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Showing 331 - 340 of 1211 results for "Future of"

Grandfathered commissions ban unconstitutional: Association

JAMIE WILLIAMSON  |  MONDAY, 4 MAR 2019
... specialising in constitutional matters. The AIOFP is concerned the proposed ban is not constitutionally valid as, under the Future of Financial Advice reforms, it was determined that: "The proposal to ban particular remuneration structures can only operate ...

Grandfathered commissions ban splits industry: Poll

KARREN VERGARA  |  MONDAY, 25 FEB 2019
... remove conflicts of interest in remuneration. "I would bring the grandfathering arrangements made at the time of the Future of Financial Advice (FoFA) reforms to an end. The time for transition has passed," Hayne said. "Advisers have an incentive to ...

Opportunities outweigh threats when it comes to SMSFs

HARRISON WORLEY  |  WEDNESDAY, 20 FEB 2019
... superannuation system in this sector." But he said the threats also opened opportunities, and noted their importance to the future of the self-managed super sector. "I think it's really a matter of looking at what a number of people have said mean lots ...

InvestSense hires head of adviser solutions

KARREN VERGARA  |  THURSDAY, 14 FEB 2019
... Andronaco. Carrington commented: "I've longed believed managed accounts will play an increasingly important role in the future of the financial advice industry. This includes supporting advisers to deliver higher quality investment solutions to clients ...

Grandfathered commissions deadline challenging: AFA

JAMIE WILLIAMSON  |  WEDNESDAY, 6 FEB 2019
... chair Indy Singh. Singh said Fiducian has been working on converting commissions to fees for service shortly after the Future of Financial Advice reforms were implemented in July 2013 - almost six years ago. Today, about 4% of the group's revenue is ...

Grandfathered commissions to be banned

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
... remove conflicts of interest in remuneration. "I would bring the grandfathering arrangements made at the time of the Future of Financial Advice (FoFA) reforms to an end. The time for transition has passed," Hayne said. The time when the initial advice ...

Asia Funds Passport takes flight

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
The Financial Services Council is calling for an overhaul of the tax system to secure the future of the Asia Region Funds Passport, which began operation on Friday. The Asia Region Funds Passport (ARFP) allows certain Australian managed funds to be ...

LICs defy franking credit refund changes

KARREN VERGARA  |  TUESDAY, 22 JAN 2019
Amid the uncertainty surrounding the future of franking credit refunds, two listed investment companies are rewarding shareholders with special dividends. The Australian Foundation Investment Company (AFIC) and Mirrabooka announced they will pay special ...

AFSL super options under the lens

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
... Productivity Commission's previous call for the Government to rename the term 'general advice' defined under the Future of Financial Advice legislation. "This term has led many consumers to think they are receiving advice relevant to their ...

ASIC and Westpac court battle sees mixed outcome

DARREN SNYDER  |  FRIDAY, 4 JAN 2019
... decision. It originally alleged the Westpac subsidiaries breached the 'best interests duty' introduced under the Future of Financial Advice (FoFA) reforms by conducting a telephone sales campaign recommending customers roll out of their super ...