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Industry could face another inquiry

RUTH LIEW  |  TUESDAY, 26 OCT 2010
... financial system not dissimilar to the Wallis inquiry in the mid 90s. He was quoted urging the industry to prepare for the next crisis and the need for more competition. A new inquiry would be a key way to raise the issues the Coalition has on its agenda ...

Zurich launches iPhone app for life insurance

RUTH LIEW  |  TUESDAY, 26 OCT 2010
... quotes across Zurich's core retail risk product range and streamline the process to gain cover, will be available for download next week. It also features Zurich LifeXpress, which incorporates solutions that make quotations faster. Zurich is not a stranger ...

Advisers of tomorrow are 'choice architects'

ALEX DUNNIN  |  TUESDAY, 26 OCT 2010
... the person going into care but reaching out to and working with their families. "It enables advisers to leverage into the next generation of wealth. The client with the problem is often not the person going into care but their adult children," said Biti. ...

AFA pledges support for advice campaign

MICHELLE BALTAZAR  |  MONDAY, 25 OCT 2010
... an AFA member, made the announcement and said the AFA needs between $2.5 million to $5 million to run the campaign by mid-next year. Titled the 'Make A Plan' campaign, the project involves a TV, radio and website campaign featuring real-life examples ...

Count selects Lonsec and IRESS

RUTH LIEW  |  MONDAY, 25 OCT 2010
... provide its XPLAN platform to replace Count's proprietary system, WealthPlanner. The new system will be implemented early next year. Count estimates XPLAN will help advisers increase their productivity by 50 per cent, and help deal with upcoming regulatory ...

Perpetual Private Wealth targets growth

RUTH LIEW  |  FRIDAY, 22 OCT 2010
... firm's private wealth arm, which currently has $8.5 billion in funds under advice. He expects the business to double in the next three to five years, and continue its acquisition strategy of buying firms that provide specialist expertise. "We do expect ...

Hungary private pension breakdown

ELISE BURGESS  |  FRIDAY, 22 OCT 2010
... under attack in Hungary after the government announced that all contributions to second-pillar funds would be stopped for the next 14 months and left within the state system. The Hungarian government announced in mid-October that it would take around ...

Netwealth LifeWRAP goes live

ELISE BURGESS  |  FRIDAY, 22 OCT 2010
... to financial planners moving forward." Going forward, netwealth will soon embark on the integration of the facility. "The next step for us is to integrate the LifeWRAP facility into the super fund," said Heine.

ASIC strikes back in Opus dispute

JOHN MCDULING  |  FRIDAY, 22 OCT 2010
... liquidity requirements for responsible entities of managed investment schemes. In proposals it is seeking to implement by July next year, ASIC wants REs to set aside up to $5 milion in NTAs, disclose 12 month rolling cashflow projections and restrict ...

AMP launches planning course

ELISE BURGESS  |  WEDNESDAY, 20 OCT 2010
... said that AMP and Pinnacle would move out geographically from Sydney to other major areas but that online would also be the next chapter if the course is well received. "We are also considering increasing our online capability, to complement the face-to-face ...