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Showing 191 - 200 of 746 results for "FoFA"

Vertical integration good for consumers, competition: instos

LAURA MILLAN  |  MONDAY, 1 SEP 2014
... Bank (CBA) acknowledged that "vertical integration can result in conflicts," but noted that the Future of Financial Advice (FoFA) reform "places a number of obligations on advisers and product providers, most notably the duty on financial advisers to ...

FoFA legislative changes pass in the House of Reps

LAURA MILLAN  |  THURSDAY, 28 AUG 2014
The House of Representatives has voted in favour of the government's amendments to the Future of Financial Advice (FoFA) legislation. The members of Parliament voted following a long debate where the Coalition outlined its position in favour of the ...

Profit up and new products for ClearView

MARK SMITH  |  WEDNESDAY, 27 AUG 2014
... insurance cross-sell opportunities as the major reason ahead of the need to target direct distribution or respond to the FOFA reforms. They said the product will be "a compelling mid-market product targeted at smaller account balances, coupled with a ...

Government tables FoFA bill in House of Reps

LAURA MILLAN  |  WEDNESDAY, 27 AUG 2014
The Coalition has reintroduced the amendments of the Future of Financial Advice (FoFA) bill into the House of Representatives, reigniting the political debate around financial planning legislation. The government's move follows the opposition's failed ...

CBA dismisses Murray's concerns over vertical integration

LAURA MILLAN  |  THURSDAY, 14 AUG 2014
... designed to do the right thing by the consumer," he said. Narev argued that "in the spirit of [Future of Financial Advice] FoFA, the intent was to make sure that no matter how you're dealing with a customer, you are dealing in their best interest." He ...

Do not take adviser loyalty for granted: research

LAURA MILLAN  |  TUESDAY, 12 AUG 2014
... Wrap, the BT Wrap and the Asgard eWRAP seemed the most attractive options among advisers who wanted to switch. "Following FoFA, and perhaps as a consequence of the introduction of the best interest duty, they now have increasing freedom," Investment ...

Bowen supports lump sum status quo

JAMES FERNYHOUGH  |  THURSDAY, 7 AUG 2014
... Superannuation Guardians, with the current government scrapped. He called the amendments to the Future of Financial Advice Reforms (FoFA) "shambolic, secretive and dismissive of proper processes," and signaled a future Labor government would look to ...

FSC Conference: Experts forecast FSI outcomes

MARK SMITH  |  WEDNESDAY, 6 AUG 2014
... insurance and super options. He also expects the FSI to ask for additional advice disclosure and licensing measures beyond FoFA including a distinction between personal advice and general product information. Chipman praised the report's strong appreciation ...

Claims against advice arm have no factual basis: Macquarie

LAURA MILLAN  |  MONDAY, 4 AUG 2014
... million over the past two years to implement new processes, practices and systems to respond to the Future of Financial Advice (FoFA) legislation and to the enforceable undertaking (EU) that it entered with the Australian Securities and Investments Commission ...

In the throes of change

MICHELLE BALTAZAR  |  TUESDAY, 29 JUL 2014
From the Financial Systems Inquiry to the value of vertical integration and post-FOFA advice, next week's Financial Services Council (FSC) conference will tackle issues that will shape the industry in future years. The annual FSC conference is unique ...