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| | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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. ... |
| | | | ... 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 ... |
| | | | ... 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'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 ... |
| | | | ... 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 ... |
| | | | ... area of fixed income solutions," PIMCO explained. PIMCO head of Australia and New Zealand Adrian Stewart added: "In today's FoFA environment the pathway to longer term and deeper relationships is through education and PIMCO is uniquely able to provide ... |
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