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Financial Planning

Certified financial planners report higher profitability

LAURA MILLAN  |  FRIDAY, 14 FEB 2014
A global survey commended by owner of the international Certified Financial Planner (CFP) certification program found that CFPs report higher profitability and client satisfaction.

Matrix to focus on attracting aligned advisers

LAURA MILLAN  |  FRIDAY, 14 FEB 2014
Matrix Financial Solutions will be focusing on strategies to attract advisers from aligned dealer groups after the resignation of its managing director Rick Di Cristoforo.

BT announces upgrades to ageing Wrap platform

MARK SMITH  |  FRIDAY, 14 FEB 2014
BT is building a host of enhancements to its 13 year-old BT Wrap platform, with the first upgrade expected in the coming months.

Federation added to Australian Unity platform

HARRY PAGE  |  FRIDAY, 14 FEB 2014
Federation Managed Accounts (Federation) have been added to the Australian Unity Personal Financial Services' (AU PFS) approved platform list.

FPA's Ask an Expert week sees 150 inquiries

LAURA MILLAN  |  THURSDAY, 13 FEB 2014
The Financial Planning Association (FPA) registered over 150 consumer questions submitted to advisers during the second edition of its Ask an Expert week.

ASIC cancels Capital Advisers' licence

LAURA MILLAN  |  THURSDAY, 13 FEB 2014
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian Financial Services (AFS) licence of Capital Advisers.

FPA slams detractors of best interest amendment

LAURA MILLAN  |  WEDNESDAY, 12 FEB 2014
The Financial Planning Association (FPA) has stated that "consumers have nothing to fear from the proposed amendments" that will remove a sub-section of the Future of Financial Advice (FoFA) legislation referring to the best interest duty.

Bowen's FoFA fears "complete rubbish": AFA

LAURA MILLAN  |  WEDNESDAY, 12 FEB 2014
The Association of Financial Advisers (AFA) has slammed comments by Shadow Treasurer Chris Bowen that proposed amendments to the Future of Financial Advice (FoFA) regulation may make Storm or Trio Capital cases "more likely" as "complete rubbish."

Industry funds oppose bachelor degree for general advisers

LAURA MILLAN  |  TUESDAY, 11 FEB 2014
Industry funds have opposed a degree requirement for general advisers and have asked for them to be included in research for future amendments to RG146.

FSC joins calls for tax deductible advice

MARK SMITH  |  MONDAY, 10 FEB 2014
The Financial Services Council (FSC) has recommended the government implement tax deductions for those seeking financial advice.