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Showing 171 - 180 of 746 results for "FOFA"

FoFA disallowance could put industry into breach of law

LAURA MILLAN  |  WEDNESDAY, 19 NOV 2014
... crossbench Senators has pushed for a motion to disallow the Coalition's proposed changes to the Future of Financial Advice (FoFA) legislation in a move that could put the industry immediately into breach of law. The motion is supported by a Senate majority ...

Increased record keeping provisions for advisers

LAURA MILLAN  |  TUESDAY, 18 NOV 2014
... advice was provided. The Fold Legal senior compliance consultant Sonia Cruz said that the new Future of Financial Advice (FoFA) requirements make it clear that the Australian Securities and Investments Commission (ASIC) believes good record keeping systems ...

Non-aligned licensee inquiries to rise in 2015

LAURA MILLAN  |  MONDAY, 17 NOV 2014
... said. He made the decision to leave a large dealer group and set up his own AFSL because "when we looked at the spirit of the FoFA reforms, we couldn't see how you could be an authorised representative of a big licensee and provide advice in the client's ...

SelectingSuper fund award finalists announced

STAFF WRITER  |  MONDAY, 20 OCT 2014
... UniSuper, Vision Super, VISSF and Zurich Super Plan. Page said the superannuation sector, as a result of MySuper and the FOFA reforms, is going through its most innovative period ever and that will be the theme of this year's awards breakfast.

Labor considers ban on insurance commissions

LAURA MILLAN  |  TUESDAY, 14 OCT 2014
... Conference in Cairns, shadow Treasurer Chris Bowen told media that while Labor exempted risk advisers from a commission ban under FoFA, it was now reconsidering this stance. "Risk advisers were exempted because we were concerned about the level of underinsurance ...

Low cost retail jumps 82pct

STAFF WRITER  |  MONDAY, 13 OCT 2014
... amount to less than $10 billion, the segment is inline for rapid growth underpinned by the MySuper transition and impact of FOFA. Rainmaker has just released its June 2014 Advantage report containing results of its June 2014 platform and advice surveys. ...

AFA presents renewed strategy and Narrative

LAURA MILLAN  |  SUNDAY, 12 OCT 2014
... priorities and chief operating officer Phil Anderson briefed members about the association's policy agenda. In addition to FoFA, TASA and the Financial System Inquiry (FSI), the Australian Securities and Investments Commission (ASIC) latest report on ...

One third of risk advisers non-compliant, ASIC says

JAMES FERNYHOUGH  |  THURSDAY, 9 OCT 2014
... their clients. However, this result must be achieved on a more consistent basis," Kell said. The Future of Financial Advice (FoFA) reforms' ban on commissions did not extend to life insurance. ASIC's report found that high upfront commissions are more ...

Super returns lift to 11.1%

STAFF WRITER  |  FRIDAY, 3 OCT 2014
... time retail funds have been so dominant in the leading Workplace category, potentially reflecting the way the MySuper and FOFA reforms have shaken-up the fee models available in the market and also the introduction of life stage investment options. They ...

Innovation to drive 2014 AFA Conference

MARK SMITH  |  THURSDAY, 2 OCT 2014
The upcoming Association of Financial Advisers (AFA) National Conference is looking into the industry's post-FoFA future and focusing this year's event on the theme of innovation. With the regulatory environment all but finalised, the tagline for the ...