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Showing 11 - 20 of 746 results for "FOFA"

Super fees hit record lows: Research

JAMIE WILLIAMSON | THURSDAY, 13 AUG 2020

... advantage. Rainmaker also said retail fund fees are on their way down and have been since 2015, largely as a result of the FoFA reforms. The remaining 25% of super assets are held by self-managed super fund members who have it quite good, paying just ...

ASIC mainly concerned with media releases: Lawyer

ELIZABETH MCARTHUR | TUESDAY, 9 JUN 2020

... argued that advisers were made sacrificial lambs by Australia's largest institutions during the Future of Financial Advice (FOFA) reforms, and are still feeling the consequences. "The big end of town, led by their industry bodies, successfully watered ...

Processes are the problem, not people: Count Financial

ALLY SELBY | WEDNESDAY, 13 MAY 2020

... clients to help them achieve their personal and business goals," Kennedy said. Despite the challenging environment in the post-FoFA, Royal Commission, and COVID-19 world, Count Financial has still seen an increase in inbound requests. "Although the advice ...

AMP defends hefty remuneration bill

ELIZABETH MCARTHUR | FRIDAY, 8 MAY 2020

... shareholder asked about AMP's strategic "re-invent advice" program, asking why it didn't re-invent itself after the FOFA reforms. Murray said: "There are significant structural issues and regulatory issues that are making it exceptionally difficult ...

Global manager reduces fees on flagship fund

ALLY SELBY | THURSDAY, 30 APR 2020

... and its Dynamic Global Bond Fund (0.40% p.a.), which have both been competitively priced for the post Royal Commission and FOFA environment. The government's changes to end grandfathered provisions for conflicted remuneration will come into effect from ...

Compliance worse than COVID-19

ALLY SELBY | THURSDAY, 23 APR 2020

... of Advice for the typical client. "So as big a disrupter COVID-19 has been, it's still hasn't topped the impact of FoFA and the Royal Commission and what it's been for planners businesses from a compliance burden perspective," he said. "Becoming ...

Lack of independence must be made clear: ASIC

ELIZA BAVIN | TUESDAY, 10 MAR 2020

... services that a client is entitled to and the total cost of the fees that will be charged. This would also be applicable to pre-FoFA clients. Lastly, ASIC recommends not allowing a fee to be paid from any account that is controlled by a separate entity ...

PIMCO puts Aussie LIT on ice

KANIKA SOOD | MONDAY, 3 FEB 2020

... for LICs and LITs which were allowed to pay advisers and brokers a commission even after the Future of Financial Advice (FoFA) reforms banned such payments on most investment products. The consultation, which was announced by Treasurer Josh Frydenberg ...

Stamping fees consultation kicks off

KANIKA SOOD | TUESDAY, 28 JAN 2020

... advisers and brokers for exchange-listed funds, as public scrutiny into the practice mounts. The Future of financial Advice (FoFA) reforms in 2013 put an end to commissions that financial advisers could collect from putting clients into investment products ...

Government ignored ASIC over LIC carve-out

HARRISON WORLEY | MONDAY, 6 JAN 2020

... The Australian Financial Review, ASIC pleaded with the Coalition government not to expand the stamping fee carve-out in the FoFA laws in late 2013. The expansion of the carve-out was designed to allow financial advisers to recommend clients invest in ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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