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Search ResultsShowing 1 - 10 of 29 results for "AIOFP"
FASEA boycott sparks in-fighting
ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
... "Enough is enough," he said. Another advice association, the Association of Independently Owned Financial Professionals (AIOFP) reached out to their membership about the UFAA's boycott suggestion. "Some members have asked our opinion on what the UFAA ...
ASIC bans Linchpin directors
ELIZABETH MCARTHUR  |  FRIDAY, 29 MAY 2020
... subsidiary of Linchpin. He also used to be the chair of the Association of Independently Owned Financial Professionals (AIOFP) . ASIC found that the three directors failed to act in the best interests of the members of the Investport Income Opportunity ...
AIOFP launches fresh campaign, criticises FPA
ELIZABETH MCARTHUR  |  TUESDAY, 21 APR 2020
... Royal Commissions 'untouchable recommendations' from the list - a very powerful outcome to learn from," Johnston said. The AIOFP thinks mortgage brokers achieved a better outcome for their businesses and commissions by going straight to consumers via ...
COVID-19 sparks renewed fight for commissions
ELIZABETH MCARTHUR  |  MONDAY, 6 APR 2020
... institutions are turning them off earlier than the law requires. The Association of Independent Financial Professionals (AIOFP) has made a submission on the implementation of the Royal Commission recommendations calling for the banning of grandfathered ...
Positives from the pandemic for advisers
ELIZABETH MCARTHUR  |  TUESDAY, 24 MAR 2020
According to the Association of Independently Owned Financial Professionals (AIOFP), the COVID-19 pandemic may be producing some positives for financial advisers. In a letter to AIOFP members, executive director Peter Johnston wrote that despite all ...
Separate advice and product: AIOFP
ELIZABETH MCARTHUR  |  FRIDAY, 7 FEB 2020
... wants product failures and financial losses from those failures factored into the Compensation Scheme of Last Resort. The AIOFP said it agrees with the "general thrust" of the Compensation Scheme of Last Resort and findings from the Royal Commission ...
Last stand for grandfathered commissions falls over
ELIZABETH MCARTHUR  |  THURSDAY, 30 JAN 2020
... Professionals has failed to raise the necessary funds to mount its High Court challenge to retain grandfathered commissions. The AIOFP has confirmed the High Court challenge to fight the banning of grandfathered revenue will not go ahead. The association ...
CFS culls grandfathered commissions, slashes fees
KANIKA SOOD  |  FRIDAY, 6 DEC 2019
... provide any ongoing services to the members. On the flip side, Association of Independently Owned Financial Professionals (AIOFP) earlier condemned CFS and other product issuers winding down the commissions earlier than the 2021 deadline. "Our terms ...
Grandfathering phase out tussle continues
ELIZABETH MCARTHUR  |  FRIDAY, 22 NOV 2019
... phase out of grandfathered remuneration, much to the ire of the Association of Independently Owned Financial Professionals (AIOFP). A CFS spokesperson confirmed to Financial Standard the business is planning to phase out grandfathered remuneration throughout ...
ASIC using intimidation tactics on grandfathering: AIOFP
ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
... shut down grandfathered commissions early, according to the Association of Independently Owned Financial Professionals (AIOFP). Speaking to Financial Standard , AIOFP executive director Peter Johnston claimed the corporate regulator is using its intervention ...
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