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Showing 121 - 130 of 148 results for "FOFA reforms"

Shorten responds to bias accusations

ELISE BURGESS  |  FRIDAY, 3 JUN 2011
Assistant Treasurer Bill Shorten has refuted claims made by planner association critics that have suggested his FOFA reforms are an industry funds puppet, with a spokesman labelling the claims as "a bit rich". Yesterday the Association of Financial ...

Proposed tough planner rules

ELISE BURGESS  |  THURSDAY, 2 JUN 2011
... the financial advice space is needed and that the Government should be providing independent modelling which proves FOFA reforms would result in better outcomes for consumers. "This is what should be the fundamental focus of FOFA," Klipin said. The Institute ...

Industry funds, independent platforms stand up for FOFA reforms

ALISON BEVEGE  |  WEDNESDAY, 1 JUN 2011
... target the four independent members of the Federal House of Representatives in their bid to have elements of the FOFA reforms scrapped. Since then consumer groups and industry fund representatives have criticized the opposition to the reforms, calling ...

Merged planning groups plot Snowball effect

MATT WOODINGTON  |  THURSDAY, 26 MAY 2011
... predominantly in the high net worth clients' space. McDonald said that the combined business would be "doubly ready" for the FOFA reforms if and when they become a reality. Both Snowball and Shadforth have been actively pursuing M&A strategies and have ...

Oakeshott won't back FOFA

ALEX DUNNIN  |  THURSDAY, 26 MAY 2011
... whether the whole advice reform package will make it past its first parliamentary hurdle. Oakeshott wavering on the FOFA reforms is significant because the Opposition only needs to convince one of the four government aligned independents to cross the ...

New Russell manager to tackle prac management

ELISE BURGESS  |  MONDAY, 9 MAY 2011
... overseas markets including America, Canada and the United Kingdom with the investment manager finding the recent FOFA reforms providing a solid foundation to launch the program on in Australia. Features of the program include tailored front and back-office ...

Innovative platforms create $397 bn industry

ELISE BURGESS  |  FRIDAY, 6 MAY 2011
... Platform Report, which found the level of innovation throughout last year gave advisers the tools they need to survive FOFA reforms. Key features revolve around a fee-for-service business model and platforms that navigate more intuitively. "The arms ...

Count morphs into super entity with new AFSL

ELISE BURGESS  |  THURSDAY, 5 MAY 2011
... grandfathering type arrangement in the future, there will be a narrowing of strategic platforms." In light of the FOFA reforms, Gale said that Count are expecting a high level of consolidation to take place between larger licensees such as Count and ...

Accountants scope FOFA for opportunities

ELISE BURGESS  |  FRIDAY, 29 APR 2011
... new potential opportunities for accountants to provide 'non-product' financial advice to clients in light of the FOFA reforms. CPA Australia, Institute of Chartered Accountants in Australia and National Institute of Accountants, which make up the body ...

AustralianSuper new player in advice industry

ELISE BURGESS  |  FRIDAY, 29 APR 2011
... advice and super service for clients. The fund said that in light of the Cooper Review, the Ripoll Report and new the FOFA reforms, a partnership between the industry super fund and planning groups makes practical sense. AustralianSuper, which currently ...