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Financial Planning

Advisers leave China and turn to US growth

LAURA MILLAN  |  FRIDAY, 15 NOV 2013
US strength is piquing Australian investor interest in global equities, with financial advisers encouraging clients to reduce exposure in China and turn to US assets.

Sinodinos hints at relaxing conflicted remuneration rules

MARK SMITH  |  THURSDAY, 14 NOV 2013
Assistant Treasurer Arthur Sinodinos has suggested that some forms of remuneration currently regarded as conflicted may be allowed under the government's amendments to the Future of Financial Advice (FoFA) reforms.

Asteron encourages advisers to go digital

LAURA MILLAN  |  THURSDAY, 14 NOV 2013
Asteron Life is encouraging its advisers to go digital by offering an extra 10% commission in the first year to financial planners who write new business using the online application process.

SMSF trustees suffer "unacceptably poor advice"

LAURA MILLAN  |  WEDNESDAY, 13 NOV 2013
Self-managed super fund (SMSF) trustees are suffering "an unacceptably high level of poor advice" when it comes to set up and administering their funds.

Hood Sweeney merges with Shearer + Elliss

MARK SMITH  |  WEDNESDAY, 13 NOV 2013
Professional services and advice firm Hood Sweeney has merged with accounting firm Shearer + Elliss.

AIOFP members to undertake compliance review

LAURA MILLAN  |  TUESDAY, 12 NOV 2013
Members of the Association of Independently Owned Financial Professionals (AIOFP) will be undertaking compliance reviews under a new partnership with two service providers.

Costs of new SMSF regulation expected to be "minimal"

LAURA MILLAN  |  MONDAY, 11 NOV 2013
The Australian Securities and Investments Commission (ASIC) expects that the industry will implement the new self-managed super funds (SMSF) proposals "with minimal cost and disruption."

Advice insto ownership steps up post GFC

ALEX DUNNIN  |  MONDAY, 11 NOV 2013
One-quarter of financial advisers are in licensees that have changed ownership since the GFC and 80% of affected advisers have gone into advice groups owned by the big six bancassurance groups, reveals the 2013 Rainmaker Financial Planning Report.

Internet chosen ahead of professionals for advice

MARK SMITH  |  MONDAY, 11 NOV 2013
When Australians are thinking of changing one of their financial products, they look to virtually all other sources of information before enlisting the help of a professional adviser, according to new research from life insurer TAL.

Government to amend FoFA by the end of year

LAURA MILLAN  |  FRIDAY, 8 NOV 2013
The Coalition government will amend the Future of Financial Advice (FoFA) regulation before the end of the year and will draft it into legislation by early February 2014.