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| | | ... Guardian's adviser network to 200 by 2014. "Australia's advice landscape is highly competitive, and with the changes surrounding FoFA, many advisers have been uncertain about their future," said Guardian Advice head Simon Harris. "Guardian's solution ... |
| | | | ... unintended consequences". The contentious proposal, which was tabled in parliament yesterday as part of the second tranche of FOFA, requires advisers to act in the best interests of clients and give priority to the interests of the client above any other ... |
| | | | The FOFA Tranche 2 reforms were tabled in parliament this morning, gaining industry support and reinforcing the Government's speed to move these reforms through both houses. Included in the Tranche 2 Future of Financial Advice (FOFA) reforms are the ... |
| | | | A heated panel session between government and industry heavyweights about the FOFA reforms led to calls for a realistic debate and new government promises, with opt-in dominating the discussion. In a session at the Financial Planning Association's annual ... |
| | | | The FPA Best Practice award winners are also those leading way in FOFA-compliant practices, with the association awarding those at the forefront of their industry. Speaking with Financial Standard after their win, Pippa Elliot, CFP, of WA planning firm ... |
| | | | Minister for Financial Services and Superannuation Bill Shorten and the FPA agree that the FOFA reforms will pass through parliament, with the Minister urging planners to embrace change as a necessary survival tool for the betterment of the industry. ... |
| | | | Financial advisers need to be implementing FOFA changes now in order to avoid confusion for clients or possible litigation down the road. That's the message from the Institute of Managed Account Providers, who maintain the best way to ensure FOFA readiness ... |
| | | | ... education standards and code of ethics, Rantall spoke of the extraordinary time planners find themselves in. "With the GFC, FOFA and ageing demographics the need for advice has never been greater," said Rantall, adding how highly publicised cases of ... |
| | | | ... round of sitting days currently scheduled for both chambers of parliament, it seems increasingly unlikely that the proposed FOFA legislation will pass through both houses before Christmas. Added to this is the fact that the government has yet to bring ... |
| | | | ... Public Accountants' 6,300 public practice members with a financial services package. The move comes in response to planned FOFA reforms, which will remove accountants' exemption from giving financial advice under certain terms. The new service will offer ... |
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