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Showing 1821 - 1830 of 4097 results for "financial planning"

Robo advice questions still unanswered

DARREN SNYDER  |  TUESDAY, 5 MAY 2015
... people en masse was becoming difficult. She said online advice has increased more than 50% year on year in UK. Financial Planning Association chief executive, Mark Rantall, said ironically one of his first jobs at Godfrey Pembroke in 2004 was to shut ...

FPA proposes risk commission cap

DARREN SNYDER  |  TUESDAY, 5 MAY 2015
The Financial Planning Association of Australia (FPA) has released its life insurance blueprint paper discussing its aim to drive competitive, professional, and valuable service to Australian consumers. "Remuneration for insurance work should be compensated ...

Advice industry faces insurance quandary

ALEX BURKE  |  MONDAY, 4 MAY 2015
... Macquarie Group chief executive Nick Moore endorsed the idea, saying it was "part of the evolution of the whole financial planning industry," even if it did potentially "introduce an element of regulatory moral hazard by reducing incentive for stringent ...

Industry meets behind closed doors to fix advice

LAURA MILLAN  |  WEDNESDAY, 29 APR 2015
... following the inquiry into advice standards, the Assistant Treasurer's office confirmed to Financial Standard. Financial Planning Association (FPA) chief executive Mark Rantall confirmed that he will be attending the meeting and that he expects "a broad ...

Report confirms failed CBA compensation

LAURA MILLAN  |  THURSDAY, 23 APR 2015
... started under the Australian Securities and Investments Commission (ASIC) enforceable undertaking to Commonwealth Financial Planning (CFPL) and Financial Wisdom (FWL) in 2011. Despite being under ASIC's surveillance, in 3,452 of the 4,330 cases assessed ...

NAB to take "leading role" in advice remediation

ALEX BURKE  |  WEDNESDAY, 22 APR 2015
... despite the recent scandal, NAB was one of the "first major institutions" to disincentivise sales culture in financial planning by moving towards fee-for-service models. "We designed a new model which favoured fee-for-service, and [NAB subsidiary] MLC ...

Sacked Macquarie advisers still in the industry

LAURA MILLAN  |  TUESDAY, 21 APR 2015
... Wealth (MPW) advisers who were made redundant because they gave improper advice are currently employed in other financial planning firms, Macquarie chief executive Nicholas Moore said. Speaking at a Senate Economics Committee public hearing within the ...

Industry needs to act after Trowbridge report failure

ALEX BURKE  |  TUESDAY, 21 APR 2015
The Trowbridge report likely won't become the "blueprint" for the life industry, said former Financial Planning Association of Australia chair Matthew Rowe. In a newspaper column, Rowe explained that this was because of disagreements between key members ...

Big end of town to face Senate over bad advice

LAURA MILLAN  |  FRIDAY, 17 APR 2015
... revisions and that are being compensated with $30 million. "I want to know what they are doing to raise the financial planning standards and how the compensation process is going," Williams said. The Senator was the first to raise concerns in Parliament ...

ANZ sets up $30m compensation program for advice clients

LAURA MILLAN  |  THURSDAY, 16 APR 2015
ANZ will reimburse $30 million to clients of its financial planning business who did not get the annual reviews promised as part of the bank's advice and investment service. About 8,500 Prime Access clients will be reimbursed, ANZ confirmed in a statement. ...