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Financial Planning

TPB releases guidance on conflict of interest

LAURA MILLAN  |  TUESDAY, 28 JAN 2014
The Tax Practitioners Board (TPB) has focused its first document outlining guidance for the Tax Agent Services Act (TASA) 2009 on the management of conflicts of interest.

Planners shy away from margin lending advice

LAURA MILLAN  |  TUESDAY, 28 JAN 2014
Financial planners are shying away from margin lending advice following falls in the margin lending market in the second and third quarters of 2013.

Tarrant appeals AAT banning order

LAURA MILLAN  |  FRIDAY, 24 JAN 2014
Tarrants managing director Ross Tarrant has appealed the Administrative Appeals Tribunal (AAT) decision to ban him from providing financial services for seven years.

Trio victims condemn Astarra director jail release

LAURA MILLAN  |  FRIDAY, 24 JAN 2014
The Victims of Financial Fraud (VOFF) have condemned the release of Astarra Asset Management former director Shawn Richard after two years and six months in prison.

Advisers should train to fight tax evasion: FPA

LAURA MILLAN  |  THURSDAY, 23 JAN 2014
The Australian Transaction Reports and Analysis Centre (AUSTRAC) should train financial advisers on identifying and avoiding cases of tax evasion and money laundering, the Financial Planning Association (FPA) said.

Advisers and accountants clash over SMSFs

LAURA MILLAN  |  WEDNESDAY, 22 JAN 2014
Accountants are feeling challenged that they cannot set up self-managed superannuation funds (SMSF) without a license, at the same time advisers are struggling to gain clients' trust when it comes to SMSFs, Crowe Horwath head of SMSF and Superannuation ...

Fears to FoFA amendments "overplayed": AFA

LAURA MILLAN  |  WEDNESDAY, 22 JAN 2014
Fears that the amendments to the best interest duty of the Future of Financial Advice (FoFA) legislation will affect the quality of advice are "overplayed," the Association of Financial Advisers (AFA) said.

Hillross awards advisers amid AMP restructure

LAURA MILLAN  |  WEDNESDAY, 22 JAN 2014
AMP-owned Hillross has awarded the professionalism of three of its financial advisers through the annual 2013 Hillross Awards Program.

Synchron in recruitment mode after grandfathering changes

LAURA MILLAN  |  TUESDAY, 21 JAN 2014
Synchron will begin to hire more advisers after the Coalition government announced changes to the grandfathering provision of the Future of Financial Advice (FoFA) legislation, which prevented advisers to keep grandfathered commissions when changing ...

FPA condemns FoFA fear mongers

JAMES FERNYHOUGH  |  FRIDAY, 17 JAN 2014
The Financial Planning Association of Australia (FPA) has urged planners to "rise above the noise of tired, product-centric arguments" in the early days of the watered-down Future of Financial Advice (FoFA) reforms.