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Search ResultsShowing 21 - 30 of 62 results for "Fee disclosure statement"
Forward-thinking advisers benefit from opt-in deadline
ALEX BURKE  |  WEDNESDAY, 1 JUL 2015
ASIC's "facilitative approach" to the Future of Financial Advice (FoFA) opt-in and fee disclosure statement requirements ends today, but forward-thinking practices have nothing to worry about. The deadline was originally June 30, 2014, but it was extended ...
Original FoFA laws take immediate effect
JAMES FERNYHOUGH  |  THURSDAY, 20 NOV 2014
Financial advisers must fully comply with Labor's original Future of Financial Advice (FoFA) laws from today, after the Senate voted to disallow the government's amendments last night. The reversion to the original legislation took effect as soon as ...
Coalition secures PUP support on FoFA vote
LAURA MILLAN  |  THURSDAY, 2 OCT 2014
The Coalition defeated a Labor motion to disallow the changes to the Future of Financial Advice (FoFA) legislation after it secured the support from Palmer United Party (PUP) and other crossbench Senators. Labor Senator Sam Dastiary's attempt to disallow ...
Opposition wants to postpone vote on FoFA bill
LAURA MILLAN  |  TUESDAY, 23 SEP 2014
Labor and the Greens have asked the government to postpone again the vote on the changes to the Future of Financial Advice (FoFA) legislation until the Financial System Inquiry (FSI) releases its conclusions. "Labor Senators urge the government to withdraw ...
ASIC reviews FoFA progress
JAMES FERNYHOUGH  |  THURSDAY, 18 SEP 2014
The Future of Financial Advice (FoFA) reforms have had little effect on either adviser numbers or the type of financial advice AFS licensees provide, according to the Australian Securities and Investments Commission (ASIC). In its review on the implementation ...
Government succeeds in securing final FoFA changes
LAURA MILLAN  |  WEDNESDAY, 16 JUL 2014
The government's deal with the Palmer United Party (PUP) means that the proposed changes to the Future of Financial Advice (FoFA) legislation are set to go through. The final changes include the removal of the opt-in requirement, which asked clients ...
Deal with government brings in consumer protection: Palmer
LAURA MILLAN  |  TUESDAY, 15 JUL 2014
... own. The measures also lined out that any fees are to be disclosed and that the adviser must provide a fee disclosure statement annually. Clients will have the right to change their instructions to the adviser if they experience a change in their circumstances. ...
FoFA disallowance vote will save "millions"
ALICE URIBE  |  TUESDAY, 15 JUL 2014
... Mark Rantall said the result of the deal was a "sensible outcome". "The removal of the retrospective fee disclosure statement is very welcomed as that will save millions of dollars for the industry. The removal of the opt-in will remove millions of dollars ...
FoFA future uncertain as Palmer threatens to join opposition
LAURA MILLAN  |  MONDAY, 30 JUN 2014
The government's efforts to give financial advisers more certainty by passing some of the Future of Financial Advice (FoFA) reforms through regulations could be in vain as Clive Palmer suggested his party, Palmer United, does not support the measures. ...
Advisers applaud "historic" ban on commissions
LAURA MILLAN  |  FRIDAY, 20 JUN 2014
Financial advice associations and the Financial Services Council (FSC) have applauded the "historic" ban on commissions in general advice and welcomed the government's changes to the Future of Financial Advice (FoFA) law. "We are extraordinarily pleased ...
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