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Showing 281 - 290 of 746 results for "FoFA"

ASIC drops planned MDA changes

JAMES FERNYHOUGH  |  THURSDAY, 6 MAR 2014
... released in April this year. However, ASIC has now stated there will be no change to the rules, saying it would wait to see how FOFA would affect MDA operators. It also cited the Coalition's deregulation agenda and its announcement of a moratorium on ...

CFS outlines post-awards plans

JAMES FERNYHOUGH  |  WEDNESDAY, 5 MAR 2014
... ongoing commissions from the super funds they recommended in exchange for intrafund advice services. While this is banned under FoFA, the government is currently reviewing the possibility of allowing advisers to offer dual services in ways that it doesn't ...

Compliance costs Aussie advisers $15k versus global peers

MARK SMITH  |  TUESDAY, 4 MAR 2014
... are a 'necessary evil' for financial planning practices and licensees, particularly when it comes to implementation of the FoFA reforms. However, our research shows that reducing the burden of these activities can have a tangible impact on growth and ...

AIA pays advisers to move to hybrid commission

LAURA MILLAN  |  THURSDAY, 27 FEB 2014
... said in March. "We have a concern to ensure that life insurance switching is compliant with the best interests' duty in the FoFA era."

FoFA changes could start before May: Sinodinos

LAURA MILLAN  |  WEDNESDAY, 26 FEB 2014
... Assistant Treasurer Arthur Sinodinos told the Senate Standing Committee on Economics today that Future of Financial Advice (FoFA) proposed amendments could come into effect "earlier than May." The senator was asked during the Australian Securities and ...

Treasury looks at further FoFA amendments

JAMES FERNYHOUGH  |  TUESDAY, 25 FEB 2014
... super fund, providing ongoing advice to members. This is called a 'plan service fee'. Under the future of financial advice (FoFA) reforms, this is considered to be a conflict of interest and is banned. However, Latto said he is "much more than 50%" confident ...

SFG growth not affected by FoFA changes

LAURA MILLAN  |  TUESDAY, 25 FEB 2014
... a strong half year result, which it says was not affected by the implementation costs of the Future of Financial Advice (FoFA) regulation. SFG operating earnings before interest, taxes, depreciation and amortisation (EBITDA) was $28.4 million during ...

Ripoll demands parliamentary debate for FoFA reforms

ALICE URIBE  |  FRIDAY, 21 FEB 2014
... Minister Bernie Ripoll has called for a full parliamentary debate for the government's proposed Future of Financial Advice (FoFA) reforms. "We need a proper parliamentary debate rather than force changes through ministerial edict and enforced legislation," ...

S&P DJI eyes aligned advice groups with new role

JAMES FERNYHOUGH  |  FRIDAY, 21 FEB 2014
... banks. But John Davies, SPDJI's vice president, global exchange products, said that in the post-Future of Financial Advice (FoFA) world, this is changing. "Historically, the big banks have not wanted to market other products," he told Financial Standard. ...

General advice exemption "irrelevant" to advisers: AFA

LAURA MILLAN  |  FRIDAY, 21 FEB 2014
... remuneration "irrelevant" in its submission to Treasury about the proposed amendments to the Future of Financial Advice (FoFA). "The AFA does not believe that the general advice exemption is relevant to financial advisers," the submission said. However ...