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Showing 81 - 90 of 105 results for "Grandfathering"

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 ...

But industry bodies see FoFA delay "unlikely"

LAURA MILLAN  |  FRIDAY, 28 JUN 2013
... approach" to the legislation over the next twelve months. "We would like to see some parts of the regulation, such as grandfathering, clarified as soon as possible, but those provisions don't come in until July 2014," Rantall said. The Association of ...

Regulation remains unclear a month out from FoFA

LAURA MILLAN  |  TUESDAY, 4 JUN 2013
... suggested during the FPA roadshow held today in Sydney. Some of the aspects that need to be clarified are around grandfathering and conflicted remuneration, stockbrokers and brokerage fees, intra fund advice being removed from the opt-in obligation ...

Low balance members hit with fees under super changes

ALICE URIBE  |  MONDAY, 8 APR 2013
... and comply with this new legislation," he said. One particular issue that planners may face is the three-tiered grandfathering of assets in super. "There are three ways of how the tax will work depending on when the assets were bought. For example, it ...

AFA outlines stance on conflicted remuneration

LAURA MILLAN  |  WEDNESDAY, 27 FEB 2013
... non-conflicted status when passed on to employed advisers. * The AFA has sought more clarity on the application of grandfathering and the definition of an arrangement. The association has requested guidance on grandfathering to be provided throughout ...

Advisers risk wasting 2013: van Eyk Advice

BEN COLLINS  |  WEDNESDAY, 12 DEC 2012
... change, Australian financial planning businesses are in danger of wasting next year, van Eyk Advice has warned. 'Grandfathering' provisions in the federal government's Future of Financial Advice (FoFA) reforms could mean that advisers become complacent ...

Prepare now for MySuper revenue siege: MLC's Doust

MARK STORY  |  TUESDAY, 30 OCT 2012
... on all super contributions is something that advisers need to work vigorously to replace, especially before the grandfathering period ends in 2017. All default accounts must be transferred to MySuper in 2017 where no choice is made. That's why it's critical ...

We'll hunt down commission 'work around': FSA

ALEX DUNNIN  |  FRIDAY, 12 OCT 2012
... Retail Distribution Review (RDR). The RDR is akin to Australia's FOFA reforms but much more onerous, with almost no grandfathering and with a much shorter implementation period. The extent of the reforms is being seen as a major challenge to wealth management ...