Latest Financial Planning & Services News from Money Management

Guides

UniSuper members were demanding more face-to-face advice despite the rise of robo-advice, with initial appointments growing by over 20 per cent.

Money Management Original

ASIC brackets intra-fund advice with scaled and personal advice

The Australian Securities and Investments Commission has framed intra-fund advice in the same context as scaled

12 August

The Commonwealth Bank has posted a record $9.2 billion profit but its wealth businesses have turned in mixed results with funds management up but life insurance down.

Industry news

CBA posts solid result citing exit from wealth

Substantially exiting its wealth management businesses has helped the Commonwealth Bank post a solid result

12 August

The AFA has voiced concerns ASIC’s industry funding model would pass costs aimed to remediate poor advisers on to all advisers.

Industry news

Over 75% of advisers lowering costs to compete with robo-advice

Australia’s wealth managers are lowering costs to compete with robo-advisers, according to research from

12 August

CFS platforms have exceeded $535 million thanks to advisers driving annuities to meet complex retirement needs while maintaining admin efficiencies.

Industry news

Challenger hit by annuity decline

Challenger has reported a $0.9 billion decline in annuity sales as a result of the restructure of the bank-aligned

11 August

Money Management Original

ASIC hires experts to help solve advice crisis

The Australian Securities and Investments Commission has hired expert advisers to help solve the problems of

11 August

Practice certificates for planners urged

Industry news

Shadforth receives international fiduciary certification

Shadforth Financial Group has been awarded the international fiduciary certification by the Centre for Fiduciary

11 August

Money Management Original

CBA, Westpac and AMP facing new FoFA-related class actions

Breaches of the Future of Financial Advice rules will sit at the centre of class actions being formulated against

10 August

Industry news

Investment clock ‘ticks’ past property

The investment clock has ‘ticked’ past property as an asset class, making it the time to invest in that sector,

10 August

Industry news

PIFA helps advisers avoid conflict of interests

The Profession of Independent Financial Advisers has created a decision tree to help advisers understand the

10 August

Money Management Original

Planners take up 1.6% of AFCA complaints

There were 1,332 complaints out of 84,500 against planners in the last financial year which the Australian

7 August

Money Management Original

With the exit of Wade, De Ferrari has lost one of his own

With a mutual history within Credit Suisse, the exit of Alex Wade has seen AMP chief executive, Francesco De

7 August

Industry news

FASEA approves UNSW degree

The Graduate Diploma of Financial Planning, as well as two bridging courses, have been approved by FASEA.

7 August

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It is time for an ADVISER REVOLT.
We band together and simply refuse to pay ASIC fees for...

ASIC hires experts to help solve advice crisis10 hours 57 min ago

Slippery Slope in

I will add my 2c worth...if all that ends up being recommended out of this is further carve outs...

ASIC hires experts to help solve advice crisis11 hours 51 min ago

anonymous

I am clenching my butt thinking this is report is going to pierce me

ASIC hires experts to help solve advice crisis12 hours 3 min ago

Financial planning

Guides

ASIC brackets intra-fund advice with scaled and personal advice

CBA posts solid result citing exit from wealth

Over 75% of advisers lowering costs to compete with robo-advice

Challenger hit by annuity decline

ASIC hires experts to help solve advice crisis

Shadforth receives international fiduciary certification

CBA, Westpac and AMP facing new FoFA-related class actions

Investment clock ‘ticks’ past property

PIFA helps advisers avoid conflict of interests

Planners take up 1.6% of AFCA complaints

With the exit of Wade, De Ferrari has lost one of his own

FASEA approves UNSW degree

AP

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anonymous

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