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Showing 511 - 520 of 735 results for "Amendment"

Onus on consumers to ask about commissions: Sinodinos

JAMES FERNYHOUGH | WEDNESDAY, 12 MAR 2014

Consumers must take responsibility for finding out whether their financial adviser has a conflict of interest, according to Assistant Treasurer Arthur Sinodinos. Defending the government's proposed amendments to the Future of Financial Advice (FoFA) ...

FoFA amendments will reduce quality of advice: lawyer

JAMES FERNYHOUGH | TUESDAY, 11 MAR 2014

The government's proposal to amend the best interest duty section of the Future of Financial Advice (FoFA) reforms are "inconsistent with the nature of a best interests duty" and will "reduce the overall quality of financial advice", according to legal ...

SPAA calls for reduction in SMSF levy

JAMES FERNYHOUGH | MONDAY, 10 MAR 2014

... sector has fallen accordingly," George said, adding: "In addition, the government's announcement on clearing the tax amendment backlog pointed to the levy being adjusted to address these changes, and SPAA would urge it to do so in the lead-up to the ...

FoFA changes could start before May: Sinodinos

LAURA MILLAN | WEDNESDAY, 26 FEB 2014

Assistant Treasurer Arthur Sinodinos told the Senate Standing Committee on Economics today that Future of Financial Advice (FoFA) proposed amendments could come into effect "earlier than May." The senator was asked during the Australian Securities and ...

Treasury looks at further FoFA amendments

JAMES FERNYHOUGH | TUESDAY, 25 FEB 2014

Treasury is considering confidential proposals to reverse rules that ban conflicted remuneration arrangements for corporate super specialist advisers, according to Douglas Latto, president of the Corporate Super Specialist Alliance (CSSA). Traditionally ...

SFG growth not affected by FoFA changes

LAURA MILLAN | TUESDAY, 25 FEB 2014

SFG Australia has reported a strong half year result, which it says was not affected by the implementation costs of the Future of Financial Advice (FoFA) regulation. SFG operating earnings before interest, taxes, depreciation and amortisation (EBITDA) ...

General advice exemption "irrelevant" to advisers: AFA

LAURA MILLAN | FRIDAY, 21 FEB 2014

... industry, it is not relevant for the financial advice profession," the AFA said while denying media suggestions that the amendment was driven by the financial advice profession and that "it was a mechanism for the reintroduction of commissions."

FPA "extremely wary" of general advice commissions

LAURA MILLAN | FRIDAY, 21 FEB 2014

The Financial Planning Association (FPA) submission to Treasury on the proposed amendments to the Future of Financial Advice (FoFA) says the organisation is "extremely wary of product distribution models which rely on general advice." The 20-page document ...

FoFA changes go too far diluting conflicted rem: ISA

LAURA MILLAN | FRIDAY, 21 FEB 2014

Industry Super Australia (ISA) has argued to a Senate committee that the proposed amendments to the Future of Financial Advice (FoFA) "go too far by diluting both the conflicted remuneration prohibition and the best interests duty." ISA deputy chief ...

FPA puts TASA back in the agenda

LAURA MILLAN | WEDNESDAY, 19 FEB 2014

The Financial Planning Association (FPA) is putting the Tax Agent Services Act (TASA) 2009 back on the advisers' agenda ahead of the implementation in July 1, 2014. The association has put together four webinars and a toolkit campaign that aim to educate ...

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Global X awards mandate for ETF business

ELIZA BAVIN

Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA

Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI

The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA

MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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