Showing Tag: "fofa" (Show all posts)

Why we're raving about FOFA

Posted by Naomi Rosenthal on Friday, November 28, 2014, In : Financial Planning

Why we’re raving about FOFA

Last week, the senate disallowed amendments to the Future of Financial Advice Legislation. This week, some of the amendments are being reinstated.

When the former Labor Government originally introduced the FOFA Legislation, its original intent was designed to "ensure more Australians have access to high quality and affordable advice."

Let's address a few of the contentious rules, why we’re raving about them and what we're doing to ensure our clients are best place...

Update for Tudor Investassure

Posted by Naomi Rosenthal on Thursday, June 27, 2013, In : Financial Planning

It is a new era in financial services and I’m excited to share with you some of the things we’ve done over the last 12 months to prepare us for the road ahead.

Mid last year, Naomi purchased the business from Michael and the succession plan, which has been in the making for the last 8 years, has finally come to fruition! Michael is still very much involved in the business and continues to advise his clients as an Authorised Representative. We’re pleased to have him stay on as his years...

Opt In is Poor Policy

Posted by Naomi Rosenthal on Thursday, September 22, 2011, In : General

The financial services industry seems to be subjected to reforms every time there is a recession, as though the bad apples will be thrown out of the box with every new piece of legislation.
The Assistant Treasurer and Minister for Financial Services and Superannuation Bill Shorten said, "It is a concern that only one in five Australians access financial advice. These reforms will also remove the red tape that has prevented low-cost, good quality advice being delivered to millions of Australian...
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Future of Financial Advice or its destruction?

Posted by Naomi Rosenthal on Thursday, April 28, 2011, In : General

I'd like to really tell you what the 'F' stands for in FOFA (Future of Financial Advice) reforms. But that's not professional. It's taken a year of debate around reforms intended to "ensure more Australians have access to high quality and affordable advice", yet the latest round of adjustments seem to move further away from the commendable original intent.
AFA CEO, Richard Klipin said, “the FOFA rhetoric has not been matched with strategy and consumers have been hung out to dry.”
How so? I...
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