financial advice

Financial planning

New legal advice obtained by ISA states planners will be able to satisfy the best interests duty without actually acting in the best interests of the client. ...

Financial planning

Commbank CEO dismisses planning culture problems

The head of the Commonwealth Bank has denied poor organisational culture is to blame for the events that led to a number of its planners being banned by the industry’s re...

Life/Risk

Super-based life insurance leading to false sense of security

Superannuation-based life insurance creating false sense of security and incorrect insurance cover....

Superannuation

MLC calls on women to focus on super

MLC uses the lead-up to the International Women’s Day to encourage women to seek advice about super....

Superannuation

CSSA calls for intra-fund fee transparency

The intra-fund advice fee is unknown to fund members and is effectively paid as a secret commission, CSSA says....

Policy & Regulation

FOFA regulatory changes nearly ready

The Assistant Treasurer, Senator Arthur Sinodinos, says the regulatory changes to FOFA will be ready by the end of this month....

Financial planning

Admin burden costing advisers thousands

Administration and compliance is costing advisers more than $15,000 a year in lost revenue, according to a CoreData report....

Financial planning

Same sex couples urged to seek advice

Centric points to need for advice for same sex couples. ...

Policy & Regulation

Planners unlikely to face legal action over FOFA amendment-related advice

Financial planners unlikely to face legal action on FOFA amendment-related advice, with courts recognising FOFA uncertainty....

Policy & Regulation

ASIC seeks to side-step FOFA controversy

ASIC has sidestepped claims that FOFA amendments were a negative step and its enforcement approach allowed advisers a free hand....

Financial planning

AIA Australia launches new adviser pay model

AIA Australia has released a new commission payment model for advisers, which it says could almost double the value of advisers’ business over 10 years....

Financial planning

Advice most valued, but not used

Despite financial planning being the most valued service offered by a super fund, only a small percentage of members use it....

Editorial

OneVue to purchase Map Funds Management

Pre-listing purchase set to boost scale and offering of superannuation services for OneVue. ...

Editorial

Record growth for Aus Unity FS business

Australian Unity’s financial services business defied sluggish growth trends across the rest of the group to lift its FUM by a record $3.2 billion in the half year to Dec...