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Showing 71 - 80 of 102 results for "Grandfathering"

Grandfathering pushes self-licensing

LAURA MILLAN  |  THURSDAY, 17 OCT 2013
Uncertainty around the grandfathering provision of the Future of Financial Advice (FoFA) regulations has made a self-license more appealing for advisers looking to leave their dealer group. "Lots of licensees have restrictions in place that might not ...

Sinodinos confirms election promises will be met

MARK SMITH  |  MONDAY, 14 OCT 2013
... Government would work closely with the industry, including with the AFA and its members, to ensure there are appropriate grandfathering arrangements in place. Sinodinos also said the Government would investigate ways to restore stability, certainty and ...

Guardian Advice benefits from planner "flight to security"

LAURA MILLAN  |  WEDNESDAY, 9 OCT 2013
... authorised representatives. Harris forecasted further growth in adviser numbers as soon as the new government amends the grandfathering provision of the Future of Financial Advice (FoFA) regulation. "We can see a change in the way the new government ...

Accounting and advice practices likely to increase mergers

LAURA MILLAN  |  WEDNESDAY, 11 SEP 2013
... mainly fee-for-service, which means that they are not affected by the Future of Financial Advice (FoFA) issue of grandfathering commission from investments. Birt predicted that the hostility between both professions will come to an end once they realise ...

Industry backs Cormann as Superannuation Minister

LAURA MILLAN  |  MONDAY, 9 SEP 2013
... forward to the Coalition ironing out some of the problematic consequences of FoFA, including problems with the Grandfathering rules which have reduced competition in the advice market and the ability for advisers to change licensees," the AFA chief executive ...

IOOF remains confident after reporting growth

LAURA MILLAN  |  FRIDAY, 23 AUG 2013
... earnings. Since the acquisition, the company has generated $6.1 million in pre-tax synergies. Kelaher said that the grandfathering provision of the Future of Financial Advice (FoFA) regulation has discouraged some advisers from changing dealer groups. ...

Industry asks for stronger consultation after elections

LAURA MILLAN  |  MONDAY, 5 AUG 2013
... for a period of time," Rantall said. He added that the FPA will be talking to both parties about issues such as "grandfathering, planners registering to the Tax Practitioners Board or the streamlining of fee disclosure statements."

FoFA could lock advisers into licensees for life

LAURA MILLAN  |  FRIDAY, 26 JUL 2013
The additional Future of Financial Advice (FoFA) regulations concerning the grandfathering provision could lock advisers into their licensee's dealership for life, consultancy firm Radar Results said. Industry bodies are already lobbying for changes ...

Grandfathering uncertainty already affecting businesses

LAURA MILLAN  |  MONDAY, 22 JUL 2013
Dealer groups are already feeling the consequences of the uncertainty around the grandfathering provisions within the new Future of Financial Advice (FoFA) regulations with planners hesitant to change licensees until the legislation is clearer. Synchron ...

Industry welcomes grandfathering extension

LAURA MILLAN  |  WEDNESDAY, 3 JUL 2013
The Association of Financial Advisers (AFA) has welcomed the Senate approval of the grandfathering regulation, one of the last pending aspects of the Future of Financial Advice (FoFA) regulation. The Senate vote has given the industry 12 more months ...