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Showing 211 - 220 of 746 results for "FOFA"

FoFA disallowance vote will save "millions"

ALICE URIBE  |  TUESDAY, 15 JUL 2014
The government's deal with the Palmer United Party (PUP) to retain the Future of Financial Advice (FoFA) legislation will save the financial services industry millions of dollars according the Financial Planning Association (FPA). Commenting on the ...

Senate votes against disallowing FoFA amendments

LAURA MILLAN  |  TUESDAY, 15 JUL 2014
The Labor and Greens attempt to disallow government changes to the Future of Financial Advice (FoFA) legislation failed after the Coalition was able to secure last-minute support from the Palmer United Party (PUP). The motion to disallow the government's ...

Labor forces tabling of FoFA regulations

LAURA MILLAN  |  THURSDAY, 10 JUL 2014
The Labor Party tabled the regulations of amendments to the Future of Financial Advice (FoFA) amendments yesterday in the Senate. Labor Senator Sam Dastyari presented an order for the production of the Corporations Amendment (Streamlining Future of ...

What happened to the ISA-FSC accord?

JAMES FERNYHOUGH  |  WEDNESDAY, 9 JUL 2014
... giving the FSC the political advantage (Brogden himself is a former NSW Liberal leader); the Future of Financial Advice (FoFA) reforms have been amended to give the retail sector some wiggle room; and the FSC and ISA have faced off in court over the ...

Labor questions Murray, calls for another inquiry

LAURA MILLAN  |  WEDNESDAY, 9 JUL 2014
... refusing to use," he said. Labor will also seek to disallow the government's amendments to the Future of Financial Advice (FoFA) reforms over the next two weeks. Greens Senator Peter Whish-Wilson revealed yesterday that he has written a letter to Prime ...

Intra-fund advice exemptions in doubt

JAMES FERNYHOUGH  |  TUESDAY, 8 JUL 2014
... around block charging members for financial advice if the Senate blocks the amendments to the Future of Financial Advice (FoFA) reforms, Finance Minister Mathias Cormann has said. Singling out exemptions made by the previous government allowing super ...

Macquarie rebukes advice, compliance concerns

LAURA MILLAN  |  TUESDAY, 8 JUL 2014
... Investments Commission (ASIC) "to resolve all its matters of concern." "This has been a very full process coinciding with the FoFA reforms and resulting in extensive investment in new systems, processes and training. This work is ongoing," Macquarie ...

ISA FoFA report sparks industry outrage

LAURA MILLAN  |  MONDAY, 7 JUL 2014
... as wrong, inaccurate and misleading. "Consumers are being misled by a scare campaign on [the Future of Financial Advice] FoFA orchestrated by Industry Super Australia," the Financial Services Council (FSC) said today. In the report, ISA identified nine ...

FoFA future uncertain as Palmer threatens to join opposition

LAURA MILLAN  |  MONDAY, 30 JUN 2014
The government's efforts to give financial advisers more certainty by passing some of the Future of Financial Advice (FoFA) reforms through regulations could be in vain as Clive Palmer suggested his party, Palmer United, does not support the measures. ...

Retail funds also guilty of 'Compare the Pair' vagueness

JAMES FERNYHOUGH  |  THURSDAY, 26 JUN 2014
... Brad Fox said the ASIC ruling demonstrated that ISA could not be trusted in its position on the Future of Financial Advice (FoFA) reforms. "This from the very group that has been so vocal about the FoFA amendments and the need for consumer protection. ...