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Showing 61 - 70 of 105 results for "Grandfathering"

FoFA future uncertain as Palmer threatens to join opposition

LAURA MILLAN  |  MONDAY, 30 JUN 2014
... 2015, which means that the government needs to pass all the changes by legislation, except for clarification on the grandfathering provision. With 33 representatives in the new Senate, the Coalition needs six extra votes to approve the amendments to ...

Banks suspected of pocketing grandfathered commissions

JAMES FERNYHOUGH  |  TUESDAY, 24 JUN 2014
... commissions' to better inform the public debate regarding the legitimacy or otherwise of the proposed extension of grandfathering provisions. "In our view it would be unconscionable to extend the grandfathering of commissions, a process which will ultimately ...

Government to pass most FoFA changes through regulation

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... regulations are permitting balanced scorecard incentive payments which do not conflict advice and improvements to the grandfathering provisions. Changes through regulation will come into effect from July 1, 2014, until December 31, 2015, and later legislated. ...

Intra-fund advice is also a commission: FSC

LAURA MILLAN  |  FRIDAY, 23 MAY 2014
... executive David Whiteley said. "The banks want to wind back provisions at the heart of FoFA, they want to extend the grandfathering of sales commissions at the same time," he added. Rice Warner research commissioned by the ISA calculated that paying ...

FoFA changes to cost consumers millions

JAMES FERNYHOUGH  |  THURSDAY, 22 MAY 2014
... and commissioned by Industry Super Australia (ISA), said the removal of opt-in requirements and the allowance of grandfathering of commissions, as well as other factors, could cost consumers as much as $7.5 billion over the next 14 years. The report ...

Synchron recruits admin staff to cope with adviser demand

LAURA MILLAN  |  FRIDAY, 11 APR 2014
... adviser applications. The dealer group decided to put applications on hold and was waiting for more certainty on the grandfathering provisions of the Future of Financial Advice (FoFA) reforms. The initial provisions prevented advisers from keeping their ...

Sinodinos defends "speedy" FoFA legislation

ALICE URIBE  |  FRIDAY, 31 JAN 2014
... best interest duty to allow for scaled advice, exempting general advice from conflicted remuneration; and amending grandfathering to allow for adviser movements. Sinodinos said that the plans to wind back some of the former government's FoFA reforms ...

FoFA reforms put professional standards at risk: Ripoll

LAURA MILLAN  |  THURSDAY, 30 JAN 2014
... best interest duty to allow for scaled advice, exempting general advice from conflicted remuneration; and amending grandfathering to allow for adviser movements. Ripoll said that the opposition would be "looking closely" at the best interest provisions ...

Government releases FoFA draft legislation

ALICE URIBE  |  WEDNESDAY, 29 JAN 2014
... best interest duty to allow for scaled advice, exempting general advice from conflicted remuneration; and amending grandfathering to allow for adviser movements. According to a media release the government will now move to implement the measures through ...

Synchron in recruitment mode after grandfathering changes

LAURA MILLAN  |  TUESDAY, 21 JAN 2014