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Showing 211 - 220 of 261 results for "General advice"

Industry pushes for more consumer protection under FoFA

LAURA MILLAN  |  TUESDAY, 25 MAR 2014
... Coalition's proposed amendments could potentially reintroduce commissions back to superannuation and investment within general advice. FPA chief executive Mark Rantall told Financial Standard that the organisation will continue to push for an explicit ...

Cormann freezes FoFA amendments

MARK SMITH, ALICE URIBE  |  MONDAY, 24 MAR 2014
... charting a new way forward." The FoFA amendments bill that was introduced into the Parliament last week limited the general advice exemption, but did not explicitly forbid commissions. The Corporations Amendment (Streamlining of FoFA) Bill 2014, however ...

Industry receives FoFA bill with mixed feelings

LAURA MILLAN  |  THURSDAY, 20 MAR 2014
... (FoFA) with mixed reactions. "The Financial Planning Association is supportive of the amendments, other than the general advice exemption on advice and superannuation products," the FPA chief executive Mark Rantall told Financial Standard. Rantall said ...

Government limits general advice exemption in FoFA amendments

LAURA MILLAN  |  THURSDAY, 20 MAR 2014
... Future of Financial Advice (FoFA) amendments bill that was introduced into the Parliament yesterday has limited the general advice exemption, but does not explicitly forbid commissions. The Corporations Amendment (Streamlining of FoFA) Bill 2014 did ...

FoFA introduced into parliament with some tweaks

ALICE URIBE  |  WEDNESDAY, 19 MAR 2014
... Corporations Amendment (Streamlining of Future of Financial Advice) Bill 2014 saw an 11th hour amendment to the general advice component which restricts the receipt of conflicted remuneration to employees only of a financial services licensee. The Financial ...

Professional planners don't accept commissions: FPA

ALEX DUNNIN  |  WEDNESDAY, 19 MAR 2014
... be payable on any form of investment or superannuation, regardless of whether it's specific personal advice or general advice," said Rowe, speaking on ABC television's Lateline program last night. "It's about managing the conflict [of interest]. With ...

FPA "extremely wary" of general advice commissions

LAURA MILLAN  |  FRIDAY, 21 FEB 2014
... of Financial Advice (FoFA) says the organisation is "extremely wary of product distribution models which rely on general advice." The 20-page document obtained by Financial Standard recommends to the government that "the general advice exemption from ...

General advice exemption "irrelevant" to advisers: AFA

LAURA MILLAN  |  FRIDAY, 21 FEB 2014
The Association of Financial Advisers (AFA) has judged the general advice exemption to conflicted remuneration "irrelevant" in its submission to Treasury about the proposed amendments to the Future of Financial Advice (FoFA). "The AFA does not believe ...

FoFA changes go too far diluting conflicted rem: ISA

LAURA MILLAN  |  FRIDAY, 21 FEB 2014
... Commission (ASIC). Campo listed "the more problematic exemptions proposed," which according to ISA include the general advice exemption "which will allow commissions to be paid to advisers, call centre staff and bank tellers for promoting products including ...

FoFA reform brings general advice into the spotlight

LAURA MILLAN  |  MONDAY, 17 FEB 2014
... Ripoll, Industry Super Australia (ISA) and the Financial Planning Association (FPA) have said that the exemption to general advice could bring back the commissions that FoFA intended to eliminate. However, the Association of Financial Advisers (AFA) ...