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Showing 701 - 710 of 746 results for "FoFA"

Advisers sacked, fees halved in "doom" scenario

ALISON BEVEGE  |  MONDAY, 2 MAY 2011
... report by research house Rice Warner Actuaries stated the figures in an analysis of the impact of Future of Financial Advice (FOFA) reforms. The report was undertaken for the Industry Super Network, a lobby group that has stridently criticised adviser ...

Accountants scope FOFA for opportunities

ELISE BURGESS  |  FRIDAY, 29 APR 2011
... scoping for new potential opportunities for accountants to provide 'non-product' financial advice to clients in light of the FOFA reforms. CPA Australia, Institute of Chartered Accountants in Australia and National Institute of Accountants, which make ...

AustralianSuper new player in advice industry

ELISE BURGESS  |  FRIDAY, 29 APR 2011
... complete advice and super service for clients. The fund said that in light of the Cooper Review, the Ripoll Report and new the FOFA reforms, a partnership between the industry super fund and planning groups makes practical sense. AustralianSuper, which ...

Opposition attacks opt-in concession

ALISON BEVEGE  |  THURSDAY, 28 APR 2011
... a concession by requiring clients to renew their advice agreements every two years under the Future of Financial Advice (FOFA) reforms rather than every year as originally proposed. Advisers will be required to send a renewal notice at least 30 days ...

New super products and mergers may result - insurers

ELISE BURGESS  |  THURSDAY, 28 APR 2011
... will create their own super products or be taken over by wealth managers while direct insurance will get a boost from new FOFA reforms. Life insurers and financial planners alike have responded with mixed reactions to today's announcement regarding the ...

Less conflict, more interest: FOFA

MICHELLE BALTAZAR  |  THURSDAY, 28 APR 2011
Despite some protests on the details of the proposed FOFA reforms, Assistant Treasurer Bill Shorten said the changes, particularly the ban on 'conflicted remuneration', can only improve the planning industry's public image and encourage more Australians ...

Licensee tests offer planners protection

MATT WOODINGTON  |  THURSDAY, 28 APR 2011
... against fiduciary problems as licensees are to be subject to the same best interest tests, according to the Government's FOFA reforms. The Financial Planning Association (FPA) said that one of its recommendations included in the FOFA reforms package ...

SPAA positive but fears bad practice post FOFA

ELISE BURGESS  |  THURSDAY, 28 APR 2011
The Self Managed Super Fund Professionals' Association (SPAA) has responded positively to the FOFA reforms but expressed fears that the banning of risk commissions may shift market. The association has concerns about dealing with risk commissions separately ...

FOFA leaves consumers in the cold

MATT WOODINGTON  |  THURSDAY, 28 APR 2011
... Australian consumers have been cast aside with the government failing to address the key issues with the latest announcement of FOFA reforms, according to the Association of Financial Advisers (AFA). AFA's chief executive officer Richard Klipin, believes ...

Clients want commissions - AFA

ELISE BURGESS  |  WEDNESDAY, 27 APR 2011
... adviser choose to do so because of fees associated with advisers. "Ultimately what these findings tell us is that the proposed FOFA reforms around the possible banning of commissions on risk products and opt-in will, if implemented, have a devastating ...