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Showing 31 - 40 of 148 results for "FOFA reforms"

Super returns lift to 11.1%

STAFF WRITER  |  FRIDAY, 3 OCT 2014
... retail funds have been so dominant in the leading Workplace category, potentially reflecting the way the MySuper and FOFA reforms have shaken-up the fee models available in the market and also the introduction of life stage investment options. They said ...

AAP adds five boutique firms in a month

LAURA MILLAN  |  MONDAY, 29 SEP 2014
... they don't need the support of a big institution to cope with the increased regulation and compliance around the FOFA reforms." She said that advisers are increasingly looking for advice tools and back office systems, paraplanning, compliance and governance ...

Hockey accuses Labor of making "a mess" of FoFA

LAURA MILLAN  |  THURSDAY, 25 SEP 2014
... less regulation for financial advice and professional standards, why has the government decided to dismantle Labor's FoFA reforms and put even more pressure and risk on Australian investors?" Hockey said that he could feel "a great sense of embarrassment" ...

Profit up and new products for ClearView

MARK SMITH  |  WEDNESDAY, 27 AUG 2014
... insurance cross-sell opportunities as the major reason ahead of the need to target direct distribution or respond to the FOFA reforms. They said the product will be "a compelling mid-market product targeted at smaller account balances, coupled with a ...

Zurich extends daily data feeds offer

STAFF WRITER  |  MONDAY, 21 JUL 2014
... "Our own research showed advisers thought the need to drive efficiency would be the single biggest outcome from the FOFA reforms, and notwithstanding the recent amendments, we believe efficiency remains one of the biggest challenge facing advisers," ...

Intra-fund advice exemptions in doubt

JAMES FERNYHOUGH  |  TUESDAY, 8 JUL 2014
... mainly not-for-profit funds who take advantage of the exemption. Cormann defended the government's amendments to the FoFA reforms, saying: "All we are doing with our changes is remove unnecessary and costly red tape, which is pushing up the cost of advice ...

Macquarie rebukes advice, compliance concerns

LAURA MILLAN  |  TUESDAY, 8 JUL 2014
... Commission (ASIC) "to resolve all its matters of concern." "This has been a very full process coinciding with the FoFA reforms and resulting in extensive investment in new systems, processes and training. This work is ongoing," Macquarie said in a written ...

ISA FoFA report sparks industry outrage

LAURA MILLAN  |  MONDAY, 7 JUL 2014
... allow it." The Australian Banker's Association (ABA) said that ISA has misrepresented the banking industry around the FoFA reforms. "ISA is clearly running an anti-bank campaign which aims to scare consumers with misconceptions about bank practices and ...

FoFA changes designed to protect big players: opposition

LAURA MILLAN  |  TUESDAY, 17 JUN 2014
... that the government "should abandon any attempts to rush in, again, a new set of regulations that in effect gut the FOFA reforms." The government's "flawed approach will only be met by hostility in the parliament and in the community," Labor senators ...

Senate report supportive of government FoFA reforms

LAURA MILLAN  |  TUESDAY, 17 JUN 2014
... the organisation looks forward to the government's response. "The FPA is eagerly anticipating the next phase of the FoFA reforms which rests now with the Coalition government and Minister for Finance Mathias Cormann," Rantall said. The Association of ...