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Showing 271 - 280 of 746 results for "FoFA"

Government limits general advice exemption in FoFA amendments

LAURA MILLAN  |  THURSDAY, 20 MAR 2014
The 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 ...

FoFA introduced into parliament with some tweaks

ALICE URIBE  |  WEDNESDAY, 19 MAR 2014
As expected the bill to amend the Future of Financial Advice (FoFA) reforms was introduced to parliament today. The Corporations Amendment (Streamlining of Future of Financial Advice) Bill 2014 saw an 11th hour amendment to the general advice component ...

FoFA changes to be tabled today

JAMES FERNYHOUGH  |  WEDNESDAY, 19 MAR 2014
The government's amendments to the Future of Financial Advice (FoFA) are due to be tabled in federal parliament today. It is not clear whether the government will introduce all or some of the amendments to parliament. Dante De Gori, general manager ...

Professional planners don't accept commissions: FPA

ALEX DUNNIN  |  WEDNESDAY, 19 MAR 2014
... that the re-introduction of commissions, which he said the FPA believed is an over-reach by the government in its reforms of FoFA, will benefit some in the wealth industry, such as vertically integrated wealth groups. Rowe said that as a result of this ...

XPLAN named top planning application

STAFF WRITER  |  WEDNESDAY, 19 MAR 2014
... superannuation advice delivery," Investment Trends Analyst Ian Webster said. According to the report the Future of Financial Advice (FoFA) development had mainly been completed and software vendors were now focused on scaled advice and planner and consumer ...

FoFA changes no threat to best interest duty: lawyer

JAMES FERNYHOUGH  |  WEDNESDAY, 19 MAR 2014
... Services Council (FSC) has obtained legal advice arguing that the proposed amendments to the Future of Financial Advice (FoFA) reforms will not compromise the best interests duties of advisers to their clients. The advice, provided by Ian Jackman SC ...

Consumers join FoFA debate

JAMES FERNYHOUGH  |  TUESDAY, 18 MAR 2014
Consumers have added their voice to the debate over the government's amendments to the Future of Financial Advice (FoFA) reforms, with the launch of the 'Save Our FoFA' campaign. The campaign, started by consumer advocate Christopher Zinn, aims to raise ...

Advisers have to act in client's best interests: PM

ALEX DUNNIN  |  TUESDAY, 18 MAR 2014
... Prime Minister Tony Abbott has echoed claims that regardless of what the government does to the Future of Financial Advice (FoFA) legislation that financial advisers will still have undefined best interests obligations. Speaking at Parliament House yesterday ...

Onus on consumers to ask about commissions: Sinodinos

JAMES FERNYHOUGH  |  WEDNESDAY, 12 MAR 2014
... to Assistant Treasurer Arthur Sinodinos. Defending the government's proposed amendments to the Future of Financial Advice (FoFA) reforms on ABC's Lateline last night, Sinodinos said consumers must quiz financial advisers to discover whether they are ...

FoFA amendments will reduce quality of advice: lawyer

JAMES FERNYHOUGH  |  TUESDAY, 11 MAR 2014
The government's proposal to amend the best interest duty section of the Future of Financial Advice (FoFA) reforms are "inconsistent with the nature of a best interests duty" and will "reduce the overall quality of financial advice", according to legal ...