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

Search Results

Showing 151 - 160 of 189 results for "Conflicted remuneration"

Corporate super advisers see revenue decline under FoFA

LAURA MILLAN  |  THURSDAY, 4 JUL 2013
... same time, provide advice services paid for by the super fund, a combination that is considered to be 'conflicted remuneration' under the FoFA legislation. Super Advice Services is one of the advice practices affected by the legislation and its managing ...

Industry welcomes grandfathering extension

LAURA MILLAN  |  WEDNESDAY, 3 JUL 2013
... industry 12 more months to prepare for the full implementation of some of the critical elements of the conflicted remuneration obligations, including grandfathering. "A draft regulation, changing the impact of grandfathering, was released in March 2013 ...

Customised portfolios ease FoFA burden

MARK SMITH  |  TUESDAY, 18 JUN 2013
... portfolios in this manner has increasing relevance in meeting the best interest test and avoiding the conflicted remuneration obligations under FoFA." Select said funds with functions such as tail-risk hedging are not as easily available through wrap ...

Corporate super specialists ask Treasury for FoFA exemption

JAMES FERNYHOUGH  |  FRIDAY, 7 JUN 2013
... corporate super specialists. The CSSA made the request for a no-action letter in an attempt to bypass conflicted remuneration provisions of the Future of Financial Advice (FoFA) reforms, which come into effect on 1 July. Under current provisions, corporate ...

Regulation remains unclear a month out from FoFA

LAURA MILLAN  |  TUESDAY, 4 JUN 2013
... roadshow held today in Sydney. Some of the aspects that need to be clarified are around grandfathering and conflicted remuneration, stockbrokers and brokerage fees, intra fund advice being removed from the opt-in obligation, FoFA requirements on advice ...

BT upgrades Asgard and BT Wrap ahead of FoFA

STAFF WRITER  |  WEDNESDAY, 22 MAY 2013
... the group responded to adviser needs and reduced the administrative burden of managing FDSs, opt-out and conflicted remuneration obligations. "The FDS produced will provide advisers with all the ongoing advice fees charged to their client. This functionality ...

CFS upgrades FirstChoice and FirstWrap platforms

MARK SMITH  |  TUESDAY, 7 MAY 2013
... information to assist advisers with their Fee Disclosure Statement (FDS) obligations from 1 July. The payment of conflicted remuneration has also been removed on FirstChoice Retail which means new clients are eligible for an automatic fee rebate from ...

Govt moves to enshrine 'financial adviser' label

ALICE URIBE  |  WEDNESDAY, 20 MAR 2013
... strengthens the benefits of the FoFA reforms, in particular the introduction of Best Interest and the removal of conflicted remuneration," Mr Rantall said. AFA chief executive Brad Fox said the move could change the perception of financial advice. "It ...

More details needed on conflicted remuneration guide

LAURA MILLAN  |  TUESDAY, 5 MAR 2013
... (AFA) have welcomed the release of the Australian Securities and Investments Commission (ASIC) guidance on conflicted remuneration but have asked for more clarity on some of the main aspects. The guidance was released yesterday afternoon and it aims ...

Industry bodies welcome Code of Conduct update

LAURA MILLAN  |  MONDAY, 4 MAR 2013
... focus their attention on the far more pressing issues of compliance with Fee Disclosure Statements and Conflicted Remuneration, enabling them to take the time to consider fully how they wish to be bound by a Code of Conduct and through which professional ...