Articles tagged with 'Storm-Financial'

Storm Financial/CBA resolution scheme questioned

4 March 2010 | Law firm Levitt Robinson argues the compensation arrangements being negotiated between former Storm Financial clients and the Commonwealth Bank of Australia will not achieve full compensation for clients.


Money Management 4minutes

3 March 2010 | The only dedicated multimedia news bulletin for the financial advice industry. 7 days of news in under 4 minutes. Proudly sponsored by Securitor.


Buyer beware: margin lending is back in vogue

22 February 2010 | Bernie Ripoll warns about the return of margin lending into the financial sector, and the dangers the practice poses for unwary investors.


Heart of industry problems remain overlooked

11 February 2010 | Lobby groups have oversimplified the financial services debate, leaving the roots of the industry’s problems unexposed, argues the executive manager of Guardian Financial Planning Steve Browning.


Explain financial planning to politicians: Chikarovski

11 February 2010 | Financial planners would be well advised to meet with their local MP and explain to them the value of the industry, according to former NSW Opposition Leader Kerry Chikarovski.


Ripoll slams margin loan 'spruikers'

10 February 2010 | PJC chair warns the rising number of margin lending clients should "be of concern to banks and regulators", while slamming spruikers who target the vulnerable.


Regulation looms large after PJC

8 February 2010 | Mark Halsey takes a look at recommendation two of the PJC inquiry into financial products and services and its potential implications for the industry.


Financial Index acquires Nevett Ford

2 February 2010 | Financial Index Australia has acquired 50 per cent of Ballarat-based financial planning practice Nevett Ford Financial Services, with an agreement to acquire the remaining 50 per cent over the next three years.


The ripple effect of Ripoll

1 February 2010 | Bryan Ashenden takes a look at the far-reaching impact the recommendations of the Ripoll inquiry could have on the industry.


Remarkable benefits of being unremarkable

25 January 2010 | While there will be plenty of discussion around policy issues this year, the realities of the political cycle mean it will be well into 2011 before financial planners can expect to see any actual change.


The top 5: Bad apples

21 December 2009 | As 2009 comes to a close, Money Management looks back at the individuals and events that generated controversy.


Planners finish '09 on own terms

21 December 2009 | The Australian financial planning industry has finished 2009 having successfully surmounted a number of its greatest challenges, writes Mike Taylor.


Regulation: Turning a corner?

09:00 AM | While much remains unresolved about future government policy and the ultimate shape of financial planning regulation, a good deal is already obvious. Change is inevitable.


You can't regulate against greed

09:00 AM | When the Parliamentary Joint Committee on Corporations and Financial Services handed down its recent report into Financial Products and Services in Australia, it was predictably lamenting how 'mum and dad' investors lacked the educational skills to critically analyse retail investment products. But is education the answer?


The year in review: The steady road forward

09:00 AM | With the industry coming to the end of a particularly challenging period, financial planners have good reason to be optimistic, writes Jo-Anne Bloch.


The year in review: Crystal-ball gazing

09:00 AM | In the wake of a challenging year, a number of major hurdles lie ahead for financial planners, writes Richard Klipin.


The year in review: The industry's coming of age

09:00 AM | It's time for the industry to evolve into a profession – and this involves more than simply removing commissions, writes Barry Lambert.


Nurturing a financial recovery

7 December 2009 | As the fragile world economy begins to show signs of recovery, Ray Griffin explains how to work with skittish clients.


FPA unveils anonymous misconduct reporting system

20 November 2009 | The Financial Planning Association has announced the implementation of FPA Confidential, an online anonymous reporting system, in its effort to tackle misconduct in the industry.


Concerns about commissions justified: Bowen

19 November 2009 | The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen, said any future regulatory change will be guided by the need to provide high quality financial advice to as many Australians as possible without distortions to remuneration.


Industry funds ramp up planning campaign

18 November 2009 | The Industry Super Network has combined with Choice, ACOSS and the ACTU to place pressure on the Ripoll inquiry just days before it is due to report.


Storm Financial founders experience memory loss in court

5 November 2009 | Storm Financial co-founders Emmanuel and Julie Cassimatis seemed to be suffering from a bout of absent mindedness in the final days of hearings into the company's collapse.


CBA's $800 million software switch

30 October 2009 | The Commonwealth Bank of Australia is in the process of implementing a new $800 million software system it hopes will allow it to more easily identify problems such as Storm Financial in its customer base.


CBA to go direct on margin calls

29 October 2009 | The Commonwealth Bank has changed its process for notifying clients of margin calls in response to the Storm Financial debacle, despite acknowledging the intermediary model has worked well across the remainder of its 7,000 financial planning relationships in that area.


Money Management 4minutes

21 October 2009 | Stay in touch with the issues affecting your industry with Money Management's video news burst. 7 days of news in under 4 minutes. Proudly sponsored by Securitor.


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1MMFPAAFAmerger Do you support a merger of the Financial Planning Association and the Association of Financial Advisers?
 
51%
 
4%
 
44%

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