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Showing 1 - 10 of 100+ results for "Financial advice"

Exam pass rate steady at 60%

KARREN VERGARA  |  TUESDAY, 26 OCT 2021
... a pass rate of 69%. Upon further examination of the latest results, candidates underperformed in three areas: financial advice regulatory and legal obligations; applied ethical and professional reasoning and communication; and advice construction. FASEA ...

Commonwealth Financial Planning to shutter

ELIZABETH MCARTHUR  |  TUESDAY, 26 OCT 2021
... Planning is closing, Commonwealth Bank announced today. From today forward, Commonwealth FP cannot take on any new financial advice clients. Existing advisers and clients will have until November 30 to work out next steps, before Commonwealth FP shutters ...

Better Advice Bill gets green light

KARREN VERGARA  |  FRIDAY, 22 OCT 2021
... thanked the FASEA board and its staff for the work they have undertaken in setting professional standards for the financial advice industry and the important contribution towards improving the education, training and ethical standards in the sector. ...

Pinnacle backs investment platform

ELIZABETH MCARTHUR  |  FRIDAY, 22 OCT 2021
... Ramsin Jajoo said the partnership made sense in light of regulatory change in the industry, and pressures on the financial advice sector. "With the introduction of increased regulation post the Hayne Royal Commission, the exit of the major banks from ...

Advisers closer to professionalisation: FASEA

KARREN VERGARA  |  THURSDAY, 21 OCT 2021
... levels of education represents a key component of Parliament's vision to build a trusted, educated, and ethical financial advice profession. Advisers who have completed their education or embarked on their education pathway will play a significant role ...

Industry mixed over FSC advice framework

ANNABELLE DICKSON  |  FRIDAY, 15 OCT 2021
The financial advice industry welcomes the Financial Services Council (FSC) recommendations to help reduce red tape and make financial advice more affordable, but one dealer group is unsure whether the FSC is trustworthy - particularly for risk advisers. ...

AZ NGA acquires regional advice firm

KARREN VERGARA  |  THURSDAY, 14 OCT 2021
AZ Next Generation Advisory has acquired a regional financial advice firm with $250 million in funds under management. AZ NGA is expanding to the New South Wales Hunter Region by acquiring RI Newcastle and Lower Hunter for an undisclosed amount. RI ...

FSC advice reforms slash time, costs by 30%

KARREN VERGARA  |  TUESDAY, 12 OCT 2021
The reforms proposed by the Financial Services Council could reduce the time and cost to produce financial advice by more than 30% respectively. Modelling provided by KPMG Australia estimates that advisers incur $5334 to provide advice and spend 23.9 ...

Midwinter appoints head of product

ELIZABETH MCARTHUR  |  MONDAY, 11 OCT 2021
... innovation and lead, delivery, and adoption for AMP. "I am passionate about the difference technology can make in financial advice," Zietara said. "There is a big opportunity for advice businesses to improve efficiency through technology, particularly ...

Advice on ageing key to future success: CFPs

JAMIE WILLIAMSON  |  THURSDAY, 7 OCT 2021
... largely driven by those preparing for retirement (61%) and increased levels of consumer awareness of the value of financial advice (56%). The survey shows 69% of CFPs think retirement security will be the main area people will seek advice on, while 61% ...
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