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Large strides made towards automated advice

LAURA MILLAN  |  THURSDAY, 17 JUL 2014
... will want advice in the future and some of it is not going to be provided by an adviser," he added. He predicted that in the next 10 years "financial planners will manage the high end of the market, which requires a better understanding of the situation." ...

Australian Unity added 14 planning practices in a year

MARK SMITH  |  THURSDAY, 17 JUL 2014
... Financial Services specialist." Davis said he expects more advisers to join Australian Unity Personal Financial Services over the next few years as advisers look to a full-service licensee to help grow their practices. "Although we expect to continue ...

Government succeeds in securing final FoFA changes

LAURA MILLAN  |  WEDNESDAY, 16 JUL 2014
... the issue of grandfathering. In addition to these changes, the government agreed yesterday to introduce regulations in the next 90 days to include additional PUP requirements. The PUP asked that the Statement of Advice (SoA) specifies that the adviser ...

PIMCO names new head of Asia Pacific

STAFF WRITER  |  WEDNESDAY, 16 JUL 2014
... and our focus on delivering superior investment results and world class service. He will play a key leadership role in the next phase of these ongoing efforts," Hodge said. Mogelof joined PIMCO in 2003, and was previously head of Americas institutional ...

Labor, Greens will "keep fighting" after FoFA backflip

LAURA MILLAN  |  WEDNESDAY, 16 JUL 2014
The Labor Party and the Greens met this morning to consider next steps after the Palmer United Party (PUP) and Motor Enthusiasts Senator Ricky Muir made a last-minute move to support the Future of Financial Advice (FoFA) amendments in the Senate last ...

Market Wrap AM

AAP  |  WEDNESDAY, 16 JUL 2014
... lead from a second straight advance on Wall Street, while investors await a string of market-moving news and data over the next few days. The broad Asian gains add to Monday's positive performance and provided support to the dollar after it took a hit ...

Senate votes against disallowing FoFA amendments

LAURA MILLAN  |  TUESDAY, 15 JUL 2014
... number of requirements from Clive Palmer's party. Cormann said that the requirements would be introduced as regulations in the next 90 days. These include setting up a financial adviser register, informing clients about the adviser's best interest duty ...

Calastone launches automated reporting tool

LAURA MILLAN  |  MONDAY, 14 JUL 2014
... made from selling investments. Currently, each part of the investment chain is keyed in manually and communicated to the next recipient by email, fax or even post where they are manually handled once again. "When you examine the process it's easy to ...

Super funds have clout to demand transparency

JAMES FERNYHOUGH  |  FRIDAY, 11 JUL 2014
... shifts from those with the assets to those with the money." The debate about disclosure centres around rules to be introduced next year that will demand super funds to disclose publicly all, or at least the majority, of their holdings. This includes ...

Australian students get top marks for financial literacy

HARRY PAGE  |  THURSDAY, 10 JUL 2014
... PISA results highlight the importance of programs like ASIC's MoneySmart Teaching in building the financial literacy of the next generation," Larbey said.