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Showing 11601 - 11610 of 18276 results for "Plan"

Opposition attacks opt-in concession

ALISON BEVEGE  |  THURSDAY, 28 APR 2011
Minister for Financial Services Bill Shorten has eased reforms on financial planners by extending the opt-in period but the Opposition has attacked, saying it would still cost an average firm $50,000. Adviser groups have lobbied hard against the opt-in ...

New super products and mergers may result - insurers

ELISE BURGESS  |  THURSDAY, 28 APR 2011
Life insurers predict dealer groups will create their own super products or be taken over by wealth managers while direct insurance will get a boost from new FOFA reforms. Life insurers and financial planners alike have responded with mixed reactions ...

Licensee tests offer planners protection

MATT WOODINGTON  |  THURSDAY, 28 APR 2011
Financial planners will have protection against fiduciary problems as licensees are to be subject to the same best interest tests, according to the Government's FOFA reforms. The Financial Planning Association (FPA) said that one of its recommendations ...

Less conflict, more interest: FOFA

MICHELLE BALTAZAR  |  THURSDAY, 28 APR 2011
Despite some protests on the details of the proposed FOFA reforms, Assistant Treasurer Bill Shorten said the changes, particularly the ban on 'conflicted remuneration', can only improve the planning industry's public image and encourage more Australians ...

Super insurance commission ban not what it seems

ALEX DUNNIN  |  THURSDAY, 28 APR 2011
... as this figure is, it's only 15% of total estimated life insurance commission revenue, as according insurance researcher Plan For Life, life insurance risk premiums were $9.4 billion last year implying that a 30% commission ratio equates to $2.8 billion. ...

Market Wrap - Midday

AAP  |  THURSDAY, 28 APR 2011
The Australian share market was almost half a per cent stronger at noon, trading off its highs of the session as traders digested a new high for the Australian dollar and what it means for stocks and interest rates. At 1200 AEST, the benchmark S&P/ASX200 ...

FOFA leaves consumers in the cold

MATT WOODINGTON  |  THURSDAY, 28 APR 2011
... costing more to get advice and advisers will be tied up in red tape," said Klipin. The AFA believes that the Government's plan to ban commissions on risk products within superannuation means consumers will have to fund the cost of advice upfront and ...

My Adviser takeover brings new managing director

ALISON BEVEGE  |  WEDNESDAY, 27 APR 2011
... Adviser has named Philippa Sheehan as its new managing director in a generational change prompted by the friendly takeover by Plan B. Current managing director, Michael Summers, said he would withdraw from the role as part of the transaction. "It's an ...

AXA name adviser of the year

ELISE BURGESS  |  WEDNESDAY, 27 APR 2011
AXA Financial Advice Network has awarded Paul Aspros of PSK Financial Services, the national annual adviser Gerald Lippman Perpetual Trophy. Aspros, practice principle of Sydney based PSK Financial Services and licensed by Charter Financial Planning ...

West takes east-coast planners

ALISON BEVEGE  |  WEDNESDAY, 27 APR 2011
West Australian wealth management firm Plan B has begun a friendly takeover of financial planning dealership My Adviser, opening the door to a large network of eastern state advisory businesses. The My Adviser network has 54 advisory firms with 122 ...