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Financial Planning

Inquiry sees spike in demand for legal action against CBA

LAURA MILLAN  |  WEDNESDAY, 2 JUL 2014
Law firms working to start a class action against Commonwealth Bank's (CBA) financial planning businesses have seen a spike in the number of affected consumers willing to join the legal cause.

Australia and New Zealand accountants launch joint brand

LAURA MILLAN  |  WEDNESDAY, 2 JUL 2014
Chartered Accountants Australia and New Zealand has been launched as a joint brand that brings together the Institute of Chartered Accountants Australia (ICAA) and the New Zealand Institute of Chartered Accountants (NZICA).

IOOF set to complete SFGA acquisition in August

LAURA MILLAN  |  TUESDAY, 1 JUL 2014
SFG Australia (SFGA) has made public an explanatory memorandum which outlines the details of the acquisition by IOOF Group and sets the implementation date for August 20, 2014.

Infocus and Patron deal puts new group in top ten

LAURA MILLAN  |  TUESDAY, 1 JUL 2014
The financial advice landscape is likely to be shaken up again by a merger between two medium-sized firms that would put the new group among Australia's top ten providers.

Platinum steps up focus on adviser market

MARK SMITH  |  TUESDAY, 1 JUL 2014
The Financial Planning Association (FPA) has revealed that Platinum Asset Management will be its main sponsor for its 2014 Professionals Congress in Adelaide in November.

TPB open for TASA registration from today

LAURA MILLAN  |  TUESDAY, 1 JUL 2014
Financial planners who provide tax financial advice can register from today with the Tax Practitioners Board (TPB) to comply with the Tax Agent Services Act 2009 (TASA).

AFA and ANZ Wealth search for tenth Rising Star

ALICE URIBE  |  TUESDAY, 1 JUL 2014
Nominations are now open for the tenth Association of Financial Advisers (AFA) Rising Star of the Year Award.

Former WealthSure financial adviser gets jail time for fraud

ALICE URIBE  |  TUESDAY, 1 JUL 2014
A former WealthSure financial adviser has been sentenced to 6 years and 2 months imprisonment after pleading guilty to charges brought by the Australian Securities and Investment Commission (ASIC), which included the transfer of $500,000 from clients' ...

FoFA future uncertain as Palmer threatens to join opposition

LAURA MILLAN  |  MONDAY, 30 JUN 2014
The government's efforts to give financial advisers more certainty by passing some of the Future of Financial Advice (FoFA) reforms through regulations could be in vain as Clive Palmer suggested his party, Palmer United, does not support the measures.

CBA needs to"lift its game": Treasurer

LAURA MILLAN  |  MONDAY, 30 JUN 2014
Treasurer Joe Hockey said Commonwealth Bank (CBA) needs to "lift its game" and added that the bank has handled the scandals within its financial planning businesses and the Senate investigation "appallingly."