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Showing 61 - 70 of 747 results for "FOFA"

ASIC totally unprepared for advice reforms: Tynan

ALEX BURKE  |  THURSDAY, 19 APR 2018
... As a result of this, Tynan hasn't seen anything come out of the Royal Commission yet that genuinely surprised him. "It was FoFA that brought in opting-in. But up until then, that's not how the industry operated. Those policies are still there, on the ...

No view on ending adviser commissions: AMP

ALEX BURKE  |  TUESDAY, 17 APR 2018
... sake of the discussion, but the point is that commissions are phasing out over time, which I understand is a function of FoFA," he added. Ultimately, Regan conceded he believed that moving exclusively to a fee-for-service model is "much more consistent ...

Royal Commission must cast net wider

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... provided by industry funds for its compliance with the best interests duty introduced under the Future of Financial Advice (FoFA) reforms. Responding to questions about ASIC's investigation into vertically integrated entities, Kell said: "We are looking ...

Industry Super Australia chief executive resigns

ALEX BURKE  |  FRIDAY, 13 APR 2018
... clean up the financial advice industry and provided the policy grunt for what would become the Future of Financial Advice (FoFA) laws. ISA then stopped these laws being watered down by the incoming Abbott Government, in the face of relentless lobbying ...

AFA responds to 'disappointing' PJC life insurance report

KARREN VERGARA  |  WEDNESDAY, 11 APR 2018
... to consumers. The findings "merely rehashes" previous reports and research into the segment comprehensively addressed by FoFA, the Life Insurance Framework and more recently professional standards legislation, the AFA said. The PJC has fundamentally ...

General advice "misleading": Productivity Commission

JAMIE WILLIAMSON  |  WEDNESDAY, 7 FEB 2018
... they are also being offered a much narrower range of in-house products. With the exception of wealth management due to the FoFA reforms, the Commission said providers in product markets are using terms and conditions to shift liability to consumers. ...

Vertically integrated institutions failing to manage conflicts of interest

JAMIE WILLIAMSON  |  THURSDAY, 25 JAN 2018
... in-house products. The regulator conceded that there were improvements in the practices of the licensees compared to its pre-FOFA surveillance work, though the findings suggest the licensees reviewed may not be appropriately managing the conflict of ...

2018 Financial Standard Investment Leadership Awards

JOHN DYALL  |  FRIDAY, 22 DEC 2017
... advisers becoming more sophisticated is a force just as powerful in that they are building sustainable businesses for the post-FOFA regulatory environment. They understand that clients are willing to pay only so much - and no more - for their services. ...

Fox joins Tribeca Financial board

KARREN VERGARA  |  WEDNESDAY, 6 DEC 2017
... Fox's leadership over his four-year tenure helped the industry traverse through a tumultuous period of reforms, including FoFA, MySuper, professional standards and the Life Insurance Framework. Fox is also part of ASIC's 18-member Financial Services ...

Industry associations merge

KARREN VERGARA  |  FRIDAY, 1 DEC 2017
... with include the SuperStream data standards, the Insurance in Superannuation Working Group and Future of Financial Advice (FoFA) reforms. "The opportunities to liaise directly with representatives of the regulators had also brought about improved understandings ...