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Financial Planning

NZICA and ICAA members approve merger plans

MARK SMITH  |  MONDAY, 4 NOV 2013
Members of the Institute of Chartered Accountants Australia (ICAA) and the New Zealand Institute of Chartered Accountants (NZICA) have voted in favour of a proposal to merge the two bodies.

Count's research head stands down amid restructure

ALICE URIBE  |  FRIDAY, 1 NOV 2013
Count Financial (Count) research head Brendan Irwin has stood down as a result of a restructure of its research and product team.

ASIC asks for public adviser register to track "bad apples"

LAURA MILLAN  |  FRIDAY, 1 NOV 2013
The Australian Securities and Investments Commission (ASIC) has asked for a public register of financial advisers detailing licensee records so the regulator and investors can easily identify "bad apples."

Republicans vote that advisers have no best interest duty

ALEX DUNNIN  |  FRIDAY, 1 NOV 2013
In scenes reminiscent of Australia's looming political debate to wind back the adviser best interest duty, the Republican-dominated Congress in the US has voted for a bill that allows advisers to act without putting their clients' best interests first.

ASIC submits broad performance review to Senate inquiry

LAURA MILLAN  |  THURSDAY, 31 OCT 2013
The Australian Securities and Investments Commission (ASIC) has provided the Senate inquiry on the regulator's performance with an extensive document that broadly reviews its work.

University academics to access advice research grants

LAURA MILLAN  |  THURSDAY, 31 OCT 2013
University academics will be able to access financial planning research grants up to $5,000 under an agreement between the Financial Planning Education Council (FPEC) and the Financial Planning Association (FPA).

Court dismisses case against Trio director after APRA EU

LAURA MILLAN  |  THURSDAY, 31 OCT 2013
The Federal Court has ordered legal proceedings against former trio director David Millhouse to be dismissed after the Australian Prudential Regulation Authority (APRA) accepted a voluntary enforceable undertaking from him.

Law firm questions CBA compensation for Nguyen victims

LAURA MILLAN  |  WEDNESDAY, 30 OCT 2013
Law firm Maurice Blackburn has questioned Commonwealth Bank's compensation to clients affected by inappropriate advice within the bank's financial planning unit given by adviser Don Nguyen.

CBA could face legal action over Operation Lantern

LAURA MILLAN  |  WEDNESDAY, 30 OCT 2013
The Commonwealth Bank (CBA) may have broken the law when commissioning a security firm to conduct Operation Lantern, a surveillance operation on anti-banking lobbyist Michael Fraser.

Accountants on look-out for SMSF-expert advisers

JAMES FERNYHOUGH  |  TUESDAY, 29 OCT 2013
Accountants are increasingly forming loyal relationships with trusted self-managed super fund (SMSF) advisers, according to a recent report by Investment Trends and OneVue.