Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 641 - 650 of 746 results for "FoFA"

FOFA levels playing field: ANZ Wealth

ELISE BURGESS  |  MONDAY, 5 SEP 2011
The FOFA best interest duty proposals will level the playing field with advisers free to compete with super funds for intrafund advice clients, according to Paul Barrett, general manager advice and distribution, ANZ Wealth. The best interest test, as ...

Mercer plans for post FOFA advice dominance

ELISE BURGESS  |  THURSDAY, 1 SEP 2011
... solution and the introduction of its global funds to Australian advisers. Prompting the move was the Future of Financial Advice (FOFA) reforms, which Cara Williams, recently appointed as global head of wealth management, told Financial Standard has resulted ...

ANZ Wealth: phone-based advisers to help with opt-in

ELISE BURGESS  |  THURSDAY, 1 SEP 2011
... advisers of those groups have been asking us to do two things: get opt-in and service the client base in an efficient way in a FOFA world," said Barrett. A qualified financial planner will go into the practice, meet with the licensee and get to know ...

PM Gillard: super to support economic stability

ELISE BURGESS  |  WEDNESDAY, 31 AUG 2011
... of which are reshaping the structure of the economy. The Prime Minister also spoke of Monday's Future of Financial Advice (FOFA) reforms in relation to the super savings of Australians and said it should not be about industry or retail funds, but what ...

FOFA: Opt-in obligations, ASIC

ELISE BURGESS  |  MONDAY, 29 AUG 2011
The much anticipated proposed regulations for the financial advice industry have been announced with opt-in, the banning of commissions, new powers for ASIC and a consultation paper on the term 'financial planner' outlined in the first tranche of draft ...

FOFA: Government extends soft-dollar benefit ban to non-super risk insurance

ALISON BEVEGE  |  MONDAY, 29 AUG 2011
The Federal Government has extended its ban on soft-dollar benefits under the Future of Financial Advice draft legislation announced today. It will now include risk insurance outside of superannuation. The ban, scheduled to go live on July 1, 2012 ...

FOFA divides on commission

ELISE BURGESS  |  MONDAY, 29 AUG 2011
... release of draft legislation of the Future of Financial Advice reforms. Despite hinting that commissions may be allowed in FOFA in early August, Shorten's draft ruled that out with a complete ban on risk insurance commissions on group life insurance ...

Industry body applauds move to define financial planners

MATT WOODINGTON  |  MONDAY, 29 AUG 2011
... restriction of the term 'financial planner' should be implemented following industry feedback. "We believe this closes a loop on FOFA in terms of consumer protection," said Rantall. "The crux of it is enshrining the fact that you can't use the title ...

20pc not too high for super contributions

RACHEL DAVIS  |  FRIDAY, 26 AUG 2011
... to address, to help prepare them for the point of draw down." Harden also addressed the upcoming regulatory changes with FOFA and acknowledged that while it was not going to be an easy transition for the industry, it was an important one. "The fees should ...

SPAA board appoints comms specialist

ELISE BURGESS  |  MONDAY, 22 AUG 2011
... appointment of Bowerman coincides with a peak time of the industry, as the Stronger Super and Future of Financial Advice (FOFA) reforms discuss potential consolidation for the $432 billion SMSF sector. "Robin is highly regarded in the financial services ...