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Showing 51 - 60 of 88 results for "Fee disclosure statement"

ASIC reviews FoFA progress

JAMES FERNYHOUGH  |  THURSDAY, 18 SEP 2014
The Future of Financial Advice (FoFA) reforms have had little effect on either adviser numbers or the type of financial advice AFS licensees provide, according to the Australian Securities and Investments Commission (ASIC). In its review on the implementation ...

Government succeeds in securing final FoFA changes

LAURA MILLAN  |  WEDNESDAY, 16 JUL 2014
The government's deal with the Palmer United Party (PUP) means that the proposed changes to the Future of Financial Advice (FoFA) legislation are set to go through. The final changes include the removal of the opt-in requirement, which asked clients ...

Deal with government brings in consumer protection: Palmer

LAURA MILLAN  |  TUESDAY, 15 JUL 2014
... own. The measures also lined out that any fees are to be disclosed and that the adviser must provide a fee disclosure statement annually. Clients will have the right to change their instructions to the adviser if they experience a change in their circumstances. ...

FoFA disallowance vote will save "millions"

ALICE URIBE  |  TUESDAY, 15 JUL 2014
... Mark Rantall said the result of the deal was a "sensible outcome". "The removal of the retrospective fee disclosure statement is very welcomed as that will save millions of dollars for the industry. The removal of the opt-in will remove millions of dollars ...

FoFA future uncertain as Palmer threatens to join opposition

LAURA MILLAN  |  MONDAY, 30 JUN 2014
The government's efforts to give financial advisers more certainty by passing some of the Future of Financial Advice (FoFA) reforms through regulations could be in vain as Clive Palmer suggested his party, Palmer United, does not support the measures. ...

Advisers applaud "historic" ban on commissions

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
Financial advice associations and the Financial Services Council (FSC) have applauded the "historic" ban on commissions in general advice and welcomed the government's changes to the Future of Financial Advice (FoFA) law. "We are extraordinarily pleased ...

Government to pass most FoFA changes through regulation

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
The government is intending to approve most changes to the Future of Financial Advice (FoFA) law through regulation first, despite Labor and the Greens strong opposition to the amendments. Minister for Finance Mathias Cormann issued a response to the ...

Stakeholders stage FoFA confrontation in Senate submissions

LAURA MILLAN  |  WEDNESDAY, 7 MAY 2014
A new round of submissions to the Senate inquiry into the Future of Financial Advice (FoFA) amendments has seen consumers, academics and industry bodies holding increasingly opposing positions. Most stakeholders focused on the most controversial topics ...

BT Financial Group posts 21% profit rise

MARK SMITH  |  MONDAY, 5 MAY 2014
... market share at 19.7%. Asgard ranked top three in Investment Trends' survey and ranked number one for Best Fee Disclosure Statement and Best Platform Integration Functionality. The company also said it is on track to deliver its Panorama platform which ...

Compliance absorbs half of platforms' development budget

LAURA MILLAN  |  TUESDAY, 29 APR 2014
... usability, adviser support, reporting, direct shares and corporate actions functionality, as well as building fee disclosure statement (FDS) tools from scratch. CFS FirstWrap topped the ranking of full-function platforms by overall functionality for ...