financial services reform

Financial planning

The Financial Planning Association (FPA) has slammed a recommendation by the Federal Joint Parliamentary Committee on Corporations and Financial Services that may allow a...

Financial planning

ASIC releases disclosure and conduct guidelines

The Australian Securities and Investments Commission (ASIC) has released details of how it will administer conduct and disclosure requirements for financial planners unde...

Financial planning

Fiducian releases FSRA-compliant software

Fiducian Financial Services will soon launch a financial planning software package, FORCeFP, which will write financial plans meeting all FSRA requirements....

Financial planning

FPA launches disclosure campaign

The Financial Planning Association (FPA) today launched its Professional Partners initiative in a bid to raise public confidence levels in the industry, and has appointed...

Editorial

NAB profits hit by wealth write-down

National Australia Bank (NAB) has reported a $205 million write-down of its $6.5 billion wealth management business due to the continued lacklustre performance of global...

Financial planning

Sealcorp to put Asgard under the microscope

The Securitor/PACT financial planning dealer groups will implement a price and functionality review of the Asgard master trust in an attempt to increase its market compet...

Financial planning

Risk advisers find Guardian under Promina

Guardian Financial Planning was created as a haven for risk-based advisers in the face of the Financial Services Reform Act (FSRA) and, as Simon Segal writes, the group h...

Financial planning

Restricted ‘planner’ term proposal to weed out shonks

A restricted definition for the terms ‘financial planner’ and ‘financial adviser’ would protect consumers from shonky operators pretending to be financial planners, accor...

Financial planning

APIR signs up first client for compliance reference service

APIR Systems has signed up Brisbane-based dealer group Australian Investment and Financial Planners (AI&FP) as the first full-service user of its Compliance Reference Ser...

Financial planning

Collins: FSR should be scrubbed – Part II

If you believe the FSRA will cure the financial services industry’s ills, then Tom Collins invites you to look for the fairies at the bottom of the garden....

Financial planning

Lifespan claims ASIC push is against FSRA

Lifespan Financial Planning has criticised the Australian Securities and Investments Commission (ASIC), claiming that its hard line on some compliance procedures may disa...

Financial planning

Navigator launches into back office business

Navigator Australia has moved into the provision of back office services with the rollout of what it is calling a back office master trust....

Financial planning

CGT relief to prompt licensing rush

The financial planning industry is expecting a rush of applications for licenses under the new Financial Services Reform Act (FSRA) after the announcement of special capi...

Financial planning

Mentor for Australia’s largest credit union

Australia’s largest credit union, Credit Union Australia (CUA), has established its own dealer group, Mentor Australia Financial Planning....

Financial planning

Government rejects ACA calls on super choice

The Federal Government has rebuffed calls by the Australian Consumers Association (ACA) for superannuation choice legislation to be delayed in the wake of the release of ...