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Showing 551 - 560 of 1907 results for Laura Millan

FSI proposal to ban LRBAs "draconian"

LAURA MILLAN  |  THURSDAY, 12 FEB 2015
The Financial System Inquiry (FSI)'s recommendation to ban limited recourse borrowing arrangements (LRBAs) is "a draconian move that we need to reflect on," the Association of Financial Advisers (AFA)'s chief operating officer Phil Anderson said. "LRBAs ...

FPA asks for tax deductible advice in budget submission

LAURA MILLAN  |  THURSDAY, 12 FEB 2015
Financial planning fees should be tax deductible to give Australians more incentives to seek advice, the Financial Planning Association (FPA) said in its submission for the 2015/2016 Federal Budget. "It is up to policy makers and associations such as ...

Ex-ANZ adviser sent to jail over $6m fraud

LAURA MILLAN  |  WEDNESDAY, 11 FEB 2015
A former ANZ financial adviser was jailed for six years and three months for defrauding over $5.9 million over a period of 20 years. Melinda Scott will serve three years and ten months in jail before being eligible for parole, the NSW District Court ...

Life insurance commissions must remain an option: AFA

LAURA MILLAN  |  WEDNESDAY, 11 FEB 2015
High upfront commissions in life insurance might not have a future, but advisers should still be able to use other types of commissions, the Association of Financial Advisers (AFA)'s chief operating officer Phil Anderson said. "The future of upfront ...

NAB kick starts self-employed advice channel

LAURA MILLAN  |  TUESDAY, 10 FEB 2015
National Australia Bank (NAB) is offering its advisers the opportunity to become self-employed through a new channel. Seven financial planners have recently signed up to the NAB Self Employed model and the bank aims to grow the channel to 15 advisers ...

Reconsider life insurance commission ban: ISA

LAURA MILLAN  |  TUESDAY, 10 FEB 2015
Life insurance status quo must change and the Life Insurance and Advice Working Group should reconsider banning commissions from risk advice, Industry Superannuation Australia (ISA) said in its submission to the inquiry. ISA noted that the working group ...

Allow couples to hold joint super accounts: Rice Warner

LAURA MILLAN  |  TUESDAY, 10 FEB 2015
Married couples should be allowed to have a joint account for their superannuation, Rice Warner proposed in its pre-budget submission to Treasury. "We set out the logic of this arrangement in a newsletter last year and had positive feedback from the ...

Future Generation fund makes $618k for charities

LAURA MILLAN  |  MONDAY, 9 FEB 2015
Future Generation Investment (FGX) will be able to donate $618,000 to charities after six months trading on the Australian Securities Exchange. The philanthropic fund gives investors exposure to 15 funds managed by 14 of Australia's top fund managers ...

St George head of advice joins Anne Street

LAURA MILLAN  |  MONDAY, 9 FEB 2015
Westpac's head of St George, Bank of Melbourne and Bank SA Financial Planning has left the business and joined Anne Street Partners as head of strategy and advice. Jason Dunn will be responsible for the implementation of the firm's national business ...

Global appetite up, local confidence down

LAURA MILLAN  |  MONDAY, 9 FEB 2015
Appetite for overseas assets has increased by 3% over the last nine months over concerns that the Australian economy will not record healthy growth in the next year, a Certitude Global Investment survey has found. The Certitude Global Investment Intentions ...