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Showing 121 - 130 of 746 results for "FoFA"

Zenith re-rates BetaShares ETF

ALEX BURKE  |  TUESDAY, 13 OCT 2015
... periods," BetaShares managing director Alex Vynokur said. He added, "With the introduction of the best interests duty under FOFA, and in light of the high allocations to cash in SMSF and retiree investment portfolios, we've seen significant take up in ...

Multi-asset funds see huge lift in inflows

MARK SMITH  |  FRIDAY, 2 OCT 2015
... Multi-asset (MA) funds are set to remain at the top of the inflow tables in Europe as advisers turn to them in the face of FOFA-like reforms, according to global analytics firm Cerulli Associates. The research says more advisors are recommending MA funds ...

Retail funds recommending advice fee rates

MARK SMITH  |  WEDNESDAY, 30 SEP 2015
While retail super funds post-FOFA have unbundled their embedded advice commissions, half still recommend an average 0.55% in ongoing advice service fees, the annual super fee survey from Rainmaker reveals. As a result of the compulsory adoption of ...

SMSF Association farewells super shadow minister

DARREN SNYDER  |  TUESDAY, 29 SEP 2015
... Financial Services Committee. "The Ripoll report into the financial services industry helped lay the foundations for the FoFA legislation. Although we differed on some of the report's proposals, we always recognised its importance," Slattery said. "As ...

Succession planning is not a waiting game

ALEX BURKE  |  TUESDAY, 29 SEP 2015
... retirement and exit plans. In fact, if you are waiting for the economy to move into growth mode; or for the government to pass the FoFA legislation - forget it." Instead, Tynan suggested practice owners should base their succession plans on a "balance ...

ANZ restructures advice licensees

LAURA MILLAN  |  FRIDAY, 4 SEP 2015
... Neil Younger said on a written statement: "With a changing environment for licensees and additional complexity in a post FoFA world, we believe this change to our management structure strengthens our ability to support growth in both of the licensee ...

Planners ready for Trowbridge

ALEX BURKE  |  MONDAY, 31 AUG 2015
... advice to become less profitable," said Investment Trends senior analyst King Loong Choi. "But, as they have proven with FoFA, Australian financial planners are very good at adapting to change, and many anticipate to evolve their business models accordingly." ...

Intra-fund advice can be improved: WSSA

DARREN SNYDER  |  WEDNESDAY, 26 AUG 2015
... Treasurer Josh Frydenberg addressed the conference via video-link and said one of the refinements the government was pursuing for FOFA was to clarify the definition of intra-fund advice. "This will ensure that remuneration structures for these arrangements ...

Centrepoint's wealth business up 10pc

DARREN SNYDER  |  MONDAY, 24 AUG 2015
... wealth business was down 3% to $31.6 million, expenses also declined 6% to $24.4 million. Centrepoint said growth in post FoFA wealth revenues was offsetting the loss of grandfathered income. The company said although its new flat fee adviser model encouraged ...

Rethinking robo regulation

MARK SMITH  |  THURSDAY, 6 AUG 2015
... is 'judgment'. How does that apply to a robo solution?" Vrisakis believes that from a legal standing, the wording of the FoFA legislation must be tweaked to accommodate new technology. "The way to deal with automated advice under FoFA is to modify obligations. ...