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Financial Planning

CBA whistleblower casts doubts over compensation scheme

LAURA MILLAN  |  THURSDAY, 24 JUL 2014
Former Commonwealth Bank (CBA) planner and whistleblower Jeff Morris has expressed concern over a number of aspects of the bank's Open Advice Review program to compensate victims of bad advice.

Cbus and FPA sign adviser referral deal

LAURA MILLAN  |  WEDNESDAY, 23 JUL 2014
Industry super fund Cbus members will have access to Financial Planning Association (FPA) certified financial planners after the two organisations joined together to launch a referral program.

ASIC puts hold Custom Wealth's AFSL

STAFF WRITER  |  TUESDAY, 22 JUL 2014
Brisbane-based Custom Wealth Solutions has also lost its Australian financial services (AFS) licence for three months.

SMSF service industry comes of age: Survey

MARK SMITH  |  TUESDAY, 22 JUL 2014
A newly published survey of the self-managed super fund (SMSF) sector reveals a large, flourishing and enormously diverse industry, with no single business model dominating.

ASIC cancels 8 AFSLs after review

LAURA MILLAN  |  TUESDAY, 22 JUL 2014
Eight advice businesses have had their Australian financial services (AFS) licenses cancelled after an Australian Securities and Investments Commission (ASIC) review into licensees that failed to lodge audited annual statement.

BT asks for full adviser disclosure to consumers

LAURA MILLAN  |  MONDAY, 21 JUL 2014
BT Financial Group chief executive Brad Cooper said raising adviser education standards is not enough and demanded that consumers be able to get full access to information about all Australia's financial planners.

CBA to fund adviser education and association membership

LAURA MILLAN  |  FRIDAY, 18 JUL 2014
The Commonwealth Bank (CBA) has confirmed that it will provide funding to cover costs involved with the tougher adviser education standards announced last week.

SMSFs stung by $1M property Ponzi scheme

LAURA MILLAN  |  FRIDAY, 18 JUL 2014
Barry John Patrick, a 71-year-old man from Victoria, has been charged for illegally obtaining more than $1 million from self-managed super fund (SMSF) investors to fund property development.

AdviserEdge to "live build" advice website at 2014 conference

STAFF WRITER  |  FRIDAY, 18 JUL 2014
One advice practice will get the chance to have its social media strategy overhauled and website rebuilt as part of a "live build" feature at this year's AdviserEdge Social Advice Summit.

Australian Unity added 14 planning practices in a year

MARK SMITH  |  THURSDAY, 17 JUL 2014
Australian Unity has recruited 14 planning practices from across most mainland states in the past 12 months.