Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 131 - 140 of 167 results for "Fee disclosure"

Coalition clears up FOFA questions

MELANIE TIMBRELL  |  MONDAY, 28 MAY 2012
... costs for both consumers and small business financial advisers. "We will seek to simplify and streamline annual fee disclosure requirements, which will of course continue to get messier and messier with every iteration of new documentation that comes ...

FOFA disadvantages early move on fee-for-service

MELANIE TIMBRELL  |  FRIDAY, 25 MAY 2012
... Australia (FPA) said that while his organisation is seeking clarification, because product fees are excluded from a fee disclosure statement, trail commissions embedded in product fees would therefore be exempt, creating a disincentive to move early ...

Senate committee gives FOFA green light

MELANIE TIMBRELL  |  THURSDAY, 15 MAR 2012
... recommendations include provision of minimum disclosure guidelines on what providers need to include in the annual fee disclosure statement and further detail on how the fee disclosure statement will apply to existing clients. Other recommendations on ...

AFA urges Independents to help change FOFA

CLAIRE MCGREAL  |  THURSDAY, 8 MAR 2012
... elements of the planned FOFA legislation. Issues outlined by the association include the removal of retrospective fee disclosure requirements and opt-in, to "improve the clarity and certainty" of best interest, to make sure the ban on conflicted remuneration ...

FOFA provisions will go ahead: PJC

ELISE BURGESS  |  THURSDAY, 1 MAR 2012
... geographical restrictions around training for advisers and asked that the Bill be amended to better explain the annual fee disclosure obligations for existing retail clients. On the role of the Australian Securities and Investments Commission (ASIC) ...

FOFA discontent rumbles on after PJC findings

CLAIRE MCGREAL  |  THURSDAY, 1 MAR 2012
Opt-in, annual fee disclosure and best interest remain the sticking points for industry bodies following yesterday's release of the Parliamentary Joint Committee report on FOFA. The 220 page report, which took into account over 70 submissions from concerned ...

Annual fee collation too complex: FPA to PJC

MELANIE TIMBRELL  |  TUESDAY, 24 JAN 2012
... Financial Services Bernie Ripoll has grilled the Financial Planning Association over claims the proposed annual Fee Disclosure Statement (FDS) as part of FOFA is unnecessary. Speaking at NSW Parliament House yesterday, FPA chief executive officer Mark ...

FOFA moderate and reasonable: ISN

CLAIRE MCGREAL  |  TUESDAY, 24 JAN 2012
... (ISN) representatives on whether they were "surprised" by the government's inclusion of a retrospective annual fee disclosure in the proposed legislation. Last year, various industry bodies claimed they had been blind-sided by this measure in the reforms. ...

FOFA reaches parliament with undisclosed feature

ELISE BURGESS  |  FRIDAY, 14 OCT 2011
... (the FOFA Bill) with the addition of a new feature of a retrospective disclosure statement, which will require fee disclosure statements for all existing clients. The Association of Financial Advisers (AFA) has expressed concern for small advice businesses ...

NTAA challenge planners to cut fees

ELISE BURGESS  |  TUESDAY, 19 OCT 2010
Full fee disclosure and an open discussion with clients are necessary to improve the credibility of the financial planning industry, according to a planning association. A newly established financial planning association yesterday said that the financial ...