financial planning

Features

When the going gets tough, advisers get going

Anastasia Santoreneos writes that while FASEA and the Royal Commission have got advisers down in the short term, they are feeling positive about the future of the industr...

Editorial

AMP must move honourably beyond BOLR deals

AMP Limited’s sale of its insurance business will help it cut loose some uncomfortable legacy issues, but it remains to face into the substantial challenges associated wi...

Financial planning

FPA makes formal bid to be code-monitoring body

The Financial Planning Association has established a new legal entity in preparation to become a code-monitoring body under the Financial Adviser Standards and Ethics Aut...

Financial planning

Suspicions led to suspension of AMP Financial Planner ‘Chatter’

The depth of suspicion existing between some AMP planners and AMP Limited has been underlined by a decision to suspend a planners “Chatter Group” over suspicions member c...

Financial planning

IOOF offers ‘Adviser Recognition Program’

IOOF has sought to ensure the retention of newly-acquired ANZ aligned advisers by offering participation in an ‘Adviser Recognition Program’ with vesting heavily reliant ...

Financial planning

NAB posts solid result despite remediation costs

National Australia Bank has reported a solid full-year profit despite remediation costs and its time-table to exit MLC....

Financial planning

Dishonest adviser sent to prison

Dishonestly using his position to gain benefits in the amount of $800,000 has seen a former Gold Coast financial adviser sentenced to two-and-a-half years in prison by th...

Policy & Regulation

ANZ profit takes hit as it moves beyond wealth

ANZ’s full-year cash profit has taken a hit as it seeks to move beyond wealth remediation and costs associated with the Royal Commission....

Financial planning

AMP advisers feel caught in BOLR pincer

AMP Limited has confirmed applying compliance criteria to buyer of last resort arrangements for planners looking to exit the company and the industry....

Financial planning

Academic attacks use of two-week planners

A financial services academic has attacked the use by consultants of ‘two-week planners’ to undertake remediation work....

Policy & Regulation

Planner warns on franking credits policy fallout

A senior South Australian financial planner has warned a Parliamentary Committee that middle-class retirees will be most affected by the Federal Opposition’s franking cre...

Financial planning

Planners seeking to move beyond FASEA

Many financial planning practice owners are seeking to move ahead of knowing the final shape of the new Financial Adviser Standards and Ethics Authority regime, according...

Financial planning

AMP sells wealth protection to Resolution Life

AMP Limited has taken a major step in selling down its life businesses in transactions which will translate to $3.45 billion....

Financial planning

RC hits financial services job opportunities

The Royal Commission saw employment prospects in banking and insurance plummet more than any other sector for the September quarter, according to the Sunsuper Australian ...