The AFA welcomes the release of ASIC’s Regulatory Guidance

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The Association of Financial Advisers (AFA) welcomes the release of ASIC’s Regulatory Guidance on Codes of Conduct and the Opt-in Exemption.  “The guidance now allows the financial advice industry to

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ASIC releases guidance on code approval under FOFA

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ASIC will now consider applications for approval of Future of Financial Advice (FOFA) codes following the release of guidance. The guidance, in the form of an update to Regulatory Guide

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AFA consulting with advice profession to provide better outcomes

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The Association of Financial Advisers (AFA) has been working with key advice profession stakeholders to achieve a more workable approach to the new Future of Financial Advice (FoFA) Code of

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FoFA compliance listed as a main business challenge

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Recent research shows that FoFA compliance and cost of regulation are the main challenges for financial planners and financial planning businesses in the current environment. Over half of all financial

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Increased focus on efficiency likely to be real legacy from FOFA

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A survey of financial advisers (commissioned by Zurich Australia) has found the single biggest expected outcome – and most likely legacy of the upcoming FOFA reforms – is an increased

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ASIC releases guidance on FOFA fee disclosure

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ASIC has released guidance for Australian financial services (AFS) licensees and their representatives on how to comply with the fee disclosure statement (FDS) requirements under the Future of Financial Advice (FOFA)

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ASIC releases key FOFA guidance

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ASIC has released final guidance for two aspects of the Future of Financial Advice (FOFA) reforms – the best interests duty and scaled advice. The regulatory guides have been produced after

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A frank launch for The Fold website

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Can dealer groups retain volume bonuses under FOFA? Do you need to be a mind reader to figure out what ASIC wants in terms of Codes of Conduct? Can you

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ASIC consults on code approval under FOFA

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ASIC has released a consultation paper on its approach to code approval and relief powers under the Future of Financial Advice (FOFA) reforms. ASIC also confirmed that it will be

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ASIC consults on conflicted remuneration provisions

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As part of ASIC’s commitment to consulting on the Future of Financial Advice (FOFA) reforms, ASIC has released proposed guidance on the conflicted remuneration ban. Consultation Paper 189 Future of

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