The latest issue of Financial Standard now available as an e-newspaper

READ NOW

Search Results

Showing 31 - 40 of 746 results for "FoFA"

MP slams prolonged grandfathered commissions carve out

KARREN VERGARA | TUESDAY, 2 APR 2019

... to IOOF, banned all grandfathered commissions paid to salaried advisers from 1 April 2019. In the lead up to legislating FoFA to protect consumers from bad financial advice in 2013, Thistlethwaite pointed out that Parliament agreed to provide a "carve-out" ...

Consumers confused by general, personal advice

ELIZABETH MCARTHUR | FRIDAY, 29 MAR 2019

... importance of consumer awareness, as the Future of Financial Advice protections only apply when personal advice is provided. The FoFA protections include obligations for advisers to act in their clients best interests and to provide advice that is appropriate ...

Grandfathered commissions ban unconstitutional: Association

JAMIE WILLIAMSON | MONDAY, 4 MAR 2019

... constitutional restrictions concerning acquisition of property." The constitutional restrictions have not changed since then, and the FoFA reforms explicitly preserve pre-existing remuneration structures, the AIOFP said. "Accordingly, the AIOFP is taking ...

Grandfathered commissions ban splits industry: Poll

KARREN VERGARA | MONDAY, 25 FEB 2019

... interest in remuneration. "I would bring the grandfathering arrangements made at the time of the Future of Financial Advice (FoFA) reforms to an end. The time for transition has passed," Hayne said. "Advisers have an incentive to keep their clients in ...

Grandfathered commissions to be banned

JAMIE WILLIAMSON | MONDAY, 4 FEB 2019

... interest in remuneration. "I would bring the grandfathering arrangements made at the time of the Future of Financial Advice (FoFA) reforms to an end. The time for transition has passed," Hayne said. The time when the initial advice was given and the ...

ASIC and Westpac court battle sees mixed outcome

DARREN SNYDER | FRIDAY, 4 JAN 2019

... alleged the Westpac subsidiaries breached the 'best interests duty' introduced under the Future of Financial Advice (FoFA) reforms by conducting a telephone sales campaign recommending customers roll out of their super funds into their Westpac-related ...

Miscalculations delay remediation, more issues emerge: AMP

JAMIE WILLIAMSON | WEDNESDAY, 28 NOV 2018

... advice to corporate super plans. "The matter relates predominantly to small to medium corporate super plans established pre-FOFA 1 July 2013 managed by advisers. Based on current information, we believe the amount is unlikely to be material," the group ...

Comyn promises personal accountability

KARREN VERGARA | TUESDAY, 20 NOV 2018

... comes to about $31 million, he said. In yesterday's session, Comyn admitted that the bank and overall industry approached FoFA "unsuccessfully" and was mishandled based on "poor decisions." This included: not removing conflicted remuneration earlier ...

Westpac admits it didn't take FoFA seriously

KANIKA SOOD | WEDNESDAY, 7 NOV 2018

Westpac said while implementing the Future of Financial Advice reforms, it did not embed strong enough controls and record-keeping to police fee-for-no-service advice. The admission was made in the bank's annual sustainability report released today ...

CFA Institute asks FASEA to recognise charterholders

KANIKA SOOD | WEDNESDAY, 10 OCT 2018

... June submission to the education standards body. "I always remember coming down to Australia five or six years ago when the FoFA legislation was new and talking to ASIC at that time about regulation and credentialing," he said. Smith added he was "amazed" ...

PAGE:

Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

Videos

Brought to you by

Strength amid noise

The market has changed. The opportunity hasn't.

SMILE through retirement - tackling the top 5 (Sequencing, Market, Inflation, Longevity, Emotion) retirements risks

Follow the leaders

A guaranteed future

Global economic outlook and the case for local currency emerging market debt: Resilience, risk, and opportunity

Maintaining a fundamental focus in a world obsessed with the short term

MORE VIDEOS

Products

'Guide To' Series

Pocket investment guides featuring adviser case studies and a glossary.

MORE INFO

Publisher's Forum

Investing trends and strategies from the industry’s thought leaders.

MORE INFO

Product Showcases

Putting the spotlight on investment products that matter.

MORE INFO

Expert Feed

Christian Mueller-Glissmann

Head of Asset Allocation Research

Goldman Sachs

When geopolitics becomes a portfolio risk

Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.

READ MORE

Tania Milnes

General Manager Membership

Financial Advice Association Australia

Does association membership still matter?

With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...

READ MORE