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Showing 591 - 600 of 746 results for "FoFA"

Govt releases intra-fund advice rules

ELISE BURGESS  |  THURSDAY, 8 DEC 2011
... into a retirement product offered by the same registrable superannuation entity. "Intra-fund advice will be subject to key FOFA regulatory requirements, such as the best interests duty, thereby promoting a level playing field with other forms of financial ...

AMP enhances super products

CLAIRE MCGREAL  |  THURSDAY, 8 DEC 2011
... 22, 2012. The changes are aimed at ensuring consumers don't get bogged down in lengthy financial statements, complementing FOFA reforms while cutting down admin costs for business. "AMP has moved to short form PDSs for all our contemporary super products ...

AFS acquires QLD planning practice

ELISE BURGESS  |  WEDNESDAY, 7 DEC 2011
... Financial Standard at the time that talk of acquisitions was becoming more prevalent as the industry prepares for the post-FOFA world. "The large institutions are looking to build their market share quickly, organisations that don't have distribution ...

Christmas deadline for FOFA clarity: ANZ

CLAIRE MCGREAL  |  WEDNESDAY, 7 DEC 2011
ANZ Wealth has warned that Christmas is the "absolute drop dead date" for clarity on FOFA reforms before implementation costs double. Paul Barrett, ANZ general manager advice and distribution, told reporters in Sydney yesterday that time is ticking ...

Managed accounts get FOFA boost

ELISE BURGESS  |  TUESDAY, 6 DEC 2011
Managed Discretionary Accounts are reaping some benefits from the introduction of FOFA as advisers turn to new investment vehicles, recording $150 million of inflows during the five months to November 30 for IAS. Investment Administration Services (IAS) ...

PM: Labor taking reform road on super

CLAIRE MCGREAL  |  MONDAY, 5 DEC 2011
... employees," said the PM. Gillard also spoke of the need to make financial advice more accessible for people as part of the FOFA reforms. "We'll get rid of the conflicts of interest and excessive fees, we'll bring fairness to financial advice. We'll give ...

Consolidation creating conflict between product and advice

RACHEL DAVIS  |  THURSDAY, 1 DEC 2011
... that while it is confident about the future of independent financial advice, it fears consolidation in anticipation of the FOFA reforms is creating a conflict of interest between product and advice. "According to some reports, almost 85% of advisers ...

FOFA implementation time vital: ASFA

CLAIRE MCGREAL  |  THURSDAY, 1 DEC 2011
ASFA is calling for a 12 month "transition period" from the proposed FOFA start date next winter to give the industry time to properly implement the changes. In its submission to the Parliamentary Joint Committee (PJC), the Association of Superannuation ...

Snowball re-brands for future

CLAIRE MCGREAL  |  WEDNESDAY, 30 NOV 2011
... those large competitors, so our eyes are wide open as to what we need to do to be part of that larger end consolidation." On FOFA, Fenning said the group was highly supportive of the measures, but admitted it had become frustrated at the uncertainty ...

Ventura reduces wholesale funds cost

CLAIRE MCGREAL  |  WEDNESDAY, 30 NOV 2011
... director Kate Mulligan, the practice efficiencies of a multi-manager approach will mean advisers are well placed to deal with FOFA reforms. "The inherent efficiencies of a multi-manager fund are ideal for FOFA, as they help save advisers' time and assist ...