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Showing 41 - 50 of 530 results for "Future of Financial Advice"

Whistleblower calls out approved product lies

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... effectively mitigated the risk of competition and evolution. "If the nature, purpose and intent of the Future of Financial Advice reforms and the Royal Commission's recommendations are to improve advice quality, address conflicts of interest and ...

FS Power50 highlights most influential advisers in 2019

ELIZABETH MCARTHUR  |  MONDAY, 21 OCT 2019
... Financial Standard editorial team. The 2019 Power50 focussed on those who are instrumental in shaping the future of financial advice in Australia and who are genuinely influential. There is a wealth of experience represented in this list - of the Power50 ...

Colonial First State hit with second class action in less than a week

ELIZA BAVIN  |  MONDAY, 21 OCT 2019
... advisers for new members because it was clear they were not in members' best interests, through its Future of Financial Advice reforms. "Ever since, CFS continued to pay commissions with respect to existing members under what became known as the ...

Complexity of grandfathered commissions overlooked

ELIZABETH MCARTHUR  |  FRIDAY, 27 SEP 2019
... grandfathered commissions has been overlooked by policy makers. Anderson states in the paper that the 2012 Future of Financial Advice legislation introduced a number of bans that are relevant to the current banning of grandfathered remuneration - including ...

Priced out: Advice affordability at risk

ELIZABETH MCARTHUR  |  MONDAY, 9 SEP 2019
... advice for ordinary Australians is under threat. Anderson pointed to the original objectives of the Future of Financial Advice reforms, which include ensuring the availability, accessibility and affordability of high-quality financial advice. This was ...

Adviser of the Year named

ELIZABETH MCARTHUR  |  THURSDAY, 29 AUG 2019
... and empowering clients. Chris sees challenges as opportunities and is a terrific role model for the future of financial advice." The AFA and TAL Female Excellence in Advice award went to Dawn Thomas of Wealthwise. Thomas was drawn to financial services ...

REP 515 divides advice community

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 AUG 2019
... financial advice industry would result in advice becoming more expensive. Further, Anderson quoted the Future of Financial Advice reform objectives which included the aim of ensuring the availability and affordability of high quality financial advice. ...

Value but no trust in advice: Report

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
... advisers. Interestingly, the focus groups revealed those with knowledge of industry reforms like the Future of Financial Advice had better attitudes to advice too. "So, it is even more important for industry to get on board with the reforms," Press said. ...

ASIC to review end of grandfathering

ELIZABETH MCARTHUR  |  WEDNESDAY, 21 AUG 2019
... grandfathering of conflicted remuneration," the joint statement said. When commissions were banned under the Future of Financial Advice reforms in 2013, trail commissions on existing investments were exempt. The Royal Commission recommended an end to ...

Frydenberg flags new advice disciplinary system

HARRISON WORLEY  |  MONDAY, 19 AUG 2019
... empowering Australia's financial regulators to enforce the law," Frydenberg said. "In comparison, the Future of Financial Advice Reforms (FOFA), took almost 23 months from when the Parliamentary Joint Committee on Corporations and Financial Services ...