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Showing 21 - 30 of 148 results for "FOFA reforms"

FPA supports "bitter harvest" recommendations

ALEX BURKE  |  FRIDAY, 18 MAR 2016
... committee's report is part of a broader reform agenda for financial services, and argued that more needed to be done. "The FOFA reforms are a positive step, but the fact is that many of the product failures and consumer losses associated with agribusiness ...

AMP wealth earnings down post-Genesys closure

ALEX BURKE  |  FRIDAY, 23 OCT 2015
... added that some losses were also driven by "increased investment market volatility and continued implementation of FoFA reforms." Assets under management also fell slightly - by 3% from the previous quarter to $111.1 billion, which the update also attributed ...

Multi-asset funds see huge lift in inflows

MARK SMITH  |  FRIDAY, 2 OCT 2015
... more advisers outsource asset allocation and many find MA products the best solution. The RDR is comparable to the FOFA reforms in Australia - commissions are banned and advisers are required to consider products from the whole market. By highlighting ...

Retail funds recommending advice fee rates

MARK SMITH  |  WEDNESDAY, 30 SEP 2015
... advice service fees, the annual super fee survey from Rainmaker reveals. As a result of the compulsory adoption of the FOFA reforms on 1 July 2013, advisers are required to negotiate the fees they charge super fund members on a case by case basis. However ...

Independent dealers in M&A mode

ALEX BURKE  |  MONDAY, 27 JUL 2015
... Government, but the market has come back substantially on the M&A side now that we have surety on grandfathering and other FoFA reforms." He added that cultural incompatibilities and brand damage due to recent advice scandals was also pushing advice ...

ISA and AIST want changes to professionalism model

DARREN SNYDER  |  WEDNESDAY, 13 MAY 2015
... being regarded a profession, while advisers can be paid conflicted remuneration," the submission states. "While the FoFA reforms introduced a ban on sales commissions, conflicted remuneration continues to be widespread as a result of extensive grandfathering ...

Decline in practice valuations bottoms out

MARK SMITH  |  TUESDAY, 10 FEB 2015
... 2014 calendar year as buyers and sellers returned after a six month hiatus arising from the implementation of the FoFA reforms. In its fourth year, the 2015 report examines the sale price and valuations of financial planning businesses across Australia ...

FoFA disallowance could put industry into breach of law

LAURA MILLAN  |  WEDNESDAY, 19 NOV 2014
... said that "the industry has been adhering to these regulations for nearly five months." He noted that "the original FoFA reforms created unnecessary red tape and compliance driven processes that did not achieve the then Minister's stated aim of improving ...

Non-aligned licensee inquiries to rise in 2015

LAURA MILLAN  |  MONDAY, 17 NOV 2014
... made the decision to leave a large dealer group and set up his own AFSL because "when we looked at the spirit of the FoFA reforms, we couldn't see how you could be an authorised representative of a big licensee and provide advice in the client's best ...

SelectingSuper fund award finalists announced

STAFF WRITER  |  MONDAY, 20 OCT 2014
... UniSuper, Vision Super, VISSF and Zurich Super Plan. Page said the superannuation sector, as a result of MySuper and the FOFA reforms, is going through its most innovative period ever and that will be the theme of this year's awards breakfast.