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Financial Planning

Advice fintech shutters Sydney office

ALEX BURKE  |  TUESDAY, 15 MAY 2018
As part of a strategic review, an ASX-listed Australian fintech targeting the financial advice market will close its Sydney office and reduce three sales and customer service staff.

Only 17pct of Aussie families seek advice: St.George

HARRISON WORLEY  |  TUESDAY, 15 MAY 2018
Latest research from St.George Bank highlights only 17% of Australian households seek financial advice.

Vertical integration needs overhaul: Poll

KANIKA SOOD  |  MONDAY, 14 MAY 2018
As the advice industry reels from the impact of Royal Commission misconduct revelations that stemmed from vertically-integrated models, seven in ten Financial Standard readers are of the opinion these model need a revamp.

Adviser disciplinary regime has holes: AFA

JAMIE WILLIAMSON  |  MONDAY, 14 MAY 2018
The Association of Financial Advisers concedes the existing disciplinary regime for financial advisers is largely ineffective due to a lack of communication between responsible parties.

BlackRock confirms iShares delisting timetable

KANIKA SOOD  |  FRIDAY, 11 MAY 2018
BlackRock has laid out options for iShares ETF investors to liquidate their holdings, reconfirming it will suspend the trading of five products from the ASX in about a month.

AMP to fight class actions, prioritise performance

HARRISON WORLEY  |  THURSDAY, 10 MAY 2018
AMP confirmed it will vigorously defend two class action lawsuits brought against it by shareholders in the wake of the Financial Services Royal Commission.

Application fees increase for tax advisers

ALEX BURKE  |  TUESDAY, 8 MAY 2018
Increased funding for the Tax Practitioners Board will be offset by an increase in application fees for tax practitioners, including financial advisers.

ASIC drags NSW adviser to court

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
A financial adviser who allegedly recommended his clients set up SMSFs and invest funds in a company where he was a director; and claimed life insurance commissions from illegitimate applications, will face the Federal Court this month.

Industry wants one-stop-shop professional body: Poll

KARREN VERGARA  |  MONDAY, 7 MAY 2018
The financial services industry is voting in favour of one overarching professional body to oversee standards and codes of conduct, Financial Standard' latest spot poll shows.

ANZ culls sales incentives for planners

KANIKA SOOD  |  MONDAY, 7 MAY 2018
ANZ will no longer factor in sales incentives while calculating bonuses for its financial planners and boot them out if they fail an audit twice, the bank announced today.