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Showing 711 - 720 of 1211 results for "Future of"

Onus on consumers to ask about commissions: Sinodinos

JAMES FERNYHOUGH  |  WEDNESDAY, 12 MAR 2014
... of interest, according to Assistant Treasurer Arthur Sinodinos. Defending the government's proposed amendments to the Future of Financial Advice (FoFA) reforms on ABC's Lateline last night, Sinodinos said consumers must quiz financial advisers to discover ...

FoFA amendments will reduce quality of advice: lawyer

JAMES FERNYHOUGH  |  TUESDAY, 11 MAR 2014
The government's proposal to amend the best interest duty section of the Future of Financial Advice (FoFA) reforms are "inconsistent with the nature of a best interests duty" and will "reduce the overall quality of financial advice", according to legal ...

FoFA changes could start before May: Sinodinos

LAURA MILLAN  |  WEDNESDAY, 26 FEB 2014
Assistant Treasurer Arthur Sinodinos told the Senate Standing Committee on Economics today that Future of Financial Advice (FoFA) proposed amendments could come into effect "earlier than May." The senator was asked during the Australian Securities and ...

Treasury looks at further FoFA amendments

JAMES FERNYHOUGH  |  TUESDAY, 25 FEB 2014
... the pay of the chosen super fund, providing ongoing advice to members. This is called a 'plan service fee'. Under the future of financial advice (FoFA) reforms, this is considered to be a conflict of interest and is banned. However, Latto said he is ...

IOOF reports growth across the board

JAMES FERNYHOUGH  |  TUESDAY, 25 FEB 2014
... profit report." He said that, with little regulatory change on the horizon - apart from the potential winding back of the future of financial advice reforms, which would be favourable IOOF's advisers - trading conditions were "optimal". He also cited ...

SFG growth not affected by FoFA changes

LAURA MILLAN  |  TUESDAY, 25 FEB 2014
... Australia has reported a strong half year result, which it says was not affected by the implementation costs of the Future of Financial Advice (FoFA) regulation. SFG operating earnings before interest, taxes, depreciation and amortisation (EBITDA) was ...

Ripoll demands parliamentary debate for FoFA reforms

ALICE URIBE  |  FRIDAY, 21 FEB 2014
... Services and Superannuation Minister Bernie Ripoll has called for a full parliamentary debate for the government's proposed Future of Financial Advice (FoFA) reforms. "We need a proper parliamentary debate rather than force changes through ministerial ...

S&P DJI eyes aligned advice groups with new role

JAMES FERNYHOUGH  |  FRIDAY, 21 FEB 2014
... products offered by the big banks. But John Davies, SPDJI's vice president, global exchange products, said that in the post-Future of Financial Advice (FoFA) world, this is changing. "Historically, the big banks have not wanted to market other products," ...

FPA "extremely wary" of general advice commissions

LAURA MILLAN  |  FRIDAY, 21 FEB 2014
The Financial Planning Association (FPA) submission to Treasury on the proposed amendments to the Future of Financial Advice (FoFA) says the organisation is "extremely wary of product distribution models which rely on general advice." The 20-page document ...

General advice exemption "irrelevant" to advisers: AFA

LAURA MILLAN  |  FRIDAY, 21 FEB 2014
... exemption to conflicted remuneration "irrelevant" in its submission to Treasury about the proposed amendments to the Future of Financial Advice (FoFA). "The AFA does not believe that the general advice exemption is relevant to financial advisers," the ...