News

ASIC to seek commercial resolution on Storm

09:55 AM | ASIC has entered the second phase of its Storm Financial investigation during which it will seek commercial resolution before deciding on litigation.


AIOFP members head to Vietnam

09:50 AM | One hundred members of the Association of Independently-Owned Financial Planners will be in Vietnam this weekend for the association's two-day annual conference. 5 comments


ING wants to be rid of legacy life issues

09:45 AM | ING urges extension of CGT rollover relief to help get rid of legacy life issues.


FPA to release tools for transition to fee-based model

09:40 AM | The FPA is set to release a set of guidelines and tools to help members through the transition to a fee-based model.


AMP Horizons keen to attract more female planners

09:35 AM | AMP Horizons is looking to attract more women through a networking and information session aimed at those keen to enter the profession or start up their own practice.


Men doubly affected by unemployment

09:30 AM | The latest Australian Unity Wellbeing Index revealed that a man's wellbeing is doubly affected by unemployment.


Time for small advice firms to knuckle down

09:25 AM | Small advice firms have been warned they need to get a better handle on the impact regulatory changes can have on their profit margins and cash flow.


APRA seeks to broaden regulatory powers over conglomerates

09:20 AM | APRA has released a discussion paper that seeks to dramatically broaden its supervisory mandate to cover diverse financial conglomerates, which it considers are currently not adequately supervised.


Cbus and CONNECT to merge

09:15 AM | Industry superannuation funds Cbus and CONNECT have announced a landmark in-principle agreement to merge.


ISN appoints McIvor

09:10 AM | ISN has appointed Alison McIvor to the roles of deputy chief executive and chief operations officer.


Odds on for economic recovery

18 March 2010 | Vanguard's US-based chief economist Joe Davis said there is an 80 per cent chance the global economy will achieve a self-sustaining recovery in the wake of the global financial crisis.


Frustration for Genesys Wealth Advisers

18 March 2010 | Advisers at Genesys Wealth have expressed their frustration over a perceived lack of support from the AXA-owned dealer group.


ISN attacks FPA insurance commissions stance

18 March 2010 | ISN's David Whiteley argues the FPA's stance on insurance commissions is proof that the industry can’t self-regulate, with commissions leading to unnecessarily inflated insurance amounts and consumers better placed to receive cover from industry funds. 17 comments


New head for Macquarie Private Wealth

18 March 2010 | Macquarie has appointed Eric Schimpf as the new head of Macquarie Private Wealth, replacing Peter Coleman who left last year.


Measured penalties urged for SMSFs

18 March 2010 | Tax Institute warns against imposing penalties on SMSFs that are so high they wipe out balances.


Push to lift research house accountability

18 March 2010 | Investment research houses play a significant role in influencing the investment decisions of financial advisers, but are they held accountable for their recommendations? 1 comment


FLAG adviser banned for five years

18 March 2010 | Fleetwood Advisory Group director Steven Fleetwood has been banned from providing financial services for five years by ASIC following an investigation into his professional activities between 1998 and 2008.


ATO proposes end to Commissioner's unlimited amendment powers

18 March 2010 | The ATO is considering changes to income tax laws that currently provide the Commissioner of Taxation with an unlimited period to make an amendment to a taxpayer's assessment.


BTIM exclusivity agreement with BTFG removed

18 March 2010 | The master relationship agreement between BT Investment Management and BT Financial Group has been extended to March 2015, although the investment manager’s exclusivity rights have been removed.


Van Eyk travelling well after crisis

18 March 2010 | Van Eyk Research has emerged well from the GFC and is in good shape financially, according to managing director Mark Thomas.


Economists debate bulls vs. bears at van Eyk

18 March 2010 | Two economists have presented contrasting economic outlooks for 2010 at the seventh annual van Eyk conference in Sydney, predicting either a bullish recovery or a bearish slump for Australia.


ASFA provides more reasons for SG increase

17 March 2010 | ASFA has pointed to the additional $10 billion a year being paid into superannuation accounts - on top of the 9 per cent super guarantee - as evidence that workers are prepared to accept an increase in the super guarantee. 1 comment


Govt to address unfair terms in insurance contracts

17 March 2010 | The Government is seeking comment on an options paper it released today to address unfair terms included in insurance contracts.


FPA positions on insurance commissions

17 March 2010 | The FPA Board has re-stated its belief that commission payments to advisers on the sale of insurance products should continue, saying a shift to fee-for-service in this area would make insurance unaffordable for consumers. 4 comments


Government mulls contribution caps changes

17 March 2010 | The Federal Government is considering introducing changes to its superannuation contributions cap regime to eliminate perceived discrimination against women and some part-time workers.


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