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Showing 581 - 590 of 746 results for "FoFA"

FSP reviews group terms, eyes recruits

ELISE BURGESS  |  MONDAY, 23 JAN 2012
... client engagement," said Smith. FSP said that it hopes to attract attracting firms from groups which haven't offered advisers FOFA readiness support or full dealer services. "We believe advisers who have strong client relationships and a clear advice ...

ASFA warns on unseen MySuper outcomes

ELISE BURGESS  |  THURSDAY, 19 JAN 2012
... agrees the requirements of its standards with affected regulators, in particular ASIC." Meanwhile in a separate submission on FOFA, ASFA announced it is running scaled advice testing scenarios to see whether an adviser could provide scaled advice on ...

Issues beyond the FOFA horizon

ELISE BURGESS  |  WEDNESDAY, 18 JAN 2012
... Parliamentary Joint Committee submissions continue at a rapid pace with the Government receiving opinions both for and against the FOFA reforms package, yet a recent industry panel session looked at the issues facing the advice industry beyond FOFA that ...

MLC cuts PDS down on flagship products

ELISE BURGESS  |  WEDNESDAY, 18 JAN 2012
... are part of the Government's move to protect consumers from overly confusing financial statements and should complement the FOFA reforms while cutting down admin costs for business.

MySuper regulations fundamentally flawed

MELANIE TIMBRELL  |  TUESDAY, 17 JAN 2012
... Financial Services. According to the submission, the CSSA believes proposed MySuper changes should be considered alongside FOFA as a result of significant crossover in the legislation. The submission refers to research conducted by Rice Warner on behalf ...

ASIC releases FOFA guidance plan

ELISE BURGESS  |  TUESDAY, 13 DEC 2011
... Investments Commission (ASIC) has released its regulatory guidance plans for the impact of the Future of Financial Advice (FOFA) reforms, based on the assumption it will keep with the commencement date of July 1, 2012. Acknowledging that this start date ...

Round two of Stronger Super revealed

CLAIRE MCGREAL  |  TUESDAY, 13 DEC 2011
... superannuation system. The Association of Superannuation Funds of Australia (ASFA) recently called for both the Stronger Super and FOFA legislation to be considered in conjunction with each other, "given the interdependency between FOFA and intra fund ...

Industry welcomes Shorten's promotion

CLAIRE MCGREAL  |  TUESDAY, 13 DEC 2011
... Financial Advisers (AFA) also welcomed the news, saying the association would continue to work with the Minister "around" FOFA reforms. "Like the Government, we want to ensure that Australians continue to have choice when it comes to financial advice ...

Russell urges advisers to keep low value clients

ELISE BURGESS  |  TUESDAY, 13 DEC 2011
... value clients, according to Russell Investments, with new alternatives to create a profitable relationship despite impending FOFA regulations. One predicted unexpected outcome of the Future of Financial Advice (FOFA) reforms has been the industry-wide ...

Industry responds to intra fund advice measures

CLAIRE MCGREAL  |  FRIDAY, 9 DEC 2011
... members will be paying for an advice service they will not receive. This runs against all of the Stronger Super/Cooper and FoFA reform principles. We cannot support a framework that creates two levels of transparency for financial advice," said FSC chief ...