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Financial Planning

CBA advisers ran from ASIC

ALEX BURKE  |  WEDNESDAY, 22 APR 2015
CBA chief executive Ian Narev said that he supported the idea of individual adviser misconduct being noted on the ASIC planner register, but the issue was complicated by advisers resigning when the regulator began its investigation.

Sacked Macquarie advisers still in the industry

LAURA MILLAN  |  TUESDAY, 21 APR 2015
Some of the 11 Macquarie Private Wealth (MPW) advisers who were made redundant because they gave improper advice are currently employed in other financial planning firms, Macquarie chief executive Nicholas Moore said.

Industry should help fund ASIC: ANZ

LAURA MILLAN  |  TUESDAY, 21 APR 2015
ANZ top executives supported the idea that the financial services industry should help fund the Australian Securities and Investments Commission (ASIC) so it can "fully police industry behaviour."

Industry needs to act after Trowbridge report failure

ALEX BURKE  |  TUESDAY, 21 APR 2015
The Trowbridge report likely won't become the "blueprint" for the life industry, said former Financial Planning Association of Australia chair Matthew Rowe.

Trowbridge proposals will hit consumers hardest

ALEX BURKE  |  MONDAY, 20 APR 2015
AFA chief executive Brad Fox has hit back at the FSI and Trowbridge recommendations, saying they are "unworkable, impractical and do not acknowledge the value life insurance advisers provide to consumers."

Big end of town to face Senate over bad advice

LAURA MILLAN  |  FRIDAY, 17 APR 2015
Australia's top bankers will have to explain what went wrong in their advice divisions at a public Senate hearing in Canberra on Tuesday.

ANZ sets up $30m compensation program for advice clients

LAURA MILLAN  |  THURSDAY, 16 APR 2015
ANZ will reimburse $30 million to clients of its financial planning business who did not get the annual reviews promised as part of the bank's advice and investment service.

Frydenberg sets fuse on Trowbridge time bomb

MARK SMITH  |  WEDNESDAY, 15 APR 2015
Assistant Treasurer Josh Frydenberg has started his countdown for the risk advice industry to get its house in order before the government takes action - and the industry doesn't have long.

Infocus to provide advice to First Super members

LAURA MILLAN  |  MONDAY, 13 APR 2015
Industry Fund Services (IFS) and dealer group Infocus Wealth Management will provide full financial advice services to First Super members.

NAB searching for Godfrey Pembroke GM replacement

LAURA MILLAN  |  MONDAY, 13 APR 2015
National Australia Bank (NAB) is currently conducting a recruitment process to replace Godfrey Pembroke's general manager, following the departure of Sean Allen.