financial advice

Financial planning

Industry Super Australia has told a key Parliamentary Committee that advisers can’t necessarily be trusted when it comes to giving advice around the selection of post-ret...

Financial planning

FASEA has failed say survey respondents

Financial adviser respondents to an ongoing Money Management survey say that while they back most of the objectives of the Financial Adviser Standards and Ethics Authorit...

Financial planning

FASEA exam acknowledged as a culling mechanism

The Association of Financial Advisers has acknowledged that the financial adviser exam will likely act as a culling mechanism for inadequate advisers but has urged that t...

Expert Analysis

Megatrends shaping the advice industry

Challenges such as fee pressure, regulation and increased competition are prompting advisers to rethink their service models, writes Arnie Selvarajah, CEO of Bell Direct....

Financial planning

Advised investors significantly better off than DIY cohort

Advised investors are more confident, and hold more robust portfolios than the do-it-yourself, non-advised cohort, according to new research by Legg Mason....

Financial planning

Are adviser soft skills as important as academic qualifications?

New research has suggested that when it comes to keeping clients happy, adviser soft skills are every bit as important as possession of a university degree for financial ...

Superannuation

Get general advice out of super say survey respondents

A new survey has revealed strong support for removing bank-provided “general” advice from the superannuation equation....

Financial planning

Future bright for established planners says white paper

Established and well-respected advice firms have little to fear from the Royal Commission, according to a new white paper from ClearView....

Financial planning

Aussies wanting to balance life and finances need an adviser

Almost all Australians balancing family responsibilities and financial wellbeing believe they’re better off because of financial advice, according to a new Perpetual stud...

Financial planning

I wish we had acted sooner says NAB chairman

The chairman of National Australia Bank, Ken Henry has told the Royal Commission he wishes the board had acted more promptly in dealing with a customer remediation proces...

Financial planning

NAB insists fees for no service a “process issue”

NAB chief executive, Andrew Thorburn, has defended some fees for no service charged by the bank as a “process issue” rather than dishonesty, as he came under fire at the ...

Policy & Regulation

Advisers must remember to register before FASEA takes effect

Authorised advisers need to make sure they’re on ASIC’s Financial Advisers Register by the end of the year, before new professional standards take effect, or risk being t...

Superannuation

Removal of volume-based adviser fees will test super funds

New analysis from Rice Warner has suggested that the removal of volume-based adviser fees would challenge superannuation just as much as it would challenge planning firms...