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Financial Planning

NAB upgrades advice compensation program

LAURA MILLAN  |  THURSDAY, 21 MAY 2015
National Australia Bank (NAB) has upgraded the compensation program for victims of bad advice with the appointment of a consumer advocate.

AMP deflects ASIC attack reports

ALEX BURKE  |  THURSDAY, 21 MAY 2015
Australia's largest financial planning institution, AMP, has distanced itself from reports it's being specifically targeted in an ASIC investigation.

ASIC bans convicted broker

MARK SMITH  |  WEDNESDAY, 20 MAY 2015
ASIC has banned a mortgage broker from engaging in credit activities and from providing financial services for 10 years following her conviction for loan fraud.

HUB24 and GPS Wealth launch managed accounts platform

MARK SMITH  |  TUESDAY, 19 MAY 2015
HUB24 and independent licensee GPS Wealth have launched a new white label managed accounts platform.

AFA looking for next adviser of the year

ALEX BURKE  |  TUESDAY, 19 MAY 2015
The Association of Financial Advisers has partnered with Zurich to launch the 2015 Adviser of the Year and Practice of the Year awards.

Fortnum drops upfront risk commissions

ALEX BURKE  |  MONDAY, 18 MAY 2015
Following Centrepoint Alliance and AMP adopting hybrid and level commission structures, independent dealer group Fortnum has dropped upfront risk insurance commissions to "ward off further legislative attack".

Advice not just compliance: Centrepoint

ALEX BURKE  |  FRIDAY, 15 MAY 2015
Centrepoint Alliance chief executive John de Zwart has called out advisers who focus on regulatory compliance without considering client satisfaction.

Spring FG acquires robo-advice company

MARK SMITH  |  THURSDAY, 14 MAY 2015
Independent licensee Spring FG has acquired Digifi Group, a company specialising in 'robo-advice'.

XTB launch opens corporate bonds to retail

DARREN SNYDER  |  THURSDAY, 14 MAY 2015
The Australian Corporate Bond Company (ACBC) has launched 17 exchange traded bond units (XTBs) that will provide investors with exposure to returns from individual corporate bonds issued by the top 50 ASX listed companies.

New initiative to improve women's economic health

DARREN SNYDER  |  THURSDAY, 14 MAY 2015
The Financial Planning Association of Australia (FPA) has announced a partnership with not-for-profit 10thousandgirl in a bid to improve the financial literacy and economic health of women in regional areas.