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Financial Planning

Astarra director banned, loses AAT appeal

LAURA MILLAN  |  MONDAY, 3 NOV 2014
The Administrative Appeals Tribunal (AAT) has backed the Australian Securities and Investment Commission (ASIC) decision to permanently ban former Astarra director Eugene Liu from providing financial services.

CBA appoints litigators as customer advocates

LAURA MILLAN  |  MONDAY, 3 NOV 2014
Commonwealth Bank (CBA) has appointed three law firms as independent customer advocates for its Open Advice Review compensation program.

Asteron ends business relations with 134 rogue advisers

LAURA MILLAN  |  FRIDAY, 31 OCT 2014
Asteron Life has stopped distributing its products among 134 rogue advisers last year, executive general manager Jordan Hawke confirmed.

UK advice giant deVere enters Australia

MARK SMITH  |  THURSDAY, 30 OCT 2014
One of the world's largest independent financial advisory organisations, deVere Group, is set to launch in Australia targeting British expats.

Cormann to welcome cyclist advisers at FPA conference

LAURA MILLAN  |  TUESDAY, 28 OCT 2014
Financial planners who pedal for 1,050 km -from Melbourne to Adelaide via the Great Ocean Road- will be greeted at their arrival by the financial planning community and by guest of honour, Senator Mathias Cormann.

Spring FG to pursue more acquisitions

LAURA MILLAN  |  MONDAY, 27 OCT 2014
Spring Financial Group has appointed corporate adviser KTM Capital to explore further acquisitions, shortly after buying Pink Diamond Financial Group and Moneytree Partners Group.

Government clarifies adviser register funding

LAURA MILLAN  |  MONDAY, 27 OCT 2014
The government's public register of financial advisers will raise $5 million over the next four years by increasing the Australian Financial Services (AFS) licensee annual lodgement fee with the Australian Securities and Investments Commission (ASIC).

Arthur's back. Wait, no he's not

COLIN BRINSDEN, AAP ECONOMICS CORRESPONDENT  |  FRIDAY, 24 OCT 2014
The Abbott government's announcement of an improved register for the beleaguered practitioners was marred by an embarrassing blunder.

Funding for the government's adviser register unclear

LAURA MILLAN  |  FRIDAY, 24 OCT 2014
How the public register of financial advisers will be funded remains unclear, with the government saying that the money will come via a $5 hike in the annual lodgement fee for Australian Financial Services (AFS) licensees

Government says no to CBA Royal Commission

LAURA MILLAN  |  FRIDAY, 24 OCT 2014
The government has not accepted a recommendation by the Senate Economics Committee to open a Royal Commission to investigate the financial planning scandals within Commonwealth Bank (CBA).