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Financial Planning

Inflows slow at AMP North

KANIKA SOOD  |  THURSDAY, 22 APR 2021
AMP's North platform saw $400 million less in inflows in the three months to March compared to the same time last year, as financial adviser activity fell.

Commissions likely to stay: Hume

KARREN VERGARA  |  THURSDAY, 22 APR 2021
The coalition has hinted that it will not eradicate commissions paid on life insurance products, acknowledging that financial advisers' bottom line has struggled since the introduction of the Life Insurance Framework reforms.

Pandemic spurs advice, insurance rethink

KARREN VERGARA  |  WEDNESDAY, 21 APR 2021
The COVID-19 pandemic has forced many Australians to review their life insurance cover and seek the help of a financial adviser.

Vanguard UK upends cost of advice

KARREN VERGARA  |  TUESDAY, 20 APR 2021
Vanguard has launched a financial advice offering in the UK that will charge a flat rate of 0.79%, a whopping three times less than what the industry charges on average.

Former Aon Hewitt adviser banned

ELIZABETH MCARTHUR  |  TUESDAY, 20 APR 2021
ASIC has banned a former authorised representative of Aon Hewitt from providing financial services for four years.

FSC proposes new advice model

KARREN VERGARA  |  MONDAY, 19 APR 2021
Eradicating the Statement of Advice and the safe harbour steps are two recommendations that will help reduce red tape and make financial advice more affordable, according to the Financial Services Council.

Granny flat tax exemption to become law

ANNABELLE DICKSON  |  MONDAY, 19 APR 2021
The government has commenced consultation on exposure draft legislation that will reduce the tax burden on granny flats in a move to prevent elder financial abuse.

Netwealth FUA crosses $40 billion

KANIKA SOOD  |  FRIDAY, 16 APR 2021
Netwealth ended March 2021 with $41.8 billion in funds under administration, an increase of 50% over the prior corresponding period.

FASEA offers exam feedback

KARREN VERGARA  |  FRIDAY, 16 APR 2021
The Financial Adviser Standards and Ethics Authority (FASEA) is providing personalised feedback for those who failed the examination.

Delay breach reporting law: AFA

KARREN VERGARA  |  FRIDAY, 16 APR 2021
The Association of Financial Advisers wants to defer the proposed self-reporting of breaches regime amid concerns it will be impossible for small financial advice firms to comply with.