Future of Financial Advice

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On 29 August 2011, the Government released the first tranche of draft legislation implementing these reforms entitled Corporations Amendment (Future of Financial Advice) Bill 2011.  The first tranche covered statutory

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AFA: Key pieces of FoFA puzzle still missing

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The second tranche of the Future of Financial Advice (FoFA) reforms released yesterday contain significant reforms that, together with the first tranche and StrongerSuper reforms, will change the landscape for

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FPA responds to latest FOFA announcements

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The Financial Planning Association (FPA) says the release of the second tranche of the Future of Financial Advice (FoFA) gives certainty to the financial planning profession to begin preparing for

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Rice Warner clarifies cost of opt-in calculation

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Rice Warner has submitted a letter to Minister Bill Shorten, Minister Financial Services & Superannuation, to clarify the analysis of its costs of ‘opt-in’ and to emphasise they are not onerous

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Will FoFA sound the death knell for independent advice?

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The uncertainty created by the draft Future of Financial Advice (FoFA) reforms will continue to shake out the market as businesses jockey for market position, according to the Association of

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SPAA mostly pleased with FoFA revisions

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SPAA welcomes a number of positive revisions to the Future of Financial Advice reforms but waits for critical decisions on accountants’ exemption and intra fund & scaled advice. The Self

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AFA: FoFA fails consumers

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The Government’s first tranche of draft legislation of the Future of Financial Advice (FoFA) reforms, released for public consultation this morning, fails Australian consumers and is clearly biased towards some

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FPA vindicates key role in negotiating FoFA reforms

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The Financial Planning Association (FPA) welcomes further clarity on the Future of Financial Advice (FoFA) reforms released today, but continues to reject the Opt-In in proposal as a cumbersome and

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FoFA draft legislation in full

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The Assistant Treasurer and Minister for Financial Services and Superannuation, Bill Shorten, today released the first tranche of draft legislation of the Future of Financial Advice (FOFA) reforms for public

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FPA calls on Government to scrap opt-in

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The Financial Planning Association (FPA) has again called on the Federal Government to reconsider its position on a two year opt-in as proposed in the Future of Financial Advice (FoFA)

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