Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 441 - 450 of 746 results for "FoFA"

Managed accounts set for an overhaul

LAURA MILLAN  |  MONDAY, 11 MAR 2013
... been quite a lot of uncertainty previously." McIlroy now anticipates a growth of MDAs in a post-Future of Financial Advice (FoFA) world. "We may see some platforms withdrawing this type of discretionary service for advisers due to the additional licensing ...

More details needed on conflicted remuneration guide

LAURA MILLAN  |  TUESDAY, 5 MAR 2013
... Standard. "It is a good and a welcomed start and certainly this guide has enough to continue preparing and being ready for FoFA," De Gori said. AFA chief operating officer Phil Anderson showed concern at the fact that some of the issues that the organisation ...

Industry bodies welcome Code of Conduct update

LAURA MILLAN  |  MONDAY, 4 MAR 2013
... guidance last week, the ASIC will start to consider applications for the approval of codes under the Future of Financial Advice (FoFA) reform. Applicants will have to decide whether to submit a new code for approval or to use an existing one. The new ...

Fee for service mortgage broking for $3500

ALEX DUNNIN  |  MONDAY, 4 MAR 2013
... high as the sector is considered a possible case study for how structural change may play in the advice market following the FOFA reforms, fee for service and the increasingly dominant banking group footprint.

New regime for accountants: Shorten

BEN COLLINS  |  THURSDAY, 28 FEB 2013
... Institute and CPA for their involvement in the consultation process on the accountants' exemption issue and the other important FOFA reforms. "We will be looking to finalise amendments to the draft Regulations shortly," he said. The Regulation effectively ...

AFA ramps up membership campaign

LAURA MILLAN  |  WEDNESDAY, 27 FEB 2013
... AFA is concerned about the fact that a number of financial advisers are still not ready for the Future of Financial Advise (FoFA) reforms. "We've got concerns and we think it's going to be hard for all the market to be ready by July 1st because FoFA ...

Super assets up 15% to $1.5tr

ALEX DUNNIN  |  THURSDAY, 21 FEB 2013
... them take the lead over industry funds in new product design built around lower fees in preparation for the phasing in of FOFA later this year. The $1.508 trillion in superannuation savings is segmented into $590 billion in not-for-profit funds - 90% ...

AFA mulls fresh approach to FOFA code of conduct

LAURA MILLAN  |  TUESDAY, 19 FEB 2013
... The Association of Financial Advisers (AFA) is still looking for a practical approach to the Future of Financial Advice (FoFA) Code of Conduct requirement, AFA newly appointed CEO Brad Fox said. "The first opt-in obligation does not kick in until July ...

Rubik acquires Provisio

MARK SMITH  |  TUESDAY, 19 FEB 2013
... providers in the market as we believe this will be a growing area given the changes accompanying Future of Financial Advice (FoFA) reforms," said Rubik chairman Craig Coleman. "In acquiring Provisio, we will expand our overall advice offering, allowing ...

FoFA anxiety remains high: FPA

BEN COLLINS  |  TUESDAY, 12 FEB 2013
... and financial planning businesses in the current environment, the FPA said. Over half of all financial planners (53%) cited FoFA compliance as a main challenge they are currently facing, with 47% specifically highlighting amending the business model ...