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Showing 471 - 480 of 746 results for "FoFA"

David Hunt joins RI Advice

BEN COLLINS  |  FRIDAY, 2 NOV 2012
... particularly in driving business growth via the opportunities opened up for quality advisers by the future of financial advice (FoFA) reforms" said Campbell. Hunt said that he was drawn to the competitive terms that position RI practices at the forefront ...

ASIC seeks adviser feedback on FOFA code of conduct

LINDA HAUSKEN  |  THURSDAY, 1 NOV 2012
... sector. "Firstly, what would be the content of the code that obviates the need for opt-in," he asked. "We expect approved FOFA codes to contain provisions that will achieve the same outcomes that the opt in requirement itself are intended to achieve ...

Advisers failing to engage disillusioned consumers

MARK SMITH  |  THURSDAY, 1 NOV 2012
... people are actively seeking regular advice. Among those that use an adviser, people say they worried about the changes that FOFA is bringing in and one of the barriers to entry is certainly related to people's concerns about the issue conflicting commission. ...

Lonsec and Milliman challenge current advice model for retirees

LINDA HAUSKEN  |  WEDNESDAY, 31 OCT 2012
... is required to produce an outcomes-led advice solution that is closely aligned to the challenges facing advisers in a post FoFA environment and which also meets the needs of superannuation funds and institutions. The two firms also agree that the current ...

ASIC consults on code approval under FOFA

LINDA HAUSKEN  |  WEDNESDAY, 24 OCT 2012
... released its consultation paper on its approach to code approval and relief powers under the Future of Financial Advice (FOFA) regulations, outlining plans to take a facilitative approach to the implementation of the reforms. Australia's corporate regulator ...

Accountants to deliver advice under new regime

LINDA HAUSKEN  |  MONDAY, 15 OCT 2012
... advice in-house. Nick Hilton, national manager at MLC Accountant Solutions said that under the Future of Financial Advice (FOFA) reforms these accountants will have to gain a 'class of product' Australian Financial Services Licence. "We believe the legislative ...

We'll hunt down commission 'work around': FSA

ALEX DUNNIN  |  FRIDAY, 12 OCT 2012
... from end this year under a raft of reforms known as the Retail Distribution Review (RDR). The RDR is akin to Australia's FOFA reforms but much more onerous, with almost no grandfathering and with a much shorter implementation period. The extent of the ...

AFA conference boasts biggest turnout in 20 years

LINDA HAUSKEN  |  TUESDAY, 9 OCT 2012
... conference will leave no stone unturned when it comes to tackling the financial planning sector's most pressing matters, be it FOFA, insurance claims or portfolio construction. The event's highlight includes a platform panel chaired by ABC's Leigh Sales ...

ASIC releases proposed conflicted remuneration guidelines

BEN COLLINS  |  TUESDAY, 2 OCT 2012
ASIC has released proposed guidance on the conflicted remuneration ban, as part of the Future of Financial Advice (FOFA) reforms. The ban on conflicted remuneration includes commissions and volume-based payments in relation to advice about retail investment ...

Compliance stifling innovation: BTFG

MELANIE TIMBRELL  |  WEDNESDAY, 26 SEP 2012
Industry preoccupation with FOFA and the amount of funds flowing into compliance has stifled innovation in the platforms space, BT's head of platform products said, while predicting an evolution in the way technology is used. Kelly Power said the three ...