Grandfathering deal removes legislative handcuffs from advisers

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Synchron Director, Don Trapnell is calling the deal struck by the Government and Opposition last week, which will deliver relief on the Grandfathering provisions of the Future of Financial Advice

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Government to re-instate elements of FOFA reforms

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The Financial Planning Association of Australia (FPA) welcomes yesterday’s announcement that the Government and the Opposition have agreed to re-instate some elements of the FoFA reforms. In particular, the FPA is

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Disallowance of FoFa amendments handcuffs advisers

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Hotel California-type legislation around Grandfathering, reinstated by the disallowance of the Future of Financial Advice (FoFA) Amendments this week, means advisers are now shackled to their existing licensees, according to

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AFA responds to FoFA Disallowance Motion

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The Association of Financial Advisers (AFA) has issued a statement following the Future of Financial Advice (FoFA) disallowance motion announced in the Senate yesterday: “We are disappointed at the actions

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AFA Rejects ISA Commission Claims

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The Association of Financial Advisers (AFA) has expressed dismay at the latest claims made by Industry Super Australia (ISA) in its Commissions by Another Name report (the ISA Report) on

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AFA confirms views on FoFA Amendments

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The Association of Financial Advisers (AFA) yesterday presented to the Senate Economics Legislation Committee on the FoFA Amendments and expressed the need for the Amendments to be supported. Attended by

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National Roadshows answer the big questions on TASA and FoFA as July 1 date looms

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Australia’s professional financial planners remain vigilant to key legislative changes, seeking to clarify the full requirements of both the Future of Financial Advice (FoFA) and Tax Agents Services Act (TASA).

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FoFA reform pause a surprise for many – Government and industry must get it right

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Connect Financial Service Brokers (Connect) CEO Paul Tynan added this voice to the many that responded to the news that the Federal Government had decided to ‘pause’ the FoFA amendment

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FoFA regulatory freeze welcomed by advice profession

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Financial Planning Association of Australia (FPA) Chief Executive Mark Rantall says the ‘good faith’ decision to place on hold the introduction of regulatory amendments to FoFA legislation is a welcome

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Pause to FoFA changes prudent and sensible

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The Financial Services Council said the government’s decision to pause changes to the Future of Financial Advice (FoFA) regulations is prudent and sensible. John Brogden, CEO of the Financial Services

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