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Showing 521 - 530 of 746 results for "FoFA"

Lifeplan upgrades investment offer

LINDA HAUSKEN  |  FRIDAY, 4 MAY 2012
... Funds Management has redesigned its NextGen Investment and Lifeplan Education Investment Fund product offering to comply with FOFA. Matt Walsh, head of Lifeplan, said the business saw the changing regulatory environment as an opportunity to review and ...

Clarity needed for FOFA opt-in exemption

RACHEL DAVIS  |  FRIDAY, 4 MAY 2012
The recent announcement that financial planners operating under codes of conduct approved by ASIC will be exempt from opt-in requirements has created further confusion in an already uncertain environment, according to Minter Ellison. Advisers who choose ...

ASIC flags guidance on code approval

MELANIE TIMBRELL  |  WEDNESDAY, 2 MAY 2012
ASIC has flagged its intention to publish guidance on approval of codes in the advice sector, following changes to the FOFA Bill. Under recent changes, the Australian Securities and Investments Commission (ASIC) would have the ability to exempt advisers ...

netwealth unbundles super

MELANIE TIMBRELL  |  TUESDAY, 1 MAY 2012
... linked for fee aggregation purposes. Heine believes the regulatory environment is behind a number of platforms providing FOFA compliant products that offer wholesale pricing, stripped of distribution margin. It may in fact be the precursor to low-cost ...

FOFA will not be delayed: Minter Ellison

BEN COLLINS  |  TUESDAY, 1 MAY 2012
The Federal Government's FOFA legislation will be implemented on target, said Minter Ellison Lawyers at a roundtable yesterday. "I can't see there being any delays. It would require a change to legislation to do that and I'm sure that there won't be," ...

Advisers should focus on cost of advice

BEN COLLINS  |  THURSDAY, 26 APR 2012
... basic advice that will be much cheaper than the traditional high-cost approach." O'Sullivan has speculated that changes post-FOFA could lead to outsourcing of services for low-end clients, or low-end clients being advised through an out-bound call centre. ...

Instreet launches new structured product

BEN COLLINS  |  TUESDAY, 24 APR 2012
... following the introduction of regulatory reform in the UK's Financial Services Bill in January - its version of Australia's FoFA - as structured product provide a way for advisors to engage clients and have provided consistently higher returns. Lucas ...

APLs a potential minefield under FOFA

ELISE BURGESS  |  THURSDAY, 12 APR 2012
... regulatory arrangements around conflicted remuneration, in a bid to gain more clarity. Under the Future of Financial Advice (FOFA) reforms, financial advisers will not be allowed to advise on products that they may receive a remuneration for. However ...

Australian Unity takes majority stake in Certainty Financial

MELANIE TIMBRELL  |  WEDNESDAY, 4 APR 2012
... will better position Australian Unity to weather coming regulatory and environmental reforms impacting advice, including FOFA. "Certainty Financial is a highly successful business that has substantial revenue, funds under advice and clients. Certainty ...

SPAA reassures members on opt-in

MELANIE TIMBRELL  |  WEDNESDAY, 28 MAR 2012
... it qualifies for the ASIC exemption that obviates the opt-in requirement for advisers signed to a professional code. "The FOFA reforms will result in the raising of standards across the financial planning profession, which is a positive step to boosting ...