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Search ResultsShowing 1 - 10 of 100+ results for "Future of Financial Advice"
AMP approved product list under fire
ELIZABETH MCARTHUR  |  WEDNESDAY, 1 JUL 2020
... understands there were fee arrangements between AMP's platform and product providers prior to the Future of Financial Advice reforms and some of these arrangements still exist as grandfathered fees. These will be turned off by 1 January 2021. Questioning ...
Fintech acquires licensee
ELIZABETH MCARTHUR  |  FRIDAY, 26 JUN 2020
... company's culture. "We found that the leadership team at NEO Financial Solutions shared our outlook on the future of financial advice and we wanted to align to take the companies forward together," he said. "Many financial advisers have spent their ...
ASIC mainly concerned with media releases: Lawyer
ELIZABETH MCARTHUR  |  TUESDAY, 9 JUN 2020
... paper argued that advisers were made sacrificial lambs by Australia's largest institutions during the Future of Financial Advice (FOFA) reforms, and are still feeling the consequences. "The big end of town, led by their industry bodies, successfully ...
Count Financial makes growth-focused hire
ALLY SELBY  |  FRIDAY, 22 MAY 2020
... Count's chief advice officer Andrew Kennedy said the appointment demonstrated Count's commitment to the future of financial advice and growing its network in a time when others are departing the industry. "For some time now, we have been talking about ...
AMP defends hefty remuneration bill
ELIZABETH MCARTHUR  |  FRIDAY, 8 MAY 2020
... company," Murray said. Explaining the poor performance of the wealth management business, Murray said the Future of Financial Advice Reforms and the Royal Commission had caused the public to doubt the business' commitment to customers. De Ferrari ...
What SMSFs will look like in 2030
ELIZABETH MCARTHUR  |  WEDNESDAY, 19 FEB 2020
... he said. "What is the solution? Get some advice, for the love of God," Blomfield said. He said post Future of Financial Advice reforms, the number of Australians receiving financial advice has halved and those who are accessing advice have a net-worth ...
Separate advice and product: AIOFP
ELIZABETH MCARTHUR  |  FRIDAY, 7 FEB 2020
... which identified $37 billion in losses from product failures. The association noted that since the Future of Financial Advice reforms commenced in 2013, advisers have not been remunerated by product manufacturers but rather paid by clients. "That was ...
PIMCO puts Aussie LIT on ice
KANIKA SOOD  |  MONDAY, 3 FEB 2020
... exemption for LICs and LITs which were allowed to pay advisers and brokers a commission even after the Future of Financial Advice (FoFA) reforms banned such payments on most investment products. The consultation, which was announced by Treasurer Josh ...
Stamping fees consultation kicks off
KANIKA SOOD  |  TUESDAY, 28 JAN 2020
... to advisers and brokers for exchange-listed funds, as public scrutiny into the practice mounts. The Future of financial Advice (FoFA) reforms in 2013 put an end to commissions that financial advisers could collect from putting clients into investment ...
Government ignored ASIC over LIC carve-out
HARRISON WORLEY  |  MONDAY, 6 JAN 2020
... laws reveal the government ignored ASIC's advice to not create a carve-out for LICs and LITs in the Future of Financial Advice conflicted commission ban. According to documents published last week under a freedom of information request made by The Australian ...
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