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Showing 1 - 10 of 57 results for "Financial Services Reform Act"

QAR does not "trash" FoFA: Anderson

CASSANDRA BALDINI  |  TUESDAY, 7 MAR 2023
... solution that should be fast tracked. "The requirement to prepare a Statement of Advice (SoA) was a Financial Services Reform Act initiative dating back to 2001. This was not a FoFA reform, so there can be no FoFA argument against this," he said. While ...

ASIC brings in disclosure expert to review RG97

ALEX BURKE  |  WEDNESDAY, 29 NOV 2017
... ASIC, McShane played a key role in the implementation of both the Managed Investments Act and the Financial Services Reform Act. ASIC explained that his RG97 review will consider both the "the value of fee and cost information for consumer decision making ...

Non-aligned advisers gifted growth opportunity

JAMIE WILLIAMSON  |  THURSDAY, 15 DEC 2016
... Zurich, Henderson said he doesn't "think a whole lot has changed" since the introduction of the Financial Services Reform Act which saw the industry described as structurally corrupt. "We seem to be repeating history on a five-year cycle at the moment. ...

PROFILE: NAB Financial Planning general manager Paul Fog

ALEX BURKE  |  MONDAY, 23 NOV 2015
... was really starting to evolve," he explains. "It then got enshrined in law later on through the Financial Services Reform Act in 2001." Because it was a new field, Fog's planner colleagues ranged from fellow lawyers to "stockbrokers, real estate valuation ...

ASIC lines up Macquarie Private

MELANIE TIMBRELL  |  THURSDAY, 6 SEP 2012
... an internal review in 2008 that found more than 80% of private client advisers were in breach of Financial Services Reform Act standards. News of the investigation has emerged as ASIC prepares for trial in a case against Macquarie, CBA and Bank of Queensland ...

Former AFA president mourned

RACHEL DAVIS  |  TUESDAY, 12 JUN 2012
... Committee on Financial Services Reform on behalf of advisers in the lead up to the implementation of the Financial Services Reform Act (FSRA). He was the Australian delegate to the Asia-Pacific Financial Services Association and was invited to join their ...

Infocus names new head of compliance

ELISE BURGESS  |  TUESDAY, 17 MAY 2011
... monitoring program for advisers. Dixon previous experience includes overseeing the implementation of the Financial Services Reform Act and senior manager of Queensland sales and service for Commonwealth Financial Services. Dixon was also the winner of ...

Planners needle minister over FOFA

ALISON BEVEGE  |  THURSDAY, 14 APR 2011
... financial advice, with the main reason being price. He reminded planners that the previous government's Financial Services Reform Act focused on licensing requirements and disclosure - principles that FOFA improved on. "We no longer accept that disclosing ...

FPA opposes creation of product sellers

... The FPA has submitted a response to the government requesting that the proposed refinements to the Financial Services Reform Act (FSRA) be amended. The Federal Government is proposing the establishment of a new category of 'product sellers', distinct ...

FSR style licensing regime for mortgage brokers

WWW.THESHEET.COM  |  MONDAY, 23 OCT 2006
... needs," said Clyde. "It will look a little like FSR. We have been looking at that type of system." The Financial Services Reform Act (FSR)is the primary regulatory regime covering financial planners. Clyde, who was speaking in Sydney at a conference ...
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