Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 3391 - 3400 of 4390 results for "financial Advice"

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
... these 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 ...

Parliament to address large financial services agenda

LAURA MILLAN  |  TUESDAY, 12 NOV 2013
... 2021. The move will delays existing legislation which would see the SG reach 12% by 1 July 2019. The Future of Financial Advice (FoFA) legislation will also be discussed in Parliament. Assistant Treasurer Arthur Sinodinos will take a package of amendments ...

Advice insto ownership steps up post GFC

ALEX DUNNIN  |  MONDAY, 11 NOV 2013
... would dilute the institutional influence even more, added the report. The high level of M&A activity within the financial advice market has also combined with a restructuring platform market to result in considerable changes in adviser reach among the ...

Niche super funds cooperate to avoid merging

JAMES FERNYHOUGH  |  FRIDAY, 8 NOV 2013
... funds." Corcoran said Club Super has looked into combining with other funds in areas such as marketing, insurance, financial advice and investment. On the insurance side, Corcoran said the fund had floated with some insurers the idea of combining memberships ...

Life insurance faces worst conditions in decades

LAURA MILLAN  |  TUESDAY, 5 NOV 2013
... 'Son of Wallis' enquiry by the Abbott government, as well as the additional regulatory requirements of Future of Financial Advice (FOFA) reforms and superannuation in their wealth businesses."

Advisers battle to reconnect with disengaged clients

LAURA MILLAN  |  MONDAY, 4 NOV 2013
... that this type of clients tend to increase when practices buy books from other advice firms, but the Future of Financial Advice (FoFA) regulation is expected to threaten advisers' relationship with their disengaged clients. "Advisers will be sending ...

ASIC asks for public adviser register to track "bad apples"

LAURA MILLAN  |  FRIDAY, 1 NOV 2013
... current ability of 'bad apple' advisers, who have not otherwise come to ASIC's attention, to freely move within the financial advice industry due to insufficient controls and poor reference-checking practices." "A public register for all advisers who ...