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

Search Results

Showing 541 - 550 of 746 results for "FoFA"

Senate committee gives FOFA green light

MELANIE TIMBRELL  |  THURSDAY, 15 MAR 2012
... ban on conflicted remuneration, a call for Treasury to consult with corporate superannuation firms on alternate models of FOFA-aligned remuneration and ASIC's close supervision of the use of asset-based fees. The committee called for independent reviews ...

Mandatory FOFA start date confirmed for July 2013

CLAIRE MCGREAL  |  THURSDAY, 15 MAR 2012
The financial services industry has been given another year to implement the FOFA reforms, with the mandatory industry wide start date confirmed as July 1, 2013. Financial Services Minister Bill Shorten announced the proposed FOFA changes will kick ...

ASIC tackles platform industry

CLAIRE MCGREAL  |  TUESDAY, 13 MAR 2012
... platform operators disclose how they choose financial products for their investment menus. The regulator said the proposed FOFA legislation would be likely to have a "significant impact" on platforms, with the sector already seeing "considerable" change ...

AFA urges Independents to help change FOFA

CLAIRE MCGREAL  |  THURSDAY, 8 MAR 2012
... Financial Advisers has written to Independents and other MPs urging their support to change certain elements of the planned FOFA legislation. Issues outlined by the association include the removal of retrospective fee disclosure requirements and opt-in ...

Franklin Templeton plans retail growth

CLAIRE MCGREAL  |  THURSDAY, 8 MAR 2012
... director of advisory services Jim McKay told Financial Standard the time was ripe to further evolve in the retail sector, with FOFA changes just around the corner. "We think change presents opportunity...and that there is an opportunity that this change ...

FOFA makes assumptions on churning: Synchron

CLAIRE MCGREAL  |  WEDNESDAY, 7 MAR 2012
Independent adviser boutique Synchron has slammed elements of FOFA, claiming it will ultimately lead to advisers being penalised when acting in their client's best interest. Synchron has criticised two particular elements it says relate to churning ...

UN Responsible Investment head joins Emerald launch

ELISE BURGESS  |  TUESDAY, 6 MAR 2012
... Medcalf, managing director of the wrap distributor, The Emerald Club, said the changes within the Future of Financial Advice (FOFA) reforms means this is the ideal time for the new wrap. "The political climate, with both FOFA and the Carbon Tax is helping ...

Mason Stevens buys 2020 Funds Management

ELISE BURGESS  |  MONDAY, 5 MAR 2012
... conversations with planners about managed accountants and how they can change their offering to their clients as we move into a new FOFA world." Bignill said planners will start to see the benefits of this merger in Mason Stevens products and services ...

Australian First Mortgage and SuperShift form alliance

CLAIRE MCGREAL  |  MONDAY, 5 MAR 2012
... revenue streams are dying from falling gap filling accountancy services and financial planning commissions from the GFC and FOFA, the SMSF industry goes from strength to strength." The offering is being rolled out for brokers this month.

FOFA provisions will go ahead: PJC

ELISE BURGESS  |  THURSDAY, 1 MAR 2012
The date is set for FOFA to start on July 1 this year with the Parliamentary Joint Committee releasing its report, complete with 15 new recommendations. In its 220-page report, the Parliamentary Joint Committee (PJC) noted that despite industry calls ...