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Financial planning

The Government has rejected a Royal Commission into Commonwealth FP claiming the bank’s Open Advice Review Program should be allowed to work....

Financial planning

West Australia’s WA Super says it is now able to accept trans-Tasman tranfers from KiwiSaver accounts....

Financial planning

ASIC warns that commissions may continue to exist within MIS arrangements despite the FOFA changes....

Financial planning

BT Financial Group has opened the way for clients to not only rate their planners but post comments on how they performed....

Financial planning

Lawyers call for limit to FOS’ monetary jurisdiction which exceeds that of many courts....

Superannuation

The Royal Commission into Trade Union Governance and Corruption as specifically referenced union links to super funds as being a factor in its initial report....

Financial planning

Industry funds are as vertically integrated as anyone else and are guilty of hypocrisy when criticising such structures, according to Fiducian platform head, Patrick Jack...

Financial planning

NAB has paid $10,200 in fines after ASIC found the bank made misleading statements in its annuity term deposit PDS....

Financial planning

AMP chief executive, Craig Meller says self-interested parties are seeking to dumb down advice to just product selection....

Life/Risk

Some major insurers have been guilty of subjecting policy-holders to undue stress at claims time, according to Money Management columnist, Col Fullagar....

Financial planning

Fear is stopping financial planning organisations from notifying the corporate regulator of breaches in their business rather than poor culture, The Fold said....

Financial planning

ASIC has flagged a crack-down on breach reporting with particular emphasis on high risk licensees with poor cultures....

Financial planning

ASIC acknowledges that vertical integration gives rise to conflicts of interest but acknoweldges that scale has benefits....

Financial planning

ASIC tells of man banned as a planner but still operating as an accountant and providing tax advice....

Financial planning

ASIC chairman, Greg Medcraft, confirms planners and SMSFs are on ASIC’s radar over the next 12 months....

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