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Showing 41 - 50 of 77 results for "FOFA legislation"

FoFA changes delay tax-deductible advice: Ripoll

LAURA MILLAN  |  FRIDAY, 7 FEB 2014
... "But the biggest problem at the moment is that the government is lowering these standards by amending Labor's FoFA legislation," he said. In its pre-budget submission, the FPA recommended that the government prepare an initial financial plan, as well ...

Sinodinos defends "speedy" FoFA legislation

ALICE URIBE  |  FRIDAY, 31 JAN 2014
The Assistant Treasurer Arthur Sinodinos has denied claims that the government's plan to implement the Future of Financial Advice (FoFA) reform measures through regulations, rather than via legislation, is a way to avoid opposition scrutiny. Speaking ...

Advisers "hopeful" to hear FoFA changes before 2014

LAURA MILLAN  |  FRIDAY, 13 DEC 2013
... Anderson explained that the association does not know if the cabinet has started to look at the amendments to the FoFA legislation. The changes need to be approved by the cabinet and the government will issue a proposal of legislative and regulatory ...

Coalition confirms plans for FoFA amendments

LAURA MILLAN  |  TUESDAY, 9 JUL 2013
... the document said. "We are ready to hit the ground running and we have already drafted the 50 odd amendments to FOFA legislation necessary to give effect to our plan," the shadow Minister for Financial Services and Superannuation Mathias Cormann said. ...

Corporate super advisers see revenue decline under FoFA

LAURA MILLAN  |  THURSDAY, 4 JUL 2013
... services paid for by the super fund, a combination that is considered to be 'conflicted remuneration' under the FoFA legislation. Super Advice Services is one of the advice practices affected by the legislation and its managing director and founder James ...

"Bad apples" slipping through the cracks: ASIC

BEN COLLINS  |  THURSDAY, 26 JUL 2012
... conduct, reinforcing that any code submitted for ASIC approval would need to encompass the full scope of the FOFA legislation. "Really, this means that it will be some time before we see a code that negates the need for opt in requirements."

netwealth naked wrap slashes fees to 35bp

LINDA HAUSKEN  |  THURSDAY, 19 JUL 2012
... platform fees down to a low 35bps. The Wealth Accelerator wrap is the latest platform designed in response to the FOFA legislation and the push to fee transparency and unbundling that will provide advisers and clients with more features at a significant ...

Advisers positive about fee for service

LINDA HAUSKEN  |  MONDAY, 9 JUL 2012
With the FOFA legislation taking effect in less than a year, the hybrid fee for service model is growing in popularity among financial advisers, reveals a new report. The Elixir Consulting's 2012 Adviser Pricing Models report is based on a study of ...

FOFA passes as industry backs professionalism

MELANIE TIMBRELL  |  THURSDAY, 21 JUN 2012
Industry bodies have broadly welcomed yesterday's passage of the FOFA legislation through the Senate, with the focus on codes of conduct effectively setting up the industry for self-regulation amid the push towards professionalism and better consumer ...

Ex-MLIM chief and head of sales to lead Powerwrap

BEN COLLINS  |  WEDNESDAY, 30 MAY 2012
... place I am confident of Powerwrap's ability to execute our strategy going forward," he said. "The impact of the FOFA legislation and increased consumer awareness means that independent advisers are looking for more efficient, transparent platforms that ...