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Showing 1 - 7 of 7 results for "FA Act"

AFA slams skyrocketing ASIC levy

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
The Association of Financial Advisers fears that ASIC's FY21 industry levy will blow out even more than its estimates. The association does not want history to repeat itself, pointing to how the FY20 levy jumped 54% higher than ASIC's estimates. ...

AFA slams new SOA measures

KARREN VERGARA  |  WEDNESDAY, 7 JUL 2021
The Association of Financial Advisers has hit back at ASIC and APRA for causing "confusion" and "interfering" with financial advice as they look to introduce new changes to Statements of Advice. The association points to the regulators' joint letter ...

AFA defends industry against Labor attack

KARREN VERGARA  |  MONDAY, 21 JUN 2021
The Association of Financial Advisers has slammed the Labor Party's attack on financial advisers, which paints the profession as dodgy and continues to rip-off consumers. AFA acting chief executive Phil Anderson is calling for an end to the "persecution" ...

Advisers to go forth with claims handling

ANNABELLE DICKSON  |  MONDAY, 26 APR 2021
The Association of Financial Advisers (AFA) has welcomed the government's regulation that will exempt advisers from varying their AFSL to provide claims handling, following a submission outlining issues. The government passed Financial Sector Reform ...

SMSFA slams PC draft findings

KARREN VERGARA  |  WEDNESDAY, 25 JUL 2018
The SMSF Association has slammed the Productivity Commission for labelling smaller-sized self-managed super funds as "fundamentally flawed" and for not comparing returns on a level playing field. In its submission to the Productivity Commission's draft ...

New Zealand advice industry to be overhauled

JAMIE WILLIAMSON  |  WEDNESDAY, 9 AUG 2017
... Providers (Registration and Dispute Resolution) Act 2008 (FSP Act), while also repealing the Financial Advisers Act 2008 (FA Act). Under the new Bill, all financial advisers will be moved into the FMC Act regime. Unlike the FA Act, the new Bill enables ...

Government must lift annuities impediments: ASFA

JAMES FERNYHOUGH  |  WEDNESDAY, 9 OCT 2013
The Association of Superannuation Funds of Australia (ASFA) has called on the Government to reduce impediments to the provision of adequate retirement income stream products such as annuities. ASFA acting chief executive Ross Clare said now was an "opportune ...
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