The results of our latest poll indicate financial advisers continue to hold fundamental objections to the Government’s Future of Financial Advice (FoFA) reform agenda.
Category: Remuneration
FoFA - Content Versus Timing
January 25, 2012 – 10:45 am
As the Future of Financial Advice (FoFA) debate heats up with the PJC hearings in Sydney this week , we want to know where you stand today. Our latest poll question asks:
PJC Shows its Cards at Hearings
January 25, 2012 – 8:46 am
The ban on risk commissions for individually advised insurance inside super, and the provision of scaled advice appear to be two of the key areas of focus for the Parliamentary Joint Committee (PJC) inquiry into the Future of Financial Advice (FoFA) reforms.
Cost of Opt-in Still Looms Large for Advisers
January 17, 2012 – 7:48 pm
Advisers continue to hold concerns over the potential bottom line costs to their business that would be imposed by a client opt-in advice process.
Issues Impacting Advice Practice Profits
January 9, 2012 – 1:42 pm
As we look ahead to the issues that will impact the financial bottom line of advice practices this year, we are asking:
ASIC to Ease Compliance on FoFA Deadline
December 13, 2011 – 2:15 pm
The Australian Securities and Investments Commission (ASIC) has announced it plans to release regulatory guidance on the Future of Financial Advice (FoFA) reforms by 1 July 2012.
However, the regulator says that for the first 12 months of the implementation it will not look to strictly enforce the guidelines, providing the industry with ‘breathing room’ to introduce new processes and compliance regimes.
Group Risk Commissions Outside Super to Stay
December 6, 2011 – 4:56 pm
Financial Services Minister Bill Shorten has confirmed that group risk commissions outside superannuation will not be impacted by Future of Financial Advice (FoFA) reform measures.
Industry Says Elements of FoFA Unworkable
November 29, 2011 – 4:35 pm
A number of elements in the second Future of Financial Advice (FoFA) reform Bill introduced into Parliament last week have been rejected by the financial services industry.
PJC Extends FoFA Submission Deadline
November 29, 2011 – 3:13 pm
The Parliamentary Joint Committee on Corporations and Financial Services (PJC) has announced an extension on the due date for submissions relating to the Future of Financial Advice (FoFA) reforms legislation.
Door Open for Volume Bonuses to Continue - FoFA Tranche 2
November 24, 2011 – 10:34 am
Financial Services Minister, Bill Shorten, has left open the potential for advisers to continue to receive volume bonus payments under Future of Financial Advice (FoFA) reforms.
