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Showing 31 - 40 of 48 results for "DBFO"

FAAA expands policy team

ELIZABETH FRY  |  THURSDAY, 27 MAR 2025
... Australia."The appointment comes as Canberra finalises legislation around Delivering Better Financial Outcomes. Speaking on the latest DBFO proposal, the FAAA said it was "disappointed". FAAA chief executive Sarah Abood said: "On a first read, we cannot ...

DBFO reforms package 'pretty disappointing': FAAA

ANDREW MCKEAN  |  TUESDAY, 25 MAR 2025
... Australia (FAAA) has come out swinging against Treasury and its second tranche of draft Delivering Better Financial Outcomes (DBFO) reforms, saying it can't support them without "substantial change." FAAA chief executive Sarah Abood said the result ...

Tranche 2 of DBFO dumps SOAs, enables 'nudges'

JAMIE WILLIAMSON  |  FRIDAY, 21 MAR 2025
The long-awaited Tranche 2 of the Delivering Better Financial Outcomes draft package has been released, switching Statements of Advice for Client Advice Records and clarifying what topics super funds can collectively charge for. However, some elements ...

Tranche 2 is coming before the election: Jones

ELIZA BAVIN  |  WEDNESDAY, 19 MAR 2025
... consultation, policy development, and legislation drafting that just makes that next step so much easier." Jones said the DBFO reforms have been a highlight of his career in politics, but he sees that work as being the first necessary step to "fix the ...

Jones flags drafting of Tranche 2 legislation

KARREN VERGARA  |  TUESDAY, 11 FEB 2025
Assistant treasurer Stephen Jones said Tranche 2 of the Delivering Better Financial Outcomes (DBFO) reforms remains a priority before he bows out of politics but fell short of confirming when the draft bill will see the light of day. Jones told a recent ...

SMC pushes for DBFO to curb retiree tax bills

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JAN 2025
... basic financial advice and is another reason the government must act to implement the Delivering Better Financial Outcomes (DBFO) reforms. "Not knowing enough about super can lead to poor decisions, like leaving accounts inactive or withdrawing funds ...

Super funds should focus on 'simple' advice: Jones

ELIZA BAVIN  |  FRIDAY, 6 DEC 2024
Assistant Treasurer Stephen Jones said the purpose of Tranche 2 of Delivering Better Financial Outcomes (DBFO)- which was previewed earlier this week - is to allow super funds to provide basic financial advice, not to see a repeat of issues raised during ...

'New class of advisers' need clear-cut distinction: FAAA

KARREN VERGARA  |  THURSDAY, 28 NOV 2024
... Financial Advice Association Australia (FAAA) warns in anticipation of the looming Delivering Better Financial Outcomes (DBFO) Tranche 2 reforms. Addressing the first day of the 2024 annual Congress, FAAA chief executive Sarah Abood proposed some ground ...

ASIC issues new guidance on DBFO reforms

KARREN VERGARA  |  FRIDAY, 22 NOV 2024
... for financial advisers and superannuation trustees relating to four strands of the Delivering Better Financial Outcomes (DBFO) reforms. The regulator issued two new documents regarding fee arrangements: Information Sheet 286 FAQs: Ongoing fee arrangements ...

Liberal MP calls for SoA replacement

KARREN VERGARA  |  TUESDAY, 5 NOV 2024
... in that they're being replaced by these RoAs," he said. Under Tranche 2 of the Delivering Better Financial Outcomes (DBFO) reforms, SoAs will also receive a makeover, while a new class of advisers called "Qualified Advisers" from banks, super funds ...