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Showing 111 - 120 of 746 results for "FOFA"

FPA supports "bitter harvest" recommendations

ALEX BURKE | FRIDAY, 18 MAR 2016

... committee's report is part of a broader reform agenda for financial services, and argued that more needed to be done. "The FOFA reforms are a positive step, but the fact is that many of the product failures and consumer losses associated with agribusiness ...

Senate recommends immediate adviser bans following "bitter harvest"

ALEX BURKE | TUESDAY, 15 MAR 2016

... advisers to receive "incentive payments". As such, the committee recommended ASIC be "vigilant" in monitoring the application of FoFA legislation and advise government on any existing legislative weaknesses. Part of this would involve new amendments ...

Parliament passes FoFA amendments

ALEX BURKE | THURSDAY, 3 MAR 2016

... measures such as treating insurance products and non-cash payments as any other "simple" financial product, broadening the FoFA education and training provision to encompass training for "carrying on a financial services business," and "clarifies the ...

ACE forced to pay $1m for poor Combined sales culture

MARK SMITH | FRIDAY, 26 FEB 2016

... take reasonable steps to ensure representatives complied with the best interests laws under the Future of Financial Advice (FOFA) reforms. ACE also admitted that between 1 January 2012 and 30 June 2014 a limited number of Combined sales staff oversold ...

Lonsec portfolios added to Macquarie and HUB24 platforms

ALEX BURKE | MONDAY, 1 FEB 2016

... wealth of investment research, the portfolios invest in managed funds, listed securities and alternative assets. "In a post FoFA environment advisers and licencees are challenged to find more efficient and effective approaches to delivering outcomes ...

FoFA end marks start of new advice era

LAURA MILLAN | MONDAY, 30 NOV 2015

The passing of the last amendments to the Future of Financial Advice (FoFA) legislation puts the controversial bill to bed and marks the start of a new age for financial advisers. Years of policy tinkering and regulatory uncertainty ended last week ...

Parliament repeals key FoFA amendments

LAURA MILLAN | TUESDAY, 24 NOV 2015

The Parliament has approved a Government motion to repeal key amendments to the Future of Financial Advice (FoFA) reforms in a move that has taken other MPs and industry stakeholders by complete surprise. The repeal affects the Government's proposed ...

Advice M&A deals boom after years of stagnation

LAURA MILLAN | FRIDAY, 20 NOV 2015

... stopped buying. This, combined with the uncertainty around the grandfathering provision in the Future of Financial Advice (FoFA) legislation meant that all M&A activity stalled. "As financial planning businesses, we have been operating in a market that ...

Banks face wealth management challenges

DARREN SNYDER | TUESDAY, 3 NOV 2015

... are implemented to assist in satisfying new regulatory obligations, including Stronger Super, Future of Financial Advice (FOFA) reforms, and the Foreign Account Tax Compliance Act (FATCA). Other factors such as inflationary influences and the lower Australian ...

AMP wealth earnings down post-Genesys closure

ALEX BURKE | FRIDAY, 23 OCT 2015

... update added that some losses were also driven by "increased investment market volatility and continued implementation of FoFA reforms." Assets under management also fell slightly - by 3% from the previous quarter to $111.1 billion, which the update ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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