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Financial Planning

Unlicensed adviser faces court

ALEX BURKE  |  MONDAY, 30 MAR 2015
ASIC has taken Investment Intelligence Corporation director Senen Pousa to court in Brisbane.

FIIG launches Amazon-inspired bond platform

MARK SMITH  |  MONDAY, 30 MAR 2015
Fixed income broker FIIG Securities has launched an online ordering system for corporate bonds which simplifies buying and selling bonds in the over-the-counter market.

Industry, government respond to Trowbridge report

ALEX BURKE  |  FRIDAY, 27 MAR 2015
The government and industry bodies have responded to the recommendations in John Trowbridge's Review of Retail Life Insurance Advice.

Treasury starts consultation for higher advice standards

STAFF WRITER  |  FRIDAY, 27 MAR 2015
Treasury has released a consultation paper and is calling for submissions on ways to lift the professional standards of financial advisers.

AFA can't give Trowbridge report "complete support"

ALEX BURKE  |  FRIDAY, 27 MAR 2015
The Trowbridge report's recommendations will likely increase the cost of life insurance for Australians, the Association of Financial Advisers (AFA) cautioned.

Adviser Ratings revamps website in prep for FAR launch

ALEX BURKE  |  THURSDAY, 26 MAR 2015
Consumer-based adviser "review" service Adviser Ratings has updated its website to accommodate ASIC's first adviser register (FAR), launching at the end of March.

Trowbridge releases final report

ALEX BURKE  |  THURSDAY, 26 MAR 2015
The final version of the Trowbridge Review on Retail Life Insurance Advice has been released.

Degrees don't ensure good financial advice

ALEX BURKE  |  WEDNESDAY, 25 MAR 2015
The FSI recommendation for advisers to hold a "relevant tertiary degree" in order to raise minimum competency standards will not ensure good advice and may drive established advisers out of the system, according to Australian Institute of Company Directors ...

Vertically-integrated advice model can work

ALEX BURKE  |  WEDNESDAY, 25 MAR 2015
Despite recent controversies, vertical integration can work if implemented properly, according to Australian Bankers' Association chief executive Steven Munchenberg.

DeVere helped US press expose investment fraud

ALEX BURKE  |  WEDNESDAY, 25 MAR 2015
Global adviser group deVere provided evidence of what a spokesperson described as "one of the largest financial scams in history" to a US-based investigative news service.