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Showing 321 - 330 of 746 results for "FoFA"

One-stop-shop firms surge to gain scale against big instos

LAURA MILLAN  |  THURSDAY, 12 DEC 2013
... left self-licensed advisers in a weaker position. However, having left the uncertainties of the Future of Financial Advice (FoFA) regulation behind, advisers look for different ways to face the challenges of the post-GFC world without losing their independence. ...

Praemium strikes deal with RBS

JAMES FERNYHOUGH  |  TUESDAY, 10 DEC 2013
... platform is compliant with the UK's Retail Distribution Review (RDR), the UK equivalent of the Future of Financial Advice (FoFA) reforms which came into effect at the beginning of 2013. RDR will come into effect in Jersey on 1 January 2014. Praemium ...

FPA to lobby against FoFA redundancy

LAURA MILLAN  |  THURSDAY, 5 DEC 2013
... Association (FPA) will lobby to take the opt-in requirement and other redundancies out of the Future of Financial Advice (FoFA) reforms as soon as the government issues its proposal to amend the legislation. "Opt-in is redundant in a fee-for-service ...

Planners lax on capital protected product advice: ASIC

JAMES FERNYHOUGH  |  WEDNESDAY, 4 DEC 2013
... unsuitable or unjustified gearing recommendations. ASIC deputy chairman Peter Kell said: "The findings were disappointing and with FOFA now raising the bar for advisers, our warning against inappropriate selling of complex products cannot be clearer. ...

Fund managers rethink distribution approach after FoFA

LAURA MILLAN  |  WEDNESDAY, 27 NOV 2013
... institutional distribution teams closer together to reflect industry consolidation brought on by the Future of Financial Advice (FoFA) reform. Aberdeen picked up on the trend early when it merged its retail and distribution team two years ago. Financial ...

BetaShares set to increase adviser focus

LAURA MILLAN  |  TUESDAY, 26 NOV 2013
... relationships with financial advisers. The ETF provider has created the role after realising that the Future of Financial Advice (FoFA) regulation has increased the opportunities for ETF growth. James has over two decades experience in financial services ...

Advisers still servicing few wealthy clients

LAURA MILLAN  |  MONDAY, 25 NOV 2013
Financial advisers are still servicing very few and very wealthy clients, despite the Future of Financial Advice (FoFA) reform's objective of bringing advice to more Australians. Only 15% of Australians use a financial adviser, the Global Investor Pulse ...

FoFA boosts advice business valuation

LAURA MILLAN  |  THURSDAY, 21 NOV 2013
The valuations of advice businesses compliant with the Future of Financial Advice (FoFA) regulation have increased in Western Australia, Victoria and New South Wales. "Concerns around FoFA have not lowered valuation multiples and in some states they ...

Sinodinos hints at relaxing conflicted remuneration rules

MARK SMITH  |  THURSDAY, 14 NOV 2013
... remuneration currently regarded as conflicted may be allowed under the government's amendments to the Future of Financial Advice (FoFA) reforms. In a pre-recorded interview with Association of Superannuation Funds of Australian (ASFA) chief executive ...

Transaction-based fees hurt private banking clients

MARK SMITH  |  WEDNESDAY, 13 NOV 2013
... models will be very painful for the industry and there will be people out of jobs," he said. The Future of Financial Advice (FoFA) reforms have all but rendered commission-based structures obsolete in the retail sector, but private banks are yet to catch ...