Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 13 results for "New FoFA"

New FoFA likely to increase advice costs

LAURA MILLAN  |  FRIDAY, 5 DEC 2014
The latest changes to the Future of Financial Advice (FoFA) legislation have brought back the opt-in requirement, which will force planners to spend more time on paperwork and raise their fees charged to clients as a consequence. A survey by consultancy ...

Industry welcomes grandfathering deal

LAURA MILLAN  |  WEDNESDAY, 26 NOV 2014
... businesses as they will not be subject to unfair, retrospective losses." He added that "the industry can now transition to the new FoFA laws with certainty." Yesterday, the Government gave notice of a motion in the Senate to reinstate the grandfathering ...

Labor considers ban on insurance commissions

LAURA MILLAN  |  TUESDAY, 14 OCT 2014
... said. "We will be looking very closely at that report, as well as consulting with the sector as to the coverage of our new FoFA laws that we will take to the next stage because I think that the issues raised are of deep concern," he added. Bowen said ...

New FoFA will not bring back old commissions: FactCheck

STAFF WRITER  |  MONDAY, 2 JUN 2014
Changes to the Future of Financial Advice (FoFA) legislation will not bring back old-style commissions, ABC's FactCheck program said, contradicting shadow Treasurer Chris Bowen. FactCheck analysed Bowen's statement that changes to FoFA will bring back ...

ASIC's powers heightened under FoFA

LAURA MILLAN  |  WEDNESDAY, 17 JUL 2013
... will act more strongly on cases of misconduct in the wake of Future of Financial Advice (FoFA) the regulator said. The new FoFA regulation has allowed ASIC to take civil penalty actions, whereas until now the regulator could only undertake actions to ...

Customised portfolios ease FoFA burden

MARK SMITH  |  TUESDAY, 18 JUN 2013
Customised multi-asset portfolios regulated under unit trust schemes can help advisers comply with the new FoFA regime coming into force on 1 July. Select Asset Management (Select) has urged Australian financial advice firms to review the underlying ...

Commonwealth Financial Planning restructures adviser remuneration

LAURA MILLAN  |  THURSDAY, 18 APR 2013
... announced at an internal company meeting and the new model will start on July 1, 2013, which is the same day that the new FoFA regulation commences. The Financial Planning Association (FPA) welcomed the changes. "The FPA supports the fee-for-service ...

FOFA disadvantages early move on fee-for-service

MELANIE TIMBRELL  |  FRIDAY, 25 MAY 2012
... remuneration this week, may disadvantage advisers who have already moved to a fee-for-service model in line with the new FOFA regime. Dante De Gori, general manager policy and government relations at the Financial Planning Association of Australia (FPA) ...

Mason Stevens buys 2020 Funds Management

ELISE BURGESS  |  MONDAY, 5 MAR 2012
... conversations with planners about managed accountants and how they can change their offering to their clients as we move into a new FOFA world." Bignill said planners will start to see the benefits of this merger in Mason Stevens products and services ...

AFS acquires QLD planning practice

ELISE BURGESS  |  WEDNESDAY, 7 DEC 2011
... requirements and the need to ensure that our collective business and cultural DNA were aligned," said Meikle. "We see the new FOFA / fee-for-advice era as an opportunity for professional financial planners and practices to grow and prosper. AFS Group's ...
PAGE:
1
PREVIOUS
NEXT