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Showing 531 - 540 of 746 results for "FoFA"

MLC: FOFA support hub sees strong response

ELISE BURGESS  |  WEDNESDAY, 28 MAR 2012
MLC has reported a strong response to its FOFA-focused website for its advisers, detailing how reforms may impact their business, with a 45% rise in traffic since its launch. Since its pilot launch in early March, the Future of Financial Advice (FOFA) ...

Flaws in advice system revealed by ASIC report

ELISE BURGESS  |  WEDNESDAY, 28 MAR 2012
... numbers are disappointing and the industry has to look closely at the data, which points to clear areas of improvement such as FOFA Best Interest and conflicted remuneration in particular. I'm optimistic the next shadow shop will show industry improvement ...

FOFA passing causes industry division

ELISE BURGESS  |  FRIDAY, 23 MAR 2012
... called the legislation "historic reforms" that complement the current upgrade of the superannuation industry. "Put simply, FOFA means more money will be better managed," said Shorten. In a reform adjustment, the Government will give ASIC the ability ...

Details still needed on opt-in: ANZ Wealth

CLAIRE MCGREAL  |  FRIDAY, 23 MAR 2012
... according to ANZ Wealth, with a number of issues still to consider. The government yesterday released its amendment to the FOFA legislation relating to the controversial requirement, which gives ASIC the power to exempt an adviser or dealer group from ...

FOFA opt-in amendment in full

CLAIRE MCGREAL  |  THURSDAY, 22 MAR 2012
The government has moved to clarify the FOFA amendment relating to opt-in. The amendment, as seen by Financial Standard this afternoon, states: Corporations Amendment (Future of Financial Advice) Bill 2011 Schedule 1, item 10, page 8 (after line 19) ...

FSC: Government drops opt-in requirement

CLAIRE MCGREAL  |  THURSDAY, 22 MAR 2012
The Financial Services Council has accused the government of "walking away" from the "centrepiece" of the FOFA reforms by dropping the opt-in requirement for advisers. The FSC said it was responding to FOFA amendments tabled in parliament today, maintaining ...

AFA hits out at ISN over deal allegations

CLAIRE MCGREAL  |  THURSDAY, 22 MAR 2012
... yesterday told Financial Standard it was standing by its commitment to remove the opt-in clause completely from the proposed FOFA legislation. "There is a lot of rumour and innuendo and that is what happens when you get to a critical point in the FOFA ...

FPA: Stance on opt-in remains the same

ELISE BURGESS  |  WEDNESDAY, 21 MAR 2012
... would exempt planners from the opt-in requirement after just four years, in an effort for the Future of Financial Advice (FOFA) reforms to move forward. Mark Rantall, chief executive of FPA, told Financial Standard that such conjecture was expected as ...

Investorfirst CFO resigns

CLAIRE MCGREAL  |  FRIDAY, 16 MAR 2012
... to December 31, 2011. Investorfirst said there were a number of factors for its "lower then expected" revenue, including FOFA uncertainty, market conditions and delays in the setting up of the Retail Super offering.

Advisers urged to keep up pressure on FOFA change

CLAIRE MCGREAL  |  FRIDAY, 16 MAR 2012
As the dust settles on yesterday's FOFA start date announcement, the financial planning industry has pledged to keep pushing for changes to elements of the planned legislation. Leading the charge from the Opposition benches is shadow assistant Mathias ...