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Showing 681 - 690 of 746 results for "FoFA"

Advisers to decide opt in: AusFIN

ELISE BURGESS  |  TUESDAY, 7 JUN 2011
... actions, said network of consumer, welfare, union and industry super fund groups, AusFIN. Since the Future of Financial Advice (FOFA) proposals suggested an opt in process for the financial advice industry, advisers have protested against the change. ...

Shorten responds to bias accusations

ELISE BURGESS  |  FRIDAY, 3 JUN 2011
Assistant Treasurer Bill Shorten has refuted claims made by planner association critics that have suggested his FOFA reforms are an industry funds puppet, with a spokesman labelling the claims as "a bit rich". Yesterday the Association of Financial ...

Proposed tough planner rules

ELISE BURGESS  |  THURSDAY, 2 JUN 2011
... field in the financial advice space is needed and that the Government should be providing independent modelling which proves FOFA reforms would result in better outcomes for consumers. "This is what should be the fundamental focus of FOFA," Klipin said. ...

Industry funds, independent platforms stand up for FOFA reforms

ALISON BEVEGE  |  WEDNESDAY, 1 JUN 2011
... May 19 to target the four independent members of the Federal House of Representatives in their bid to have elements of the FOFA reforms scrapped. Since then consumer groups and industry fund representatives have criticized the opposition to the reforms ...

Tower, Praemium tackle new frontier

ELISE BURGESS  |  FRIDAY, 27 MAY 2011
Life insurer, Tower Australia, has taken a first step after the proposed FOFA banning of commissions on risk products. The insurance giant has joined with online financial portfolio administrator, Praemium which will give Tower access to its 200 planner ...

Merged planning groups plot Snowball effect

MATT WOODINGTON  |  THURSDAY, 26 MAY 2011
... predominantly in the high net worth clients' space. McDonald said that the combined business would be "doubly ready" for the FOFA reforms if and when they become a reality. Both Snowball and Shadforth have been actively pursuing M&A strategies and have ...

Oakeshott won't back FOFA

ALEX DUNNIN  |  THURSDAY, 26 MAY 2011
Independent and Lower House balance MP Rob Oakeshott has told reporters that he won't back the FOFA opt-in reforms; raising doubts whether the whole advice reform package will make it past its first parliamentary hurdle. Oakeshott wavering on the FOFA ...

Advisers hampered by conflicted platforms

ALISON BEVEGE  |  WEDNESDAY, 25 MAY 2011
... (platform providing) institutions - but they're not letting them on the menu," she said. The Future of Financial Advice (FOFA) reforms would help a little bit, with advisers required to satisfy the "best interest" duty towards their client, she said. ...

Planners risk trouble opposing FOFA

ALISON BEVEGE  |  FRIDAY, 20 MAY 2011
... fail to pass. Shadow Minister for Financial Services Senator Mathias Cormann said yesterday he would repeal two elements of FOFA widely unpopular among planners if elected: opt-in provisions and the ban on risk commissions in superannuation. He also ...

Advisers aim for independents over FOFA

ALISON BEVEGE  |  THURSDAY, 19 MAY 2011
Financial planners on the warpath over Future of Financial Advice (FOFA) reforms were given a crash course in political lobbying today by Shadow Minister for Financial Services Senator Mathias Cormann, who told them to target the independents. Speaking ...