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Financial Planning

Sinodinos holds strong on FoFA regs despite legal concerns

LAURA MILLAN  |  TUESDAY, 18 FEB 2014
Assistant Treasurer Arthur Sinodinos remained resolute about his plan to introduce the amendments to the Future of Financial Advice (FoFA) via regulations "to the extent legally possible," despite some industry opposition.

Praemium launches SMSF functionality

STAFF WRITER  |  TUESDAY, 18 FEB 2014
Praemium is set to launch its self-managed superannuation fund (SMSF) functionality after beginning a beta trial in mid-2013.

FoFA reform brings general advice into the spotlight

LAURA MILLAN  |  MONDAY, 17 FEB 2014
The proposed amendment to Future of Financial Advice (FoFA) that exempts general advisers from conflicted remuneration could see a return to commissions according to the Opposition, despite some industry bodies arguing that these claims are "misconceived."

Aged care likely to cost more after July 1

LAURA MILLAN  |  MONDAY, 17 FEB 2014
Aged care is likely to get more expensive from July 1, 2014, with the introduction of legislation that will calculate fees through assets and income, rather than income alone.

Lawyer questions legality of FoFA amendments

JAMES FERNYHOUGH  |  MONDAY, 17 FEB 2014
The government's proposed amendments to the Future of Financial Advice (FoFA) reforms could be deemed legally "invalid" and "susceptible to challenge in the courts" if they are pushed through via regulatory change rather than legislation, law firm Arnold ...

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.