FoFA: It’s make or break time says AFA

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The Association of Financial Advisers (AFA) has sent a letter outlining its five major concerns relating to the proposed Future of Financial Advice (FOFA) legislation to the Independents, relevant frontbenchers... Read more continue reading

ASX: February ETF report

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ETF trading acivity increased during the month by 10.8% whilst ETC trading activity decreased 8.7% as compared to the corresponding period in 2011. No new ETFs were quoted. With the... Read more continue reading

Parliamentary Joint Committee’s report on FoFA reforms

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Responding to the Parliamentary Joint Committee’s report on the Future of Financial Advice (FoFA) reforms, the Financial Services Council said it was disappointed at the Committee’s unwillingness to accept industry... Read more continue reading

PJC report on reforms to financial advice

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Responding to the Parliamentary Joint Committee’s report on the Future of Financial Advice (FoFA) reforms, the Financial Services Council said it was disappointed at the Committee’s unwillingness to accept industry... Read more continue reading

Implementation of reforms need to be in the best interest of the consumer, says FPA

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At the Senate Economics Committee Hearing yesterday, the Financial Planning Association (FPA) announced that they would support a one year transition and implementation timeframe of the FoFA reforms. At the hearing,... Read more continue reading

More Australians should have the opportunity to self-fund their retirement, says the FPA

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Following the Government’s Tax Forum in October last year, the Financial Planning Association (FPA) will again be the only voice representing the financial planning profession at tomorrow’s first sitting of... Read more continue reading

ASIC releases policy on enforcement and investigations

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ASIC has released policy documents discussing how it undertakes investigations and enforcement activity. The policy documents are: Information Sheet 151: ASIC’s approach to enforcement (INFO 151). This discusses how ASIC... Read more continue reading

AFA Foundation supports victims of Christchurch earthquakes

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The AFA Foundation presented a $A10, 000 donation to the New Zealand (NZ) Consul General, Martin Welsh, for the NZ Prime Minister’s Christchurch Earthquake Appeal at the AFA’s Sydney GenXt... Read more continue reading

Investment manager regime removes major export barrier

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Martin Codina, Director of Policy at the Financial Services Council, commended the Federal Government’s announcement that it was introducing an Investment Manager Regime. “It is difficult to overstate the significance of... Read more continue reading

ASIC releases third market supervision report

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ASIC has issued its third report on the supervision of Australian financial markets and market participants. Report 277 ASIC supervision of markets and participants: July to December 2011 (REP 277) identified... Read more continue reading