Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Financial Planning

Onus on consumers to ask about commissions: Sinodinos

JAMES FERNYHOUGH  |  WEDNESDAY, 12 MAR 2014
Consumers must take responsibility for finding out whether their financial adviser has a conflict of interest, according to Assistant Treasurer Arthur Sinodinos.

FoFA amendments will reduce quality of advice: lawyer

JAMES FERNYHOUGH  |  TUESDAY, 11 MAR 2014
The government's proposal to amend the best interest duty section of the Future of Financial Advice (FoFA) reforms are "inconsistent with the nature of a best interests duty" and will "reduce the overall quality of financial advice", according to legal ...

Tax advisers in need of additional PI insurance

LAURA MILLAN  |  TUESDAY, 11 MAR 2014
The Tax Practitioners Board (TPB) said advisers who provide tax advice need to extend their professional indemnity (PI) insurance coverage to meet the organisation's minimum requirements.

Advisers to complete 60 extra education hours under TASA

LAURA MILLAN  |  MONDAY, 10 MAR 2014
The Tax Practitioners Board (TPB) has proposed that registered tax advisers complete a minimum of 60 hours of continuing professional education (CPE) in three years as part of the Tax Agent Services Act (TASA) 2009 legislation.

Advice industry under-prepared for younger client base

MARK SMITH  |  FRIDAY, 7 MAR 2014
The professional advice industry is facing a seismic demographic shift that it is ill-prepared for, according to the chief executive of Pershing Advisor Solutions, Mark Tibergien.

Providers not meeting demand for aged care products

LAURA MILLAN  |  TUESDAY, 4 MAR 2014
Product providers are being slow at providing advisers with tools adapted to the new aged care legislation coming in on July 2014.

AFA Plan For Life - Life Company Awards

STAFF WRITER  |  TUESDAY, 4 MAR 2014
The annual AFA / Plan for Life - Life Company Awards was created to award the best life companies of the year in eight different categories.

Compliance costs Aussie advisers $15k versus global peers

MARK SMITH  |  TUESDAY, 4 MAR 2014
The extra time Australian advisers spend on administration and compliance compared to global advisers is costing them more than $15,000 a year, according to research by CoreData.

Advice numbers and client claims hit PIS results

LAURA MILLAN  |  MONDAY, 3 MAR 2014
The fall in advice numbers and the increase in client claims hit Professional Investment Services (PIS) revenue, which fell 7% during the first half of financial year 2014.

YBR doubles wealth management revenue

LAURA MILLAN  |  FRIDAY, 28 FEB 2014
Yellow Brick Road (YBR) has more than doubled its wealth management revenue in the six months to December 30, 2013.