREAL  |  MONDAY, 14 NOV 2011
... Accountants' 6,300 public practice members with a financial services package. The move comes in response to planned FOFA reforms, which will remove accountants' exemption from giving financial advice under certain terms. The new service will offer Institute ...

Advisers distracted by industry funds: RiskStore

ALEX DUNNIN  |  FRIDAY, 4 NOV 2011
... Industry Superannuation Network and investment manager, IFM. The campaign noise amidst the political tension over the FOFA reforms has, however, fuelled intense exchanges on blog sites that reflect poorly on the advice industry, noted The Risk Store. ...

FOFA reforms are a soft landing

RACHEL DAVIS  |  MONDAY, 24 OCT 2011
... a movement to change, even before the inquiry," Ripoll told conference delegates. "I am more than happy with the FOFA reforms, they represent a balance, a soft landing. "We never expected complete agreement and there needs to be some tension in the process ...

International planning expert urges advisers to voice FOFA concerns

CLAIRE MCGREAL  |  WEDNESDAY, 19 OCT 2011
... find time to meet with potential customers due to mounting compliance paperwork they have to complete as part of FOFA reforms. That's according to Canadian expert on financial planning Bruce Etherington, who has been brought to Australia by Asteron to ...

Second tranche of FOFA well received: industry

ELISE BURGESS  |  THURSDAY, 29 SEP 2011
The second tranche of FOFA reforms has earned a warm, albeit subdued, welcome from the industry with little or no reaction from large dealer groups but solid support from industry associations. In response to the Future of Financial Advice (FOFA) reforms ...

ISN submission targets advice requirement

ELISE BURGESS  |  TUESDAY, 20 SEP 2011
A FOFA reforms submission from the Industry Super Network to Treasury has called for stronger legal requirements around financial advice and better consumer protection. The Industry Super Network (ISN) has requested that the Government strengthen legal ...