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| | | ... years ago," said Wrightson. "Technology has been the driver of structural change in our industry for the last two decades. FoFA combined with desktop administration and investment management software will accelerate the next evolution of Advice business ... |
| | | | ... Advice in Super Symposium in Melbourne, Ripoll said that while reforms such as the Future of Financial Advice legislation (FoFA) had been criticised, both by industry and the Federal Opposition, "the vast majority" of businesses have supported the changes. ... |
| | | | ... financial advisers. Specific focus on client engagement, scaled advice, mobile and tablet technology, and the requirements under FoFA has made the functional gap between XPLAN and other planning solutions the widest it has ever been according to the ... |
| | | | ... selected advisers found that 40% rate 'becoming more efficient in the way they deliver advice' as the single biggest change FoFA will force on their business. "We think these findings really show a different way of looking at FoFA and its future impact ... |
| | | | ... and changing the fundamental way they think about their business. "If all financial advisers are doing is struggling with FoFA and compliance, which is a minimum entry point - then get out of this business," Gardner concluded. "I'm doing this conference ... |
| | | | ... regulatory landscape, as well as feedback from clients looking for more specific information on superannuation funds. "When FoFA reforms phase-in later this year, financial advisers will be required to show they have considered a number of options for ... |
| | | | ... Australian financial services licensees how to follow new fee disclosure rules that are part of the Future of Financial Advice (FoFA) reforms. Brought in under the Federal Government's Stronger Super reform of Australia's retirement system, the FoFA ... |
| | | | ... approximately one third of advisers are "extremely" or "very" positive about their readiness for the Future of Financial Advice (FoFA) reforms, Zurich said. "These results show adviser sentiment to be at highest level since we started the survey, despite ... |
| | | | ... transparency and improving client relationships way back in 2005, the wealth management giant is closer to full-preparedness for FoFA than many advice businesses. According to Nunn, the most challenging part of the process has been preparing its advisers ... |
| | | | ... conflicts of interest, said finance consulting group The Fold. While the Federal Government's Future of Financial Advice (FoFA) reforms have done a clean-sweep of the industry, asset-based fees can be just as bad as commissions when it comes to creating ... |
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