Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 61 - 70 of 120 results for "Financial Advice Reforms"

Advisers must ask clients about SRI investing: Australian Ethical

MARK SMITH  |  WEDNESDAY, 23 JAN 2013
... engagement should begin with the adviser and, moreover, thinks that the current wording of the Future of Financial Advice Reforms could obligate them to do so after 1 July this year. "There is an argument that the Best Interests Duty requires advisers ...

FoFA readiness is all about client engagement: MLC

MARK SMITH  |  FRIDAY, 18 JAN 2013
Restructuring back office systems for the Future of Financial Advice Reforms is easy compared with preparing advisers for the different discussions they will have with clients, says MLC's Richard Nunn. Having targeted transparency and improving client ...

FOFA guidance released

BEN COLLINS  |  FRIDAY, 14 DEC 2012
Two key pieces of guidance for the Federal Government's Future of Financial Advice reforms were released by the Australian Securities & Investments Commission Yesterday. Regulatory guides that the corporate watchdog said had been produced after extensive ...

ASIC eyes off researchers

BEN COLLINS  |  TUESDAY, 11 DEC 2012
... policy to help researchers meet their legal obligations, and to bring its rules in line with the Future of Financial Advice reforms. ASIC's new guidance applies to a "broad range" of investment research providers such as analysts and research houses. ...

Mortgage Choice Financial Planning open for business

MARK SMITH  |  TUESDAY, 11 DEC 2012
... Planning spokesperson added that the move had been deliberately timed to coincide with the Future of Financial Advice reforms in a bid to win new business. "The timing is good," she explained. "The proposition has been tested thoroughly along the way ...

Wealth CEO's lambast regulatory reforms

BEN COLLINS  |  MONDAY, 10 DEC 2012
... Many leaders in the wealth management industry don't think that new regulation, such as the Future of Financial Advice reforms (FoFA) and Stronger Super even pass a simple cost-benefit test, said John Brogden, chief executive, Financial Services Council ...

Draft regulation released for Accountant Exemption

BEN COLLINS  |  THURSDAY, 29 NOV 2012
... Shorten. A limited Australian Financial Services License was announced as part of The Government's Future of Financial Advice reforms. This will replace the current accountants' exemption and will see up to 10 000 become licensed to provide advice in ...

Super reforms should not kill off smaller funds: Quadrant

MARK SMITH  |  FRIDAY, 23 NOV 2012
Super and financial advice reforms don't necessarily have to put small super funds under the pump, according to Quadrant Super CEO Wayne Davy. It is widely anticipated that reforms such as MySuper, and the downward pressure on fees that result, will ...

Most consumers distrust advisers

MARK SMITH  |  TUESDAY, 13 NOV 2012
... changes. The study gives a worrying snap-shot of the industry in the run up to the government's Future of Financial Advice reforms becoming mandatory from July next year. AFA President Brad Fox says that the AFA's own research has highlighted that one ...

MLC adds nine inv options to super product

LINDA HAUSKEN  |  THURSDAY, 18 OCT 2012
... reduced a number of fees and improved the transparency of the product to prepare for the upcoming Future of Financial Advice reforms. Additionally, a buy-sell spreads have been introduced to make transacting more fair and equitable for all members. "The ...