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Showing 721 - 730 of 1211 results for "Future of"

FoFA changes go too far diluting conflicted rem: ISA

LAURA MILLAN  |  FRIDAY, 21 FEB 2014
Industry Super Australia (ISA) has argued to a Senate committee that the proposed amendments to the Future of Financial Advice (FoFA) "go too far by diluting both the conflicted remuneration prohibition and the best interests duty." ISA deputy chief ...

Consumers safe under FoFA changes: former judge

MARK SMITH  |  WEDNESDAY, 19 FEB 2014
The best interests of consumers are not under threat from the Government's proposed changes to the Future of Financial Advice Reforms (FoFA), according to SMSF Professionals' Association of Australia (SPAA) patron Sir Anthony Mason. In his opening address ...

Advice riskiest ASIC sector

LAURA MILLAN  |  WEDNESDAY, 19 FEB 2014
... along with ASIC deputy chair Peter Kell. Medcraft refused to comment on the government's proposed amendments on the Future of Financial Advice (FoFA) regulation, which have stirred debate among industry stakeholders over the last few days. "It is a government ...

Sinodinos holds strong on FoFA regs despite legal concerns

LAURA MILLAN  |  TUESDAY, 18 FEB 2014
Assistant Treasurer Arthur Sinodinos remained resolute about his plan to introduce the amendments to the Future of Financial Advice (FoFA) via regulations "to the extent legally possible," despite some industry opposition. Sinodinos said that the aim ...

FoFA reform brings general advice into the spotlight

LAURA MILLAN  |  MONDAY, 17 FEB 2014
The proposed amendment to Future of Financial Advice (FoFA) that exempts general advisers from conflicted remuneration could see a return to commissions according to the Opposition, despite some industry bodies arguing that these claims are "misconceived." ...

Lawyer questions legality of FoFA amendments

JAMES FERNYHOUGH  |  MONDAY, 17 FEB 2014
The government's proposed amendments to the Future of Financial Advice (FoFA) reforms could be deemed legally "invalid" and "susceptible to challenge in the courts" if they are pushed through via regulatory change rather than legislation, law firm Arnold ...

Matrix Financial Solutions' MD departs

HARRY PAGE  |  THURSDAY, 13 FEB 2014
... confident with what has been built at Matrix. I'm proud of steering the company through the global financial crisis and Future of Financial Advice (FoFA)." Matrix Financial Solutions is expected to begin recruiting for the vacant role immediately.

Bowen's FoFA fears "complete rubbish": AFA

LAURA MILLAN  |  WEDNESDAY, 12 FEB 2014
... Association of Financial Advisers (AFA) has slammed comments by Shadow Treasurer Chris Bowen that proposed amendments to the Future of Financial Advice (FoFA) regulation may make Storm or Trio Capital cases "more likely" as "complete rubbish." "The ALP ...

FPA slams detractors of best interest amendment

LAURA MILLAN  |  WEDNESDAY, 12 FEB 2014
... has stated that "consumers have nothing to fear from the proposed amendments" that will remove a sub-section of the Future of Financial Advice (FoFA) legislation referring to the best interest duty. "We are witnessing an extraordinary effort by product ...

Latest Financial Standard issue available on the iPad app

JAMES FERNYHOUGH  |  MONDAY, 10 FEB 2014
... to achieve in office. In particular, Senator Sinodinos reflects on the thinking behind the proposed amendments to the Future of Financial Advice (FoFA) reforms. In this edition's feature article, we look at the world of cash and term deposits, asking ...