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Showing 501 - 510 of 746 results for "FoFA"

Fix churn with watch list: AFA

MELANIE TIMBRELL  |  MONDAY, 16 JUL 2012
... into a churn pattern. "We believe that the introduction of the Best Interests Duty under the Future of Financial Advice (FOFA) legislation will highlight the importance of only moving clients from one policy to another where there is a net and material ...

My Adviser offers accountants licensing package

LINDA HAUSKEN  |  WEDNESDAY, 11 JUL 2012
... accountants to continue to provide advice on SMSFs and superannuation following the changes to the accountant exemption in the FOFA reforms. Currently, accountants can provide advice on self managed superannuation funds (SMSFs) without having to hold ...

Advisers positive about fee for service

LINDA HAUSKEN  |  MONDAY, 9 JUL 2012
With the FOFA legislation taking effect in less than a year, the hybrid fee for service model is growing in popularity among financial advisers, reveals a new report. The Elixir Consulting's 2012 Adviser Pricing Models report is based on a study of ...

Streamlined SMSF software creates adviser revenue stream

BEN COLLINS  |  WEDNESDAY, 4 JUL 2012
... administration fee to their increasing base of self-managed super funds (SMSF). With investment commissions removed by the FOFA reforms, advisers can earn a fee by charging for these administration services, with the information then quickly shared via ...

Macquarie to sell COIN

MELANIE TIMBRELL  |  MONDAY, 2 JUL 2012
... committed product development programs and preparing our products for changes that flow from the Future of Financial Advice (FoFA) reforms. Beyond this, we will review technology opportunities based on customer feedback and market opportunity, whilst ...

Fitzpatricks Private Wealth builds advice profile

MELANIE TIMBRELL  |  THURSDAY, 28 JUN 2012
... what advice should look like in a non-aligned advice model. "You sit back and reflect and push aside all the noise around FOFA and I have observed quite a polarisation," McMurdo said. "There have been those fighting for whatever reason the things FOFA ...

New accountants' licence hailed as win for affordable advice

MELANIE TIMBRELL  |  MONDAY, 25 JUN 2012
... are a win for consumers wanting non-product specific strategic advice. "The objective of the Future of Financial Advice (FOFA) reforms was to make financial advice more accessible and affordable for the Australian public," Malley said. "This final element ...

FOFA passes as industry backs professionalism

MELANIE TIMBRELL  |  THURSDAY, 21 JUN 2012
Industry bodies have broadly welcomed yesterday's passage of the FOFA legislation through the Senate, with the focus on codes of conduct effectively setting up the industry for self-regulation amid the push towards professionalism and better consumer ...

Cost pressures spark Vanguard fee cuts

MELANIE TIMBRELL  |  TUESDAY, 19 JUN 2012
... the value chain, Bowerman added, increasing how keenly costs are felt in the retail market. "The transparency around the FOFA piece is obviously going to put pressure on the planner fees, but also up into the platform, master trust space and of course ...

Advice frameworks need an overhaul

MELANIE TIMBRELL  |  FRIDAY, 1 JUN 2012
... development should instead be driven by individual investor objectives. "We found that as structural change is introduced through FOFA reforms and advisers started to experience outcomes on how they'd risk profiled and invested clients' money, they essentially ...