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Financial Planning

Ongoing fees, advice fees in super to be reformed

ELIZABETH MCARTHUR  |  FRIDAY, 31 JAN 2020
New draft legislation aims to increase obligations around charging ongoing fees for financial advice and outlaw advice fees charged by superannuation funds.

Fidelity backs personality tests

ELIZABETH MCARTHUR  |  FRIDAY, 31 JAN 2020
Fidelity has revealed plans to roll out client personality tests to financial advisers.

Last stand for grandfathered commissions falls over

ELIZABETH MCARTHUR  |  THURSDAY, 30 JAN 2020
The Association of Independently Owned Financial Professionals has failed to raise the necessary funds to mount its High Court challenge to retain grandfathered commissions.

Advisers still unclear on referral rules

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JAN 2020
The Financial Adviser Standards and Ethics Authority Code of Ethics which came into effect from the start of the year has left many unclear on what kind of referrals are allowed.

Latest FASEA exam results in

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JAN 2020
Almost 3000 financial advisers across Australia have just received their results for the final Financial Adviser Standards and Ethics Authority exam for 2019.

Apt Wealth Partners acquires firm

ELIZABETH MCARTHUR  |  TUESDAY, 28 JAN 2020
Apt Wealth Partners, a national financial advice business with more than $1.5 billion in funds under management, has acquired a Melbourne-based advice firm.

Fraudulent adviser cops ban, jail time

ELIZABETH MCARTHUR  |  FRIDAY, 24 JAN 2020
A financial adviser from the NSW town of Valentine has been permanently banned for making false statements to clients and misappropriating funds.

The growing risk to financial advisers

ALLY SELBY  |  THURSDAY, 23 JAN 2020
Financial advisers must act to repair the trust deficit or risk being superseded by superannuation funds.

Viridian opens new offices

KANIKA SOOD  |  WEDNESDAY, 22 JAN 2020
In some pre-holiday spending, Viridian Advisory opened 22 new offices in November, and is looking to launch a mobile app in 2020, says chief executive Glenn Calder.

AMP remediation processes questionable

JAMIE WILLIAMSON  |  TUESDAY, 21 JAN 2020
AMP has responded to reports it is refunding fees charged to members into new AMP superannuation accounts opened without customers' knowledge or consent.