The Senate Economics Committee (SEC) review into the Future of Financial Advice (FoFA) Bills has recommended no significant changes to the legislation.
Category: Compliance & Regulation
AFA Takes FoFA Fight to Independents
March 14, 2012 – 12:23 pm
The Association of Financial Advisers (AFA) is continuing its efforts to sway the opinion of Independent MPs on advice reforms, with Asteron Life lending its support to this campaign.
Churning Unlikely to be Legislated
March 14, 2012 – 10:06 am
The issue of churning is likely to be managed through self-regulation, not legislation, according to a number of industry sources.
News in Brief
March 14, 2012 – 9:40 am
- AGI Product Review
- AMP Takeover of Futuro
- PJC Review of MySuper Extended
Risk Commissions - Best Interest and Conflict of Interest
March 13, 2012 – 8:35 pm
Our latest poll is based around the recommendation that ASIC should conduct a shadow shopping survey, post the implementation of the Future of Financial Advice (FoFA) reforms, to monitor whether conflicted advice on risk insurance outside superannuation will be delivered to consumers.
FoFA Fight Far From Over - FPA
March 9, 2012 – 7:39 pm
The Financial Planning Association (FPA) has told its members that the fight is far from over in relation to the Future of Financial Advice (FoFA) reforms.
Risk Adviser Banned
March 7, 2012 – 10:45 am
A Sydney-based risk adviser has been permanently banned from providing financial services as a result of falsifying more than 60 life insurance policies.
FoFA Debate to Return to Parliament in Next Fortnight
March 7, 2012 – 6:26 am
A Parliamentary debate on the Future of Financial Advice (FoFA) Bills is expected in the next fortnight, according to Shadow Superannuation and Financial Services Minister, Mathias Cormann.
News in Brief
March 7, 2012 – 6:22 am
- Financial Communication Can Change Lives
- AXA Wins Customer Service Award
- Code of Conduct for British Insurers
Securitor Launches Accountants Advice Solution
March 6, 2012 – 5:38 pm
Securitor has launched an initiative to assist accountants to provide financial advice to their clients once the accountants’ exemption is removed.
