financial advice

Financial planning

Advisers can deepen client relationships with model portfolios

Advisers can use model portfolios to free up time to build and maintain relationships with clients, according to State Street Global Advisors....

Financial planning

Advice by super funds 'generally appropriate'

The quality of advice provided by retail funds and industry funds have been found to be similar, according to the Australian Securities and Investments Commission....

Policy & Regulation

Advice remediation still dragging on Westpac

Westpac has announced another $341 million in provisioning for customer remediation programs....

Policy & Regulation

Planners are over-burdened and over-regulated

Seven different regulators combined with three different complaints and disciplinary bodies mean that financial planners have been left sinking in a regulatory swamp....

Financial planning

ASIC looks at reasonableness of super advice fees

The question of whether the advice fees deducted by superannuation funds are reasonable and fair is being examined by the Australian Securities and Investments Commission...

Financial planning

Clients still struggling to understand value of advice

New research has confirmed that clients are more aware of advice but are still struggling to understand the value it delivers....

Financial planning

AMP’s Wade: Digital is critical

‘Digital is critical’ for the next generation of financial advice, according to AMP chief executive for Australian wealth management Alex Wade. ...

Financial planning

SMSF advice beyond scope of TPB review

Providing advice with respect to Self-Managed Superannuation Funds is complex and something deserving deeper analysis than the current review of the Tax Practitioners Boa...

Financial planning

Advice businesses who went down owing AFCA

Many of the financial advice businesses named by the Australian Financial Complaints Authority as having failed to pay complaint-related charges are already out of busine...

Financial planning

Aust Unity posts better bottom line despite adviser exits

Australian Unity has posted a better advice revenue bottom line despite reducing its number of advisers and installing a new leadership team....

Financial planning

MLC Wealth confirms advice business changes

MLC Wealth has confirmed changes to its advice business as part of the firm’s separation from NAB Group. ...

Financial planning

Let us give ‘incidental advice’ say accountants

Major accounting body, Chartered Accountants ANZ has argued for accountants to be given the right to give ‘incidental advice’ under a carve-out from the financial advice ...

People & Products

Financial planner makes latest acquisition

Financial planning firm Eureka Whittaker Macnaught has acquired Parramatta-based financial adviser Warren McHattan....

Life/Risk

Did the Govt fail to understand ‘risk-only’ super fund members?

Serious questions have been raised about whether the Government even understood the existence of hundreds of thousands of ‘risk-only’ superannuation fund members when it ...