Tags

Archive

Latest comments

  •  

SPAA submits final response to Tranche 1 of FOFA

By CEO 19 Sep 2011 0

SPAA is today submitting to Treasury its final response to Tranche 1 of the FOFA reforms. Tranche 1 focuses on three particular areas:

  1. A best interests obligation for financial advisers
  2. Opt-in, which requires providers of financial advice to obtain client agreement to ongoing advice fees
  3. Changes to the licencing and banning powers of ASIC

These reforms commence on 1 July 2012.

Tags :

Comments

Leave a comment

Make sure you enter the * required information where indicated. Please also rate the article as it will help us decide future content and posts. Comments are moderated – and rel="nofollow" is in use. Please no link dropping, no keywords or domains as names; do not spam, and do not advertise!