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Showing 111 - 120 of 148 results for "FOFA reforms"

Rice Warner clarifies $11 estimate

ELISE BURGESS  |  THURSDAY, 15 SEP 2011
... with the cost of contacting clients who are not serviced regularly or the implementation and ongoing costs of other FOFA reforms. Rice Warner said it also clearly assumed advisers are in regular annual contact with clients when forming the estimate and ...

Uncertainty and consolidation just the beginning: AFA

ELISE BURGESS  |  MONDAY, 12 SEP 2011
The sale of independent dealer group, Count Financial, is just the beginning of the impact of the FOFA reforms as planning groups compete for market share, said the Association of Financial Advisers. The association has expressed concern for independent ...

SPAA calls for fraud net to be cast wider

MATT WOODINGTON  |  TUESDAY, 9 AUG 2011
... decisions on financial advisers being included in a last resort compensation scheme should be delayed until after the FOFA reforms are finalised. The association also appealed to ASIC to do a better job of monitoring and reviewing insurance policies ...

Bendigo Wealth plays part in group profits

MATT WOODINGTON  |  TUESDAY, 9 AUG 2011
... said. In June, Bendigo Wealth expanded and restructured its team with seven senior appointments in preparation for FOFA reforms and new product launches. Bendigo and Adelaide, which has around $4 billion in funds under management, has reportedly made ...

Industry uncertainty limits MDAs

ELISE BURGESS  |  THURSDAY, 28 JUL 2011
... Providers (IMAP) reported a rising interest in managed discretionary accounts (MDA) since the introduction of the FOFA reforms, but that this interest was hampered by a lack of understanding and clarity in the wider wealth management market. Toby Potter ...

OnePath arms planners with post FOFA program

MATT WOODINGTON  |  MONDAY, 4 JUL 2011
... are available online through the OnePath Adviser Advantage website. "OnePath and ANZ Wealth are supportive of the FOFA reforms in their aim to increase public confidence in financial planning and making it more assessable to all Australians," said Barrett. ...

Advisers turn from managed funds to ETFs: BetaShares

ALISON BEVEGE  |  WEDNESDAY, 22 JUN 2011
... "That's changing because of the quite obvious reforms taking place in the way they charge clients." Israelstam said the FOFA reforms were pushing more planners towards ETFs. Drew Corbett, Head of Investment Strategy and Distribution, BetaShares, said ...

Super the nation's best money aggregator

ALEX DUNNIN  |  THURSDAY, 16 JUN 2011
... industry and retails funds is only part of the story. "Half a per cent can come out of the cost base [following the FOFA reforms], but so much of the distribution system is about paying people to herd people into chronically under-performing funds," ...

Financial PDS' 'Shortened'

RACHEL DAVIS  |  THURSDAY, 9 JUN 2011
... of the Government's move to protect consumers from overly confusing financial statements and should complement the FOFA reforms while cutting down admin costs for business. "The simplified PDS changes complement the Government's Future of Financial Advice ...

Advisers to decide opt in: AusFIN

ELISE BURGESS  |  TUESDAY, 7 JUN 2011
... advisers have protested against the change. Yet the Australian Financial Integrity Network (AusFIN), which supports the FOFA reforms, has now said that the opt in proposal is actually in the advisers' hands if they are willing to drop their on-going ...