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Showing 31 - 40 of 108 results for "Future of Financial Advice Reforms"

Life insurance reforms to be re-introduced

JAMIE WILLIAMSON  |  MONDAY, 26 SEP 2016
... grandfathering would apply to existing arrangements "in a manner broadly consistent with [the Future of Financial Advice reforms] by ensuring that remuneration arrangements not effectively grandfathered by the Life Act... are explicitly grandfathered ...

Storm Financial investor slams court decision

ALEX BURKE  |  MONDAY, 29 AUG 2016
... lending investment model and subsequent collapse was considered the primary catalyst for the Future of Financial Advice reforms and led to substantial capital losses for many of its clients. The court has now found that advice given to "certain investors" ...

Government releases draft life insurance regulations

ALEX BURKE  |  FRIDAY, 8 APR 2016
... policies. Existing arrangements will be grandfathered "in a manner broadly consistent with [the Future of Financial Advice reforms] by ensuring that remuneration arrangements not effectively grandfathered by the Life Act... are explicitly grandfathered ...

Senate recommends immediate adviser bans following "bitter harvest"

ALEX BURKE  |  TUESDAY, 15 MAR 2016
... advice... [and put] their own interests above those of their clients." The report noted that the Future of Financial Advice reforms "may well have remedied one of the most pernicious incentives underpinning poor financial advice" - that is, commissions ...

Parliament passes FoFA amendments

ALEX BURKE  |  THURSDAY, 3 MAR 2016
Several key amendments to the Future of Financial Advice reforms have been passed by parliament. The Corporations Amendment (Financial Advice Measures) Bill will extend the time allowed for advisers to provide opt-in renewal notices and fee disclosure ...

FEATURE: Managed accounts - more than meets the eye

ALEX BURKE  |  FRIDAY, 4 SEP 2015
... fee-for-service adviser remuneration model is driving interest in managed accounts, along with the Future of Financial Advice reforms. He argues that these have created pressure on advisers to become more specialised and prove their ability to actively ...

FPA pushes for three-year opt-ins

ALEX BURKE  |  WEDNESDAY, 24 JUN 2015
... clients to receive three-year opt-in notices rather than the two-year arrangement proposed in the Future of Financial Advice reforms. Speaking to Financial Standard, FPA chief executive Mark Rantall explained that the FPA code - for which the association ...

IFAs to benefit from budget

ALEX BURKE  |  TUESDAY, 12 MAY 2015
... also encourage others to start up in small businesses, and I think with all the changes in the Future of Financial Advice reforms, which sort of created a bit of a potential concern around new entrants coming through, it's a real encouragement for financial ...

Banking and super groups back parliamentary recommendations

DARREN SNYDER  |  FRIDAY, 8 MAY 2015
... government's proposed reforms build on the significant changes that have resulted from the Future of Financial Advice reforms and continue to drive the process of the professionalisation of the financial advice industry," Munchenberg said. He said the ...

NAB to take "leading role" in advice remediation

ALEX BURKE  |  WEDNESDAY, 22 APR 2015
... added that the fee-for-service model promoted by MLC served as an "early proof point for the Future of Financial Advice reforms."