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Showing 2071 - 2080 of 4097 results for "financial planning"

CBA and ASIC "sketchy" info delays inquiry conclusion

LAURA MILLAN  |  WEDNESDAY, 28 MAY 2014
... client remediation process described in the submission "was not applied consistently." It said that not all CBA Financial Planning and CBA-owned Financial Wisdom customers were offered $5,000 to pay for an independent review of their compensation, that ...

Senate Committee forced to delay tabling of ASIC report

LAURA MILLAN  |  WEDNESDAY, 28 MAY 2014
... conclusions of the inquiry into ASIC's performance to the Senate on May 30. Several cases of bad advice within CBA's financial planning unit and ASIC's failure to act on whistleblower information prompted the inquiry. The committee has received an almost ...

Murray shuns FoFA commissions' debate

LAURA MILLAN  |  WEDNESDAY, 28 MAY 2014
... thought about why that wasn't noticed earlier," he said, referring to the cases of bad advice within CBA's financial planning unit. "The issue was that we were driving enormous product sales in one region in the bank, not the wealth management area," ...

CBA leads on client satisfaction despite planning scandals

LAURA MILLAN  |  TUESDAY, 27 MAY 2014
The scandals in Commonwealth Bank's (CBA) financial planning unit have not affected its clients' satisfaction, which is the highest of the big four banks. Clients rated their satisfaction with CBA advisers at 84.2% in the year to March 2014, a Roy Morgan ...

WB Financial launches SMA service with Praemium

LAURA MILLAN  |  TUESDAY, 27 MAY 2014
... majority of our SMSF clients," Wilkinson said. Praemium is a provider of investment administration, SMAs and financial planning technology platforms. It administers in excess of 300,000 investor accounts and covers approximately $80 billion in funds ...

Baby boomers account for four in five dollars under advice

MARK SMITH  |  TUESDAY, 27 MAY 2014
Over 55s now account for two-thirds of all financial planning clients, and four out of every five dollars under advice, the latest report from researcher Investment Trends shows. An aging population and generational wealth differences have made retirees ...

Banks support the "original" FoFA intent: ABA

LAURA MILLAN  |  MONDAY, 26 MAY 2014
... exemption has raised concerns that bank employees providing general advice will be able to receive commissions. The Financial Planning Association (FPA), the Association of Financial Advisers (AFA), Industry Super Australia (ISA) and all organisations ...

FPA reveals 10 point plan to improve advice

LAURA MILLAN  |  FRIDAY, 23 MAY 2014
The Financial Planning Association (FPA) has unveiled 10 key points to raise the standards of financial advice. The FPA presented the plan yesterday during the Senate Economics Committee hearing on the streamlining of the Future of Financial Advice ...

FPA and AFA unite: stop commissions on general advice

LAURA MILLAN  |  THURSDAY, 22 MAY 2014
... Senate hearing about the Future of Financial Advice (FoFA). The Association of Financial Advisers (AFA) and the Financial Planning Association (FPA) have told the Senate Economics Committee that they do not want to see employees receiving commission ...

PROFILE: netwealth head of advice Simon Micallef

LAURA MILLAN  |  WEDNESDAY, 21 MAY 2014
... Cup. The son of a Maltese family that immigrated to Australia after World War II, Micallef was attracted to financial planning early into his career. He worked for National Australia Bank's (NAB) retail banking arm for three years and three more for ...