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Showing 1221 - 1230 of 4076 results for "Financial planning"

ASIC shines spotlight on insurance advice

DARREN SNYDER  |  THURSDAY, 25 JAN 2018
Among the 200 financial planning client files reviewed by ASIC, 10% were considered to have serious concerns over life insurance arrangements. The corporate regulator most concerned about financial advice that led to clients changing life insurance ...

FPA clarifies role in shaping existing adviser standards

JAMIE WILLIAMSON  |  THURSDAY, 25 JAN 2018
The Financial Planning Association of Australia has distanced itself from the draft education guidelines for existing advisers proposed by the Financial Adviser Standards and Ethics Authority, despite having its own accreditation standards at their ...

Vertically integrated institutions failing to manage conflicts of interest

JAMIE WILLIAMSON  |  THURSDAY, 25 JAN 2018
... from 1 July 2014 to 28 February 2015 and 1 January 2017 to 31 March 2017; analysing 200 client files from the financial planning arms of AMP, ANZ, Commonwealth Bank, NAB and Westpac and respective dealer groups. In reviewing case files provided by the ...

CBA advice compensation bill balloons

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2018
... to ASIC. CBA will review the five former representatives' advice, licenced under subsidiaries Commonwealth Financial Planning and Financial Wisdom, as part of additional conditions ASIC imposed on AFSLs in August 2014. The banking and wealth group will ...

Clime IM appoints private wealth head from Suncorp

ALEX BURKE  |  TUESDAY, 23 JAN 2018
... flagged the development of interstate offices in an investor update. Maria Greensill was previously manager, financial planning operations at Suncorp. Before that, she was a strategic partner and financial adviser at RI Advice; Queensland and Northern ...

Lack of advice costing women in retirement

JAMIE WILLIAMSON  |  MONDAY, 22 JAN 2018
... career break." There are a number of structural issues contributing to the gender super imbalance but a lack of financial planning is potentially the biggest factor, which can be ameliorated with some careful considerations and actions, she added. "The ...

ASIC puts corner-cutting advisers on notice

JAMIE WILLIAMSON  |  MONDAY, 22 JAN 2018
... standards expected by ASIC, the regulator said. In June 2017, the Finance Sector Union of Australia called out NAB Financial Planning for 'systemic and cultural issues' after it was revealed that a compliance review conducted in 2016 found one of its ...

Former advice dealer group chief executive surfaces

JAMIE WILLIAMSON  |  THURSDAY, 18 JAN 2018
... allow them to make informed decisions as to complex M&A transactions. "With our main areas of expertise in financial planning, accounting and funds management, we are well placed to seize on the significant opportunities that an expansion into the Melbourne ...

ANZ Wealth tests AI-driven underwriting

KARREN VERGARA  |  THURSDAY, 18 JAN 2018
... retain its New Zealand business along with its lenders mortgage insurance, general insurance distribution and financial planning arms. The sale followed ANZ divesting OnePath's pension and investments units and four aligned dealer groups to IOOF for ...

ASIC bans ex-CBA adviser for five years

KARREN VERGARA  |  THURSDAY, 18 JAN 2018
ASIC banned a former Commonwealth Financial Planning adviser from providing financial services for five years. ASIC found Kimberley Holgate advised clients to rollover their existing superannuation account to a new product issued by CBA's subsidiary ...