Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 31 - 40 of 102 results for "Grandfathering"

No view on ending adviser commissions: AMP

ALEX BURKE  |  TUESDAY, 17 APR 2018
... arrangements we have in place are to let planners negotiate their own arrangements, and we're working through the overall grandfathering period," Regan said. When prompted what he meant by this, Regan said that commissions are already "dropping away ...

Industry responds to latest FASEA guidance

JAMIE WILLIAMSON  |  WEDNESDAY, 21 MAR 2018
... advisers in the same way that it does the raising of education standards. It will also advocate for an additional grandfathering arrangement for older advisers. "We will also argue that advisers should have the opportunity to do study in an area that ...

Crunch time for limited MDA advisers

KARREN VERGARA  |  WEDNESDAY, 14 MAR 2018
... 65% increase in interest from advisers leveraging off limited MDAs. The reality of removing limited MDA's and no grandfathering of existing positions is making itself known, he added. "Additionally, concern around possible future capital requirements ...

Advisers ambivalent on LIF deadline: Poll

KARREN VERGARA  |  MONDAY, 20 NOV 2017
... be capped. About 69% of the 200 risk advisers canvassed by Zurich didn't fully understand the new rules around grandfathering, while 60% are yet to measure the impact the new regulations will have on their cash flow. Less than half (43.5%) said they ...

ANZ launches LIF resource

KARREN VERGARA  |  FRIDAY, 3 NOV 2017
... unsure of the types of life insurance remuneration being capped and 69% don't fully understand the new rules around grandfathering. A stronger understanding of new clawback provisions was demonstrated however, with 43.5% saying they understood the guidelines. ...

Lazy LIF planning means advice businesses at risk

JAMIE WILLIAMSON  |  THURSDAY, 21 SEP 2017
... as to the types of life insurance remuneration being capped and 69% don't fully understand the new rules around grandfathering. A stronger understanding of new clawback provisions was demonstrated however, with 43.5% saying they understood the guidelines. ...

Life insurance reforms to be re-introduced

JAMIE WILLIAMSON  |  MONDAY, 26 SEP 2016
... circumstances under which proposed clawback arrangements would not apply. The regulation also highlighted that grandfathering would apply to existing arrangements "in a manner broadly consistent with [the Future of Financial Advice reforms] by ensuring ...

Government releases draft life insurance regulations

ALEX BURKE  |  FRIDAY, 8 APR 2016
... developed the financial plan advice strategy recommended for the client. "The clarification provided around the grandfathering of existing payments also provides certainty for financial planners and the businesses they work in while the life insurance ...

Public sector retirees angry over income exemption cuts

DARREN SNYDER  |  THURSDAY, 14 JAN 2016
... apply to account-based superannuants who were already receiving a part Age Pension." Both groups are calling for grandfathering arrangements to be applied to the new cap. A spokesman for the Minister of Social Services, Christian Porter, said the change ...

Advice M&A deals boom after years of stagnation

LAURA MILLAN  |  FRIDAY, 20 NOV 2015
... Commonwealth Financial Planning scandal broke in 2014, they stopped buying. This, combined with the uncertainty around the grandfathering provision in the Future of Financial Advice (FoFA) legislation meant that all M&A activity stalled. "As financial ...