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Financial Planning

India mutual funds reach A$149bn

ALICE URIBE  |  THURSDAY, 20 NOV 2014
The government's announcement of a free trade agreement (FTA) with India that Prime Minister Tony Abbott proposes to conclude over the next 12 months will focus the attention of Australian money managers on India's AUD$149 billion mutual funds market

Genesys advisers looking at all options following wind up

LAURA MILLAN, JAMES FERNYHOUGH  |  WEDNESDAY, 19 NOV 2014
Advice practices licensed under AMP-owned Genesys Wealth are currently considering all options after the licensee announced yesterday that it would wind up.

FoFA disallowance could put industry into breach of law

LAURA MILLAN  |  WEDNESDAY, 19 NOV 2014
A Senate alliance between Labor, the Greens and three crossbench Senators has pushed for a motion to disallow the Coalition's proposed changes to the Future of Financial Advice (FoFA) legislation in a move that could put the industry immediately into ...

AMP to wind up Genesys licence

LAURA MILLAN  |  TUESDAY, 18 NOV 2014
AMP Group will close the Genesys dealer group and will offer practices under the dealership a "smooth transition" to other AMP licensees.

Increased record keeping provisions for advisers

LAURA MILLAN  |  TUESDAY, 18 NOV 2014
Financial advisers will need to keep additional records proving they've complied with the best interests' duty when they give personal advice to retail clients after 23 March 2015.

Prosecution drops charges against Storm adviser

LAURA MILLAN  |  MONDAY, 17 NOV 2014
The Commonwealth Director of Public Prosecutions has withdrawn its charge against former Storm Financial adviser Walter John Fullerton-Smith, following the death of a key witness.

Advisers want more information from fund managers

LAURA MILLAN  |  MONDAY, 17 NOV 2014
Financial advisers are not only interested in fund returns, they want information to help clients understand how funds fit within their portfolios and how it will help deliver outcomes.

Unlicensed Torquay adviser gets 7 year ban

LAURA MILLAN  |  MONDAY, 17 NOV 2014
Torquay-based director and sole employee of Shore Capital Scott Logan has been banned for providing financial services for seven years.

Non-aligned licensee inquiries to rise in 2015

LAURA MILLAN  |  MONDAY, 17 NOV 2014
Independence, the flexibility to build an approved product list and cheaper, more advanced technology and platforms are encouraging more advisers to leave large licensees and strike out on their own.

Questions raised about ANZ and Timbercorp

LAURA MILLAN  |  FRIDAY, 14 NOV 2014
The Senate Economics Committee inquiry into forestry managed investment schemes heard victims of Timbercorp point to the failed scheme's relationship with ANZ Banking Group.