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Showing 41 - 50 of 120 results for "Financial Advice Reforms"

FPA pushes for three-year opt-ins

ALEX BURKE  |  WEDNESDAY, 24 JUN 2015
... clients to receive three-year opt-in notices rather than the two-year arrangement proposed in the Future of Financial Advice reforms. Speaking to Financial Standard, FPA chief executive Mark Rantall explained that the FPA code - for which the association ...

IFAs to benefit from budget

ALEX BURKE  |  TUESDAY, 12 MAY 2015
... also encourage others to start up in small businesses, and I think with all the changes in the Future of Financial Advice reforms, which sort of created a bit of a potential concern around new entrants coming through, it's a real encouragement for financial ...

Banking and super groups back parliamentary recommendations

DARREN SNYDER  |  FRIDAY, 8 MAY 2015
... government's proposed reforms build on the significant changes that have resulted from the Future of Financial Advice reforms and continue to drive the process of the professionalisation of the financial advice industry," Munchenberg said. He said the ...

NAB to take "leading role" in advice remediation

ALEX BURKE  |  WEDNESDAY, 22 APR 2015
... added that the fee-for-service model promoted by MLC served as an "early proof point for the Future of Financial Advice reforms."

Cormann to keep up the FoFA fight

ALICE URIBE  |  THURSDAY, 20 NOV 2014
... Cormann told ABC Radio this morning that the government had until 30 June 2015 to pursue its controversial financial advice reforms. "We have legislation in front of the Parliament, substantive legislation in front of the Senate. Two Senate inquiries ...

Upfront commissions linked to bad advice

JAMES FERNYHOUGH  |  FRIDAY, 10 OCT 2014
... been no talk of the banning commissions for risk advice. Life insurance was excluded from the Future of Financial Advice reforms ban on commissions on the grounds that Australians are underinsured. Only 1% of risk advisers receive no commissions. Financial ...

Bowen supports lump sum status quo

JAMES FERNYHOUGH  |  THURSDAY, 7 AUG 2014
... Superannuation Guardians, with the current government scrapped. He called the amendments to the Future of Financial Advice Reforms (FoFA) "shambolic, secretive and dismissive of proper processes," and signaled a future Labor government would look to ...

Prepare for the 'financial Amazon': Joye

JAMES FERNYHOUGH  |  THURSDAY, 19 JUN 2014
... despite Australia's relatively small population. Joye also touched on the amendments to the Future of Financial Advice reforms, saying that "one real wrinkle" in the reforms is use of balanced scorecards. He said these essentially allow advisers to receive ...

IOOF reports growth across the board

JAMES FERNYHOUGH  |  TUESDAY, 25 FEB 2014
... with little regulatory change on the horizon - apart from the potential winding back of the future of financial advice reforms, which would be favourable IOOF's advisers - trading conditions were "optimal". He also cited the potential opening up of the ...

Consumers safe under FoFA changes: former judge

MARK SMITH  |  WEDNESDAY, 19 FEB 2014
... best interests of consumers are not under threat from the Government's proposed changes to the Future of Financial Advice Reforms (FoFA), according to SMSF Professionals' Association of Australia (SPAA) patron Sir Anthony Mason. In his opening address ...