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Financial Planning

CBA wants Senate to fix corporate super advice

LAURA MILLAN  |  MONDAY, 12 MAY 2014
Commonwealth Bank (CBA) has expressed concern that the ban on conflicted remuneration will affect corporate superannuation advisers and has asked the Senate inquiry into the Future of Financial Advice (FoFA) to find a way to solve the issue.

Research houses to blame for advice catastrophes: AIOFP

LAURA MILLAN  |  FRIDAY, 9 MAY 2014
The Association of Independently Owned Financial Professionals (AIOFP) said that research houses' conflicts of interest when rating products are one of the reasons behind the failure of some funds.

Westpac weighs in on FoFA debate

LAURA MILLAN  |  FRIDAY, 9 MAY 2014
Westpac said that the government's proposed changes to the Future of Financial Advice (FoFA) legislation are "necessary" to ensure consumer protection.

Stakeholders stage FoFA confrontation in Senate submissions

LAURA MILLAN  |  WEDNESDAY, 7 MAY 2014
A new round of submissions to the Senate inquiry into the Future of Financial Advice (FoFA) amendments has seen consumers, academics and industry bodies holding increasingly opposing positions.

YBR poised to acquire mortgage aggregator

LAURA MILLAN  |  WEDNESDAY, 7 MAY 2014
Wealth management firm Yellow Brick Road (YBR) will grow its distribution channel with 700 new mortgage broker groups, following the acquisition of Vow Financial Holdings.

Fiducian acquisition adds $66 million in FUA

LAURA MILLAN  |  WEDNESDAY, 7 MAY 2014
Fiducian Group has acquired a financial planning business that will add $66 million to its funds under advice.

New business targets investors' bad habits

JAMES FERNYHOUGH  |  TUESDAY, 6 MAY 2014
As the number of individual investors skyrockets with the growth of the self-managed super fund (SMSF) sector, a new business is about to be launched which aims to help investors overcome bad psychological habits.

New reports to stir financial planning perfect storm

LAURA MILLAN  |  MONDAY, 5 MAY 2014
New information about the sales-driven culture inside the Commonwealth Bank's financial planning unit has prompted the Financial Planning Association (FPA) to leap to advisers' defense.

Poll shows low esteem for financial advisers

JAMES FERNYHOUGH  |  MONDAY, 5 MAY 2014
Almost 70% of people aged between 35 and 55 do not think they would have benefitted from professional financial advice, a survey conducted by REST Industry Super has found.

FPA creates Gwen Fletcher Memorial Award

LAURA MILLAN  |  MONDAY, 5 MAY 2014
The Financial Planning Association (FPA) will recognise the highest achieving student in the CFP Certification Program each semester with the newly-created Gwen Fletcher Memorial Award.