Financial Planning
Grandfathered commissions deadline challenging: AFA
JAMIE WILLIAMSON  |  WEDNESDAY, 6 FEB 2019
The removal of grandfathered commissions by 2021 is not as simple as it sounds, according to the Association of Financial Advisers.
AFSL reference checking protocols required
JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
Financial advice licensees are not doing enough to communicate the background of advisers. As such, compliance with the Australian Banking Association's reference checking protocols should be mandatory for all advice licensees, the Royal Commission has ...
Grandfathered commissions to be banned
JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
Grandfathered commissions will be banned from 1 January 2021.
Ongoing service arrangements should be tightened: Hayne
JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
An overhaul of ongoing fee arrangements has been recommended by Commissioner Kenneth Hayne to combat fees for no service conduct.
Former adviser steals $5m from clients
JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
A former financial adviser is facing a lengthy jail term after pleading guilty to the theft of close to $5 million in client funds.
Outflows dent IOOF advice, funds businesses
KARREN VERGARA  |  MONDAY, 4 FEB 2019
IOOF recorded net outflows of $481 million in its financial advice and funds management businesses during the final quarter of 2018.
Hiring outlook subdued: Poll
KARREN VERGARA  |  MONDAY, 4 FEB 2019
Despite numerous job indices recording a rosy hiring outlook in 2019, Financial Standard's latest poll shows readership optimism is more subdued.
Synchron renews calls on risk advice separation
KANIKA SOOD  |  FRIDAY, 1 FEB 2019
Synchron director Don Trapnell is sticking by his long-held view that if risk advice and financial advice are not separated, dedicated risk advisers will exit the industry in droves.
TAL to offer FASEA masterclass
HARRISON WORLEY  |  THURSDAY, 31 JAN 2019
TAL will offer a FASEA masterclass to help advisers meet the new education requirements.
Advisers question value of best interests duty
DARREN SNYDER  |  WEDNESDAY, 30 JAN 2019
One in five financial advisers disagree or strongly disagree the best interests duty was necessary to raise industry standards. And more than 70% believe the duty has not improved advice quality.
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