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Financial Planning

Embrace client interests or wither on the vine, advisers told

MARK SMITH  |  WEDNESDAY, 18 FEB 2015
Financial advice professionals must embrace regulatory and legislative changes aimed at improving outcomes for consumers, irrespective of the impact these changes have on their businesses bottom lines.

Accountants threatened by regulation, falling profits, succession

ALEX BURKE  |  TUESDAY, 17 FEB 2015
Accountants are increasingly concerned about declining fee growth rates, succession planning gaps and their capacity to provide advice services, according to the Bstar 2015 Accountants Research Report.

Young advisers flock to the AFA

STAFF WRITER  |  TUESDAY, 17 FEB 2015
Young advisers have responded to the Association of Financial Advisers (AFA) GenXt initiative and now 30% of the organisation's members are under 40 years of age.

Corporate super adviser body beefs up to face challenges

LAURA MILLAN  |  FRIDAY, 13 FEB 2015
The Corporate Super Specialist Alliance (CSSA) has appointed its first salaried chief executive to lead the way for embattled corporate super financial advisers.

ASIC ends Macquarie EU but sees gaps in advice files

LAURA MILLAN  |  FRIDAY, 13 FEB 2015
Macquarie Equities Limited advice files have gaps and require further testing, the Australian Securities and Investments Commission (ASIC) said as the two year enforceable undertaking (EU) into the organisation's advice arm comes to an end.

Stella Network ramps up support for women in financial planning

MICHELLE BALTAZAR  |  FRIDAY, 13 FEB 2015
A networking group set up to support women in financial planning celebrated its one-year birthday this week with a string of good news for its members and supporters.

FSI proposal to ban LRBAs "draconian"

LAURA MILLAN  |  THURSDAY, 12 FEB 2015
The Financial System Inquiry (FSI)'s recommendation to ban limited recourse borrowing arrangements (LRBAs) is "a draconian move that we need to reflect on," the Association of Financial Advisers (AFA)'s chief operating officer Phil Anderson said.

FPA asks for tax deductible advice in budget submission

LAURA MILLAN  |  THURSDAY, 12 FEB 2015
Financial planning fees should be tax deductible to give Australians more incentives to seek advice, the Financial Planning Association (FPA) said in its submission for the 2015/2016 Federal Budget.

Ex-ANZ adviser sent to jail over $6m fraud

LAURA MILLAN  |  WEDNESDAY, 11 FEB 2015
A former ANZ financial adviser was jailed for six years and three months for defrauding over $5.9 million over a period of 20 years.

CBA wealth management FUA up 11%

MARK SMITH  |  WEDNESDAY, 11 FEB 2015
Commonwealth Bank's wealth management division contributed strongly to the bank's solid half-year result, increasing funds under administration by 11% and delivering outperformance from 85% of funds over three years.