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Showing 1451 - 1460 of 2026 results for "Legislation"

Advisers urged to keep up pressure on FOFA change

CLAIRE MCGREAL  |  FRIDAY, 16 MAR 2012
... date announcement, the financial planning industry has pledged to keep pushing for changes to elements of the planned legislation. Leading the charge from the Opposition benches is shadow assistant Mathias Cormann, who welcomed what he called the government's ...

Senate committee gives FOFA green light

MELANIE TIMBRELL  |  THURSDAY, 15 MAR 2012
The Senate Economics Legislation Committee has released its report on the future of financial advice bill recommending passage subject to nine recommendations. The report was tabled in Parliament yesterday, with the House of Representatives debate due ...

Mandatory FOFA start date confirmed for July 2013

CLAIRE MCGREAL  |  THURSDAY, 15 MAR 2012
... it as a "great outcome for common sense", but said it would keep up the pressure to amend certain elements of the legislation, including retrospective additional disclosure statements. "We believe it is in the best interest of consumers and planners ...

Take advantage of current concessional caps: OnePath

CLAIRE MCGREAL  |  WEDNESDAY, 14 MAR 2012
... over 50s from July 1. That's according to Andrew Lowe, head of technical sales strategy at OnePath, who said current legislation will see contribution caps drop from the current $50,000 to $25,000 for the next financial year. "Why it is particularly ...

Xenophon targets super funds for greater transparency

MELANIE TIMBRELL  |  WEDNESDAY, 14 MAR 2012
Remuneration together with better risk disclosure and information benchmarks will be the focus of new proposed legislation from independent Senator Nick Xenophon aimed at increased transparency in superannuation. The move was sparked by concern over ...

ASIC tackles platform industry

CLAIRE MCGREAL  |  TUESDAY, 13 MAR 2012
... operators disclose how they choose financial products for their investment menus. The regulator said the proposed FOFA legislation would be likely to have a "significant impact" on platforms, with the sector already seeing "considerable" change and growth. ...

Second exposure draft on IMR laws released

MELANIE TIMBRELL  |  THURSDAY, 8 MAR 2012
A revised draft of the Investment Manager Regime legislation has been released, following stakeholder feedback on the initial proposals designed to alleviate perceived tax disincentives on foreign managed funds investing in Australia. The Government ...

AFA urges Independents to help change FOFA

CLAIRE MCGREAL  |  THURSDAY, 8 MAR 2012
... Advisers has written to Independents and other MPs urging their support to change certain elements of the planned FOFA legislation. Issues outlined by the association include the removal of retrospective fee disclosure requirements and opt-in, to "improve ...

Franklin Templeton plans retail growth

CLAIRE MCGREAL  |  THURSDAY, 8 MAR 2012
... their expansion plans in the next four-six weeks, and envisages they will come on stream this year. The proposed FOFA legislation has also seen advisers shift the types of strategies they use, according to McKay. "The backdrop of FOFA makes more active ...

FOFA makes assumptions on churning: Synchron

CLAIRE MCGREAL  |  WEDNESDAY, 7 MAR 2012
... adviser's job to do this and in fact, under FOFA, there will be a financial penalty if they don't." Trapnell claims the legislation makes the assumption that advisers who move clients between various insurance companies are "churners", acting in their ...