Consumers left exposed by FoFA’s rolling start

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Consumers may be left without the protection of the law as a result of the Government’s Future of Financial Advice (FoFA) Commencement Date amendment, according to the Association of Financial... Read more continue reading

Questions left unanswered as FoFA passes through the Senate

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While the Future of Financial Advice (FoFA) legislation has now passed through the Senate, the Association of Financial Advisers (AFA) is concerned that key questions have been left unanswered. “What... Read more continue reading

FoFA passes through Senate

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The Financial Planning Association (FPA) welcomes the clarity provided through the passing of the Future of Financial Advice (FoFA) reforms by the Senate today. Effective as law from 01 July... Read more continue reading

ASIC: Shorter PDS regime guidance and relief

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ASIC has issued guidance to assist issuers of superannuation products and simple managed investment schemes comply with the shorter product disclosure statement (PDS) regime. The shorter PDS regime commences fully... Read more continue reading

Applying for an Australian financial services licence made easier

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Applying for an Australian financial services (AFS) licence will be more efficient and involve less paperwork following changes announced by ASIC. Revisions to ASIC’s regulatory guidance for AFS licence applicants... Read more continue reading

AFA: Vale Michael Murphy

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The Association of Financial Advisers (AFA) is saddened by the loss of Former AFA President and former South Australian State Director, Michael Murphy, who died at the age of 66,... Read more continue reading

Nominations now open for 2012 AFA Adviser of the Year Award

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Nominations for the 10th AFA Adviser of the Year Award opened on June 1. In announcing the launch of the 2012 award, Colin Morgan, CEO of Zurich’s  Life and Investments... Read more continue reading

APRA releases quarterly superannuation statistics for March 2012

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The Australian Prudential Regulation Authority (APRA) today released its March 2012 Quarterly Superannuation Performance publication. Total estimated assets, which include the assets of self-managed superannuation funds and the balance of... Read more continue reading

ASIC provides update on Trio

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ASIC has provided an update on the work relating to the collapse of Trio Capital. Enforcement ASIC has taken enforcement action on Trio against a range of gatekeepers. This includes directors... Read more continue reading

AFA: Cracking the Code of Consumer Confidence

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As the industry moves towards an era of greater professionalism, robust Codes of Ethics and higher educational standards are only the beginning, according to the Association of Financial Advisers (AFA).... Read more continue reading