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Showing 41 - 50 of 148 results for "FOFA reforms"

Synchron recruits admin staff to cope with adviser demand

LAURA MILLAN  |  FRIDAY, 11 APR 2014
... sides of politics have now acknowledged that the grandfathering issue was in fact an unintended consequence of the FoFA reforms," Synchron's Don Trapnell said. "ASIC's no-action stance on the issue has given us the confidence to again accept adviser ...

ICAA questions AFSL system, calls for individual licensing

ALICE URIBE  |  TUESDAY, 1 APR 2014
... on regulation that while protecting consumers, is both practical and designed to last. The ongoing debate over the FoFA reforms is not assisting in delivering one of the original policy objectives - to improve trust and confidence in the financial services ...

XPLAN named top planning application

STAFF WRITER  |  WEDNESDAY, 19 MAR 2014
... media and self-directed advice to develop new client relationships. "Scaled advice may be an enduring legacy of the FoFA reforms," Webster said. "After several years focused on developing planning operations functionality for comprehensive planning ...

Consumers join FoFA debate

JAMES FERNYHOUGH  |  TUESDAY, 18 MAR 2014
... was a great frustration that I couldn't give them an answer," he said. He also pointed to the fact that, while the FoFA reforms are aimed at protecting consumers, so far consumers have not been involved in the debate. "There is a cognitive bias - people ...

Compliance costs Aussie advisers $15k versus global peers

MARK SMITH  |  TUESDAY, 4 MAR 2014
... 'necessary evil' for financial planning practices and licensees, particularly when it comes to implementation of the FoFA reforms. However, our research shows that reducing the burden of these activities can have a tangible impact on growth and profitability," ...

Ripoll demands parliamentary debate for FoFA reforms

ALICE URIBE  |  FRIDAY, 21 FEB 2014
... sign posted in late 2013. However Ripoll disputed the government's assertions that it had signalled changes to the FoFA reforms "clearly." "There are enough loopholes through which to drive a very large truck. The devil is in the detail and the detail ...

FSC joins calls for tax deductible advice

MARK SMITH  |  MONDAY, 10 FEB 2014
... on an up-front basis as in the 'fee for service' arrangements which are the preferred payment method through the FOFA reforms. "Maximising access to financial advice is important, as advice is integral to growing and protecting the wealth and retirement ...

FoFA changes must go before parliament: Collins

JAMES FERNYHOUGH  |  MONDAY, 10 FEB 2014
... interest requirement - are too fundamentally different from the original legislation to qualify as regulations. "The FoFA reforms were many years in the making," he said. "These weren't overnight reforms. Scandals including Westpoint, Great Southern ...

Guardian lowers PI insurance premiums for planners

ALICE URIBE  |  FRIDAY, 31 JAN 2014
... commitment to providing positive financial outcomes and advice to more Australians. "The government's amendments to the FoFA reforms have been released for public consultation, and the future of commission structures remains uncertain. Despite the uncertain ...

Sinodinos defends "speedy" FoFA legislation

ALICE URIBE  |  FRIDAY, 31 JAN 2014
... get on with our election commitments," he said. This week, as part of its move to wind back the former government's FoFA reforms, the government released a set of draft regulations and legislation for consultation. According to a media release the government ...