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Financial Planning

FoFA freeze a consequence of pro-consumer campaign: Silk

LAURA MILLAN  |  MONDAY, 24 MAR 2014
AustralianSuper chief executive Ian Silk said that Senator Mathias Cormann's decision to freeze the Future of Financial Advice (FoFA) regulation is a consequence of "a surprisingly strong campaign" against "elements" that were pushing the legislation ...

Cormann freezes FoFA amendments

MARK SMITH, ALICE URIBE  |  MONDAY, 24 MAR 2014
Finance Minister Mathias Cormann will temporarily pause its plans to push the Future of Financial Advice (FoFA) reforms through parliament.

Whistleblower claims the existence of 100 CBA rogue advisers

LAURA MILLAN  |  MONDAY, 24 MAR 2014
Former Commonwealth Financial Planning adviser and whistleblower Jeffrey Morris has "no doubt" that a proper investigation by the Australian Securities and Investments Commission (ASIC) would reveal at least 100 current or former rogue CBA advisers.

AMP likely to cut hundreds of Melbourne jobs: FSU

LAURA MILLAN  |  MONDAY, 24 MAR 2014
Amid its rolling restructure AMP is set to axe more staff and is looking at cutting hundreds of jobs from its Melbourne office, the company's second largest outside of the Sydney head office.

RI Advice launches estate planning service

JAMES FERNYHOUGH  |  MONDAY, 24 MAR 2014
Financial Planning dealer group RI Advice Group has launched an Estate Planning Program to be used by its network of 170 plus advisers.

Senate Economics Committee to hold inquiry on FoFA bill

LAURA MILLAN  |  FRIDAY, 21 MAR 2014
The bill amending the Future of Financial Advice (FoFA) legislation will need to go through a Senate Economics Committee inquiry before it is tabled in the Senate.

Count Financial launches its Accountants' Solution

ALICE URIBE  |  THURSDAY, 20 MAR 2014
Commonwealth Bank aligned deal group Count Financial (Count) has launched a solution for accountants wanting to provide self-managed superannuation (SMSF) advice following the removal of the accountants' licensing exemption.

Government limits general advice exemption in FoFA amendments

LAURA MILLAN  |  THURSDAY, 20 MAR 2014
The Future of Financial Advice (FoFA) amendments bill that was introduced into the Parliament yesterday has limited the general advice exemption, but does not explicitly forbid commissions.

Professional planners don't accept commissions: FPA

ALEX DUNNIN  |  WEDNESDAY, 19 MAR 2014
Professional financial planners do not accept commissions because the conflicts of interest commissions create cannot be managed, says Matthew Rowe, chair of the Financial Planning Association.

XPLAN named top planning application

STAFF WRITER  |  WEDNESDAY, 19 MAR 2014
XPLAN has been named the top rated Australian planning application for 2013 in the latest Investment Trends Planning and Advice Applications Report.