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Showing 51 - 60 of 77 results for "FOFA legislation"

Coalition clears up FOFA questions

MELANIE TIMBRELL  |  MONDAY, 28 MAY 2012
With FOFA legislation due for debate in the Senate next month, the Opposition's spokesperson on Financial Services has provided details on what FOFA would look like under a coalition government. Speaking at an Association of Financial Advisers Budget ...

ASIC flags guidance on code approval

MELANIE TIMBRELL  |  WEDNESDAY, 2 MAY 2012
... engaged in the process of developing the codes. "It will be some time before codes that are consistent with the FOFA legislation are out in the marketplace," Kell said. "However, there is nothing to stop potential applicants for an approved code from ...

FOFA will not be delayed: Minter Ellison

BEN COLLINS  |  TUESDAY, 1 MAY 2012
The Federal Government's FOFA legislation will be implemented on target, said Minter Ellison Lawyers at a roundtable yesterday. "I can't see there being any delays. It would require a change to legislation to do that and I'm sure that there won't be," ...

Details still needed on opt-in: ANZ Wealth

CLAIRE MCGREAL  |  FRIDAY, 23 MAR 2012
... ANZ Wealth, with a number of issues still to consider. The government yesterday released its amendment to the FOFA legislation relating to the controversial requirement, which gives ASIC the power to exempt an adviser or dealer group from opting-in. ...

AFA hits out at ISN over deal allegations

CLAIRE MCGREAL  |  THURSDAY, 22 MAR 2012
... Financial Standard it was standing by its commitment to remove the opt-in clause completely from the proposed FOFA legislation. "There is a lot of rumour and innuendo and that is what happens when you get to a critical point in the FOFA discussions ...

ASIC tackles platform industry

CLAIRE MCGREAL  |  TUESDAY, 13 MAR 2012
... operators disclose how they choose financial products for their investment menus. The regulator said the proposed FOFA legislation would be likely to have a "significant impact" on platforms, with the sector already seeing "considerable" change and growth. ...

AFA urges Independents to help change FOFA

CLAIRE MCGREAL  |  THURSDAY, 8 MAR 2012
... Advisers has written to Independents and other MPs urging their support to change certain elements of the planned FOFA legislation. Issues outlined by the association include the removal of retrospective fee disclosure requirements and opt-in, to "improve ...

Franklin Templeton plans retail growth

CLAIRE MCGREAL  |  THURSDAY, 8 MAR 2012
... their expansion plans in the next four-six weeks, and envisages they will come on stream this year. The proposed FOFA legislation has also seen advisers shift the types of strategies they use, according to McKay. "The backdrop of FOFA makes more active ...

FOFA provisions will go ahead: PJC

ELISE BURGESS  |  THURSDAY, 1 MAR 2012
... of 2014," it said. Most of the PJC recommendations were as expected and covered the first two tranches of the FOFA legislation Bills. The PJC reaffirmed its stance on opt-in and annual renewal statements, saying Best Interest duty would remain as is. ...

FOFA discontent rumbles on after PJC findings

CLAIRE MCGREAL  |  THURSDAY, 1 MAR 2012
... requirements," said Fiona Reynolds, AIST chief. Meanwhile, the Opposition reiterated its key concerns over the FOFA legislation in the wake of the PJC report. Opposition spokesman on Financial Services Mathias Cormann said he believed implementation ...