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Showing 8361 - 8370 of 9822 results for "Advisers"

The downside of Ripoll

MICHELLE BALTAZAR  |  TUESDAY, 24 NOV 2009
... difficult in practice to "codify" planner fiduciary duties. He warned the worst-case scenario is that independent financial advisers (IFAs) find the regulatory burden too hard and join the major planning networks - perversely reducing the number of IFAs ...

Ripoll recommends investor compensation fund

MICHAEL HOBBS  |  TUESDAY, 24 NOV 2009
... PJC report. Meanwhile, the PJC recommended the Corporations Act be amended to include a fiduciary duty for financial advisers and payments from financial product manufacturers to advisers be stopped. The PJC found there is no reason why financial advisers ...

Planners brace for fiduciary revolution

ALEX DUNNIN  |  TUESDAY, 24 NOV 2009
The financial planning industry's worst nightmare is about to come true with the Ripoll Report recommending advisers become fiduciaries, payments from product providers to planners should cease and that ASIC significantly step up its shadow shopping ...

Ripoll heats up sales or advice debate

RUTH LIEW  |  TUESDAY, 24 NOV 2009
... allegiances lie. In fact, the Inquiry has put the spotlight on the elephant in the room - the conflicts of interest as advisers play the dual role of sellers within a company's distribution network, while giving financial advice. "The tension between ...

Lessons learned from Opes Prime

RUTH LIEW  |  TUESDAY, 24 NOV 2009
... noted some submitters. The committee took this one step further, noting there were questions about whether financial advisers themselves had proper knowledge of the risks involved in selling these products. The Inquiry also recognised the need for federal ...

AFA calls for more consultation on education

COMPANY RELEASE  |  MONDAY, 23 NOV 2009
The Association of Financial Advisers (AFA) said the Financial Planning Association of Australia's (FPA) education consultation paper includes some "good ideas" and called for a truly consultative approach to developing education standards. Richard ...

Education drag hits super savings: GESB

COMPANY RELEASE  |  MONDAY, 23 NOV 2009
... According to GESB's research, Australians expect the government and financial providers like super funds, banks and financial advisers to provide them with all the information they will need to inform their retirement savings. The research indicated ...

Bans and charges for advisers: ASIC

ASIC RELEASE  |  FRIDAY, 20 NOV 2009
ASIC has embarked on a major crackdown on "advisers" who have broken the law - including those linked with Westpoint, and SMSF and agribusiness specialists. ASIC has banned Craig Gerard Dangar, of New South Wales, from providing financial services for ...

Faith in fee for service

MICHAEL HOBBS  |  FRIDAY, 20 NOV 2009
... implementing a fee-based remuneration approach came from the firm's planners. "This was a massive learning curve for advisers because they really didn't believe people would pay a set amount upfront for advice," she said. "We believed that if the financial ...

Perceived conflicts lethal to planners

MICHELLE BALTAZAR  |  THURSDAY, 19 NOV 2009
... the FPA on its decision to move away from commission-based fees for financial advice. "Commissions paid to financial advisers have the potential to create real, potential or perceived conflicts of interest. Such a perception justifiably puts doubt in ...