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Showing 21 - 30 of 45 results for "AIOFP"

Positives from the pandemic for advisers

ELIZABETH MCARTHUR | TUESDAY, 24 MAR 2020

According to the Association of Independently Owned Financial Professionals (AIOFP), the COVID-19 pandemic may be producing some positives for financial advisers. In a letter to AIOFP members, executive director Peter Johnston wrote that despite all ...

Separate advice and product: AIOFP

ELIZABETH MCARTHUR | FRIDAY, 7 FEB 2020

... wants product failures and financial losses from those failures factored into the Compensation Scheme of Last Resort. The AIOFP said it agrees with the "general thrust" of the Compensation Scheme of Last Resort and findings from the Royal Commission ...

Last stand for grandfathered commissions falls over

ELIZABETH MCARTHUR | THURSDAY, 30 JAN 2020

... Professionals has failed to raise the necessary funds to mount its High Court challenge to retain grandfathered commissions. The AIOFP has confirmed the High Court challenge to fight the banning of grandfathered revenue will not go ahead. The association ...

CFS culls grandfathered commissions, slashes fees

KANIKA SOOD | FRIDAY, 6 DEC 2019

... provide any ongoing services to the members. On the flip side, Association of Independently Owned Financial Professionals (AIOFP) earlier condemned CFS and other product issuers winding down the commissions earlier than the 2021 deadline. "Our terms ...

Grandfathering phase out tussle continues

ELIZABETH MCARTHUR | FRIDAY, 22 NOV 2019

... phase out of grandfathered remuneration, much to the ire of the Association of Independently Owned Financial Professionals (AIOFP). A CFS spokesperson confirmed to Financial Standard the business is planning to phase out grandfathered remuneration throughout ...

ASIC using intimidation tactics on grandfathering: AIOFP

ELIZABETH MCARTHUR | WEDNESDAY, 16 OCT 2019

... shut down grandfathered commissions early, according to the Association of Independently Owned Financial Professionals (AIOFP). Speaking to Financial Standard, AIOFP executive director Peter Johnston claimed the corporate regulator is using its intervention ...

Grandfathered commissions ban unconstitutional: Association

JAMIE WILLIAMSON | MONDAY, 4 MAR 2019

... the provisional appointment of an international law firm and "well known" QC 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 ...

More than half of advisers without association membership

JAMIE WILLIAMSON | THURSDAY, 8 NOV 2018

... on a primary AFSL contributing a large portion of their adviser numbers, Rainmaker said. For instance, a majority of the AIOFP's membership is licensed by Interprac Financial Planning and the majority of the FBAA's is aligned with AMP Financial Planning ...

How much your advice business will be worth in 2023

KANIKA SOOD | TUESDAY, 11 SEP 2018

... down from the two or 2.5 that they are selling for currently," Association of Independently Owned Financial Professionals (AIOFP) chair Adrian Raftery said - a former financial planner and who works at Deakin University's Business School as a director ...

AIOFP slams FASEA proposals, launches petition

KARREN VERGARA | MONDAY, 20 AUG 2018

... advisers to reunite and put an end to "repugnant" reforms proposed by the Financial Adviser Standards and Ethics Authority. The AIOFP announced it is taking a "politically aggressive approach" to combat the "repugnant and unfair behaviour" of FASEA. ...

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Federal Court lifts Merhi's travel ban

KARREN VERGARA

Former financial adviser Ferras Merhi is now free to travel as the Federal Court lifted travel restraint orders imposed one year ago.

Hostplus delivers double-digit FY26 returns

RIDDHIMA TALWANI

Hostplus Balanced (MySuper) option delivered members 10.8% for the financial year 2025-26, while the Indexed Balanced option and the High Growth option returned members 11.06% and 12.61% respectively.

ASIC levy estimates jump 19% as regulator ramps up funding

VINNY VUCAGO

ASIC has lifted its estimated industry funding levy by almost 20% for 2025-26, with regulated entities expected to shoulder $400.5 million in regulatory costs as the corporate watchdog expands its supervision and enforcement activities.

GQG bleeds over US$7bn in FUM in June

MATTHEW WAI

Despite recording positive investment performance, GQG Partners observed a significant outflow, with net outflows of $4.62 billion recorded in the month of June, as FUM slipped to $225 billion at June end, compared to $235.5 billion in the month prior.

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Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.

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