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Showing 1 - 10 of 39 results for "FOFA changes"

Former NULIS chair faces Royal Commission

KANIKA SOOD  |  TUESDAY, 7 AUG 2018
... would need to be repaid if there was no adviser linked to the account. Smith also said she did not recall the looming FoFA changes as a primary or in-part motivation for the new fee structure. Two key fees under the new plan were: an adviser contribution ...

Fintech success insignificant so far: Fahy

JAMIE WILLIAMSON  |  MONDAY, 5 JUN 2017
... Fahy said. "The reality is the Budget changes that went through last year, the super stream changes before that, the FOFA changes before that, the Stronger Super and MySuper and so on mean that the roadmaps for innovation and technology are dictated ...

Advice not just compliance: Centrepoint

ALEX BURKE  |  FRIDAY, 15 MAY 2015
... and practices are obsessed with "[their] own processes rather than the needs of clients." "We need to embrace the FOFA changes to consumer protections, remuneration, conflicts of interest and justification for product recommendations. However, effective ...

Government repeals Palmer FoFA changes

LAURA MILLAN  |  WEDNESDAY, 17 DEC 2014
The government has repealed the Palmer United Party's (PUP) proposed changes to the Future of Financial Advice (FoFA) legislation and grandfathering amendments have become law. The registration of the grandfathering provisions will see these regulations ...

FoFA disallowance could put industry into breach of law

LAURA MILLAN  |  WEDNESDAY, 19 NOV 2014
... an important, timely and necessary debate," and asked the government to sit with the opposition to talk about the FoFA changes. "There is a reason why every single consumer organisation in this country believes that these are bad regulations and that ...

Opposition wants to postpone vote on FoFA bill

LAURA MILLAN  |  TUESDAY, 23 SEP 2014
... Labor Senator Sam Dastyari said in a dissenting report of the Senate Economics Committee inquiry into the latest FoFA changes. Dastyari, who is also the Committee's deputy chair, argued that the FSI is expected to report later in the year, while both ...

FoFA legislative changes pass in the House of Reps

LAURA MILLAN  |  THURSDAY, 28 AUG 2014
... and did not intervene in the debate, even though his Senators' votes were key to block a Labor motion to disallow FoFA changes in the Senate. Liberal MP Andrew Laming said that the Coalition was not in the debate "considering sophisticated investors ...

Government succeeds in securing final FoFA changes

LAURA MILLAN  |  WEDNESDAY, 16 JUL 2014
The government's deal with the Palmer United Party (PUP) means that the proposed changes to the Future of Financial Advice (FoFA) legislation are set to go through. The final changes include the removal of the opt-in requirement, which asked clients ...

Labor, Greens will "keep fighting" after FoFA backflip

LAURA MILLAN  |  WEDNESDAY, 16 JUL 2014
... 34 senators voting against and 31 in favour. If the opposition was to be successful in altering the government's FoFA changes, it would need a majority in the Senate. However, PUP and Muir's support of the Coalition during yesterday's vote means that ...

Retail funds also guilty of 'Compare the Pair' vagueness

JAMES FERNYHOUGH  |  THURSDAY, 26 JUN 2014
... need for consumer protection. This really calls into question the ISA's integrity when lobbying against the proposed FoFA changes." At time of writing neither BT nor ANZ had responded to enquiries as to whether they would continue to run their ads, or ...
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