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Showing 361 - 370 of 746 results for "FoFA"

Bowen and Cormann at odds over adviser enshrinement

LAURA MILLAN  |  TUESDAY, 27 AUG 2013
... abolish opt-in, to fix up the costly additional disclosure requirements imposed by Labor and make all the other changes to FoFA that we've already announced," Cormann added. Less than two weeks before the federal election, Cormann said that if the Coalition ...

IOOF remains confident after reporting growth

LAURA MILLAN  |  FRIDAY, 23 AUG 2013
... generated $6.1 million in pre-tax synergies. Kelaher said that the grandfathering provision of the Future of Financial Advice (FoFA) regulation has discouraged some advisers from changing dealer groups. "But there are still a lot of advisers out there ...

Investor confidence drives advice growth

LAURA MILLAN  |  WEDNESDAY, 21 AUG 2013
... and 2012. The report also found out that 95% of advisers are still facing the challenges of the Future of Financial Advice (FoFA) reforms. Advisers said that the top five challenges relate to administering client opt-ins, administering fee disclosure ...

ASIC mulls replacing adviser Training Register

ALICE URIBE  |  MONDAY, 19 AUG 2013
... adviser training. We have proposed a national examination for financial advisers. This proposal has been delayed to allow the FOFA reforms to be bedded down but we are still committed to exploring all options to implement this proposal at the appropriate ...

FoFA FDS uncertainty remains

LAURA MILLAN  |  MONDAY, 12 AUG 2013
The Future of Financial Advice (FoFA) regulation needs more changes to eliminate grey areas, but any modifications will have to be legislated to be meaningful. Fee disclosure statements (FDS) are one of the main issues of concern for financial advisers ...

Election result to shape the industry: FPA

LAURA MILLAN  |  FRIDAY, 9 AUG 2013
... views the September 7 election as a challenge and said that it will be pushing for changes in the Future of Financial Advice (FoFA) legislation and more clarity on the Tax Agent Services Act (TASA) 2009. "Moving super aside for a moment, the question ...

CommInsure enhances adviser flexibility of life product

LAURA MILLAN  |  WEDNESDAY, 7 AUG 2013
... riders sitting outside of super. The launching of the new feature is in line with the start of the Future of Financial Advice (FoFA) legislation. "With FoFA, it is vital that an adviser is acting in a client's best interest and we have designed these ...

Industry asks for stronger consultation after elections

LAURA MILLAN  |  MONDAY, 5 AUG 2013
... pressing issues for the financial planning sector such as adding clarity to some aspects of the Future of Financial Advice (FoFA) regulation. "It is positive that we now have certainty on when the elections will happen, we have been living with too many ...

Advice firms start to launch in post-FoFA regime

LAURA MILLAN  |  THURSDAY, 1 AUG 2013
... services industry is starting to see the first advice firms launching after the start of the Future of Financial Advice (FoFA) regulation and while the process is more rigorous now, newcomers have the advantage of being fully-compliant on day one. Founder ...

ASIC wants more adviser record-keeping rules

LAURA MILLAN  |  THURSDAY, 1 AUG 2013
... improve the way they keep their records as part of the best interest duty obligation under the Future of Financial Advice (FoFA) regulation. In Consultation Paper 214 called "Updated record-keeping obligations for Australian financial services licensees" ...