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Showing 31 - 40 of 77 results for "FOFA legislation"

Palmer United will hold the key to FoFA approval

LAURA MILLAN  |  TUESDAY, 10 JUN 2014
The Palmer United Party and a handful of fringe party senators will be critical to the approval of the Future of Financial Advice (FoFA) legislation. The Financial Planning Association (FPA) and the Association of Financial Advisers (AFA) have begun ...

Banks support the "original" FoFA intent: ABA

LAURA MILLAN  |  MONDAY, 26 MAY 2014
The Australian Bankers' Association (ABA) said that the industry supports the original Future of Financial Advice (FoFA) legislation, which focused largely on consumer protection. The ABA came out shortly after Industry Super Australia (ISA) accused ...

FPA reveals 10 point plan to improve advice

LAURA MILLAN  |  FRIDAY, 23 MAY 2014
The Financial Planning Association (FPA) has unveiled 10 key points to raise the standards of financial advice. The FPA presented the plan yesterday during the Senate Economics Committee hearing on the streamlining of the Future of Financial Advice ...

Intra-fund advice is also a commission: FSC

LAURA MILLAN  |  FRIDAY, 23 MAY 2014
... the differences between personal and general or single-product advice. Most stakeholders noted that the amended FoFA legislation includes an exemption for general advice which could leave the door open to a return of commissions. Industry Super Australia ...

FPA and AFA unite: stop commissions on general advice

LAURA MILLAN  |  THURSDAY, 22 MAY 2014
The two advice bodies have asked for a complete removal of commissions on general advice during their appearance at the Senate hearing about the Future of Financial Advice (FoFA). The Association of Financial Advisers (AFA) and the Financial Planning ...

CBA, CSSA promote FoFA legal loophole

JAMES FERNYHOUGH  |  MONDAY, 19 MAY 2014
... that businesses are considered wholesale rather than retail clients. Wholesale clients are not covered by the FoFA legislation. Traditionally corporate super advisers have operated on a dual business model. An initial fee is taken from employers to carry ...

CBA wants Senate to fix corporate super advice

LAURA MILLAN  |  MONDAY, 12 MAY 2014
... Bill 2014 will present its final report to the Senate on June 16. Read all Financial Standard coverage of the FoFA legislation here

Westpac weighs in on FoFA debate

LAURA MILLAN  |  FRIDAY, 9 MAY 2014
... Bill 2014 will present its final report to the Senate on June 16. Read all Financial Standard coverage of the FoFA legislation here

Stakeholders stage FoFA confrontation in Senate submissions

LAURA MILLAN  |  WEDNESDAY, 7 MAY 2014
... Bill 2014 will present its final report to the Senate on June 16. Read all Financial Standard coverage of the FoFA legislation here

Advisers have to act in client's best interests: PM

ALEX DUNNIN  |  TUESDAY, 18 MAR 2014
... already in force under Common Law any attempt to scope them down by removing the 'catch-all' phrase from the FOFA legislation may be ineffective.