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Showing 61 - 70 of 77 results for "FOFA legislation"

Super contributions break through $1 trillion

ALEX DUNNIN  |  THURSDAY, 1 MAR 2012
... segment footprint compared to a paltry 7% for industry funds. Regardless the specifics of the upcoming MySuper and FOFA legislation and Productivity Commission reviews into employer default funds, the real battle lines will consequently be over how effective ...

Platforms hoard cash amid FOFA uncertainty

MELANIE TIMBRELL  |  THURSDAY, 23 FEB 2012
... Andrew Keevers, director of research and product development at Rainmaker Information said that despite draft FOFA legislation and the fact that most major platform owners have supported the reforms, less than five of the platforms have launched commission-free ...

Conflict of interest still key issue: ASIC shadow shop

CLAIRE MCGREAL  |  TUESDAY, 21 FEB 2012
... According to Deen Sanders, chief professional officer, Financial Planning Association of Australia (FPA), the FOFA legislation as it stands represents a missed opportunity, and that while the FPA shared ASIC's goals to reform the industry, the association ...

S&P calls for adviser education on new ETF indices

MELANIE TIMBRELL  |  MONDAY, 20 FEB 2012
... transparency of index methodologies and underlying asset prices," said Richard Murphy, ASX spokesperson. Proposed FOFA legislation and the requisite shift to a fee-for-service model will make ETFs more relevant for advisers, according to Guy Maguire ...

No time for FOFA impact statement: OBPR

MELANIE TIMBRELL  |  WEDNESDAY, 15 FEB 2012
... has said time pressures prevented an adequate regulatory impact statement being prepared on six elements of the FOFA legislation. Speaking before a Senate Estimates committee, Jason McNamara, executive director of the OBPR said for some elements of the ...

Best interest to put focus on risk: Instreet

CLAIRE MCGREAL  |  FRIDAY, 10 FEB 2012
The contentious best interest clause in the FOFA legislation will place more of an onus on advisers to prove they are experts on the products they recommend to clients. That's according to asset management firm Instreet Investment, which has developed ...

Stronger Super makes trustee role unappealing: Mercer

ELISE BURGESS  |  THURSDAY, 9 FEB 2012
... proposed new standards on trustees, at effectively the same time as the introduction of MySuper and changes under FoFA legislation, will create significant disruption for the industry."

FOFA debate due after PJC report: Shorten

CLAIRE MCGREAL  |  MONDAY, 6 FEB 2012
Assistant Treasurer Bill Shorten has confirmed FOFA legislation won't be debated by MPs until after the Parliamentary Joint Committee has delivered its report and recommendations on the bill. Opposition spokesman on Financial Services Mathias Cormann ...

AMP: FOFA needs a rigorous stocktake

CLAIRE MCGREAL  |  TUESDAY, 24 JAN 2012
AMP has come down hard on the government's draft FOFA legislation, saying the Bill as it stands had "so many problems" a "rigorous stocktake" was needed. Appearing before the Parliamentary Joint Committee yesterday, managing director AMP Financial Services ...

FOFA moderate and reasonable: ISN

CLAIRE MCGREAL  |  TUESDAY, 24 JAN 2012
Head of the Industry Super Network David Whiteley has contested claims that the proposed FOFA legislation would cost the industry thousands of jobs. Reports today point to comments from Association of Financial Advisers (AFA) chief Richard Klipin, who ...