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Financial planning

26 Mar

Slow credit growth the new normal

Slow credit growth is the new normal and Australian lenders will need to adjust their profit expectations accordingly, according to a comparison website RateCity....

Policy & Regulation

23 Mar

AFA ready with 'principles of practice'

The FPA's code of conduct will not be the only approach considered by ASIC, with the Association of Financial Advisers's principles of practice also ready for implementat...

Policy & Regulation

23 Mar

Divided industry in wake of FOFA bills

Strongly divergent views have emerged from Australia's major financial planning organisations in the wake of the FOFA bills, while the Opposition has made a policy commit...

Policy & Regulation

23 Mar

ANZ still preparing for opt-in

Following Minister for Financial Services and Superannuation Bill Shorten's announcement regarding a watering-down of opt-in requirements yesterday, ANZ was still prepari...

Life/Risk

23 Mar

Financial Services Council to develop policy on churning

The Financial Services Council has announced it will consult with the industry on a policy to address the practice of churning in life insurance....

Superannuation

23 Mar

Industry super fund complaints up, retail down

Written complaints to the Superannuation Complaints Tribunal about industry funds increased by 25 per cent last year, while complaints about retail funds decreased slight...

Financial planning

23 Mar

We're not Commonwealth Bank captives - Count Financial chief

Count Financial chief executive David Lane has strongly denied the dealer group has become a captive of the Commonwealth Bank's size and product set....

Financial planning

23 Mar

Australian bonuses drop

A new survey has revealed a third of Australian finance professionals received a reduced bonus payment in 2011, though satisfaction levels were the highest in Asia Pacifi...

Financial planning

23 Mar

High frequency trading needs further explanation

van Eyk chief researcher John O'Brien said high frequency trading is one of three "black holes" in the finance industry and needs further clarification....