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Financial Planning

Advisers to justify platform choice under best interest

LAURA MILLAN  |  FRIDAY, 6 SEP 2013
Financial planners will have to justify platform choice under the best interest duty provision within the Future of Financial Advice (FoFA) regulation.

Australia to host international advice meeting

LAURA MILLAN  |  FRIDAY, 6 SEP 2013
Australia will host the meeting of the Financial Planning Standards Board (FPSB) for the first time this October.

Advisers' "bickering" looks unprofessional

LAURA MILLAN  |  FRIDAY, 6 SEP 2013
Advisers should try to be less emotional and stop "bickering" with each other if they want to look professional to their clients, a Financial Planning Association (FPA) board member said.

Anne Street SMSF advice falls under ASIC radar

LAURA MILLAN  |  THURSDAY, 5 SEP 2013
Anne Street Partners Financial Services' advice to self-managed super fund (SMSF) clients has raised concerns from the Australian Securities and Investments Commission (ASIC).

FoFA changes, an improvement to advice businesses

LAURA MILLAN  |  THURSDAY, 5 SEP 2013
Features such as the fee for service provision in the Future of Financial Advice (FoFA) legislation are an improvement to financial planning businesses and are attractive to customers, some advisers are saying.

Wickham Securities chairman banned for two years

LAURA MILLAN  |  WEDNESDAY, 4 SEP 2013
The chairman of the collapsed lender Wickham Securities has been banned from financial services for two years and seven months.

WealthSure undertakes major reform of the business

LAURA MILLAN  |  TUESDAY, 3 SEP 2013
WealthSure is undertaking a full reform of its business after it entered into an enforceable undertaking following concerns by the Australian Securities and Investments Commission (ASIC) over poor compliance and failure to monitor advisers' actions.

ASIC accepts enforceable undertaking from WealthSure

LAURA MILLAN  |  MONDAY, 2 SEP 2013
WealthSure, WealthSure Financial Services and the former chief executive of both companies, Darren Pawski, will be put into an enforceable undertaking (EU) until 2018.

Kenyon Partners renames to Connect Financial

LAURA MILLAN  |  MONDAY, 2 SEP 2013
Kenyon Partners has changed its name to Connect Financial Service Brokers in a move to better reflect the company's role after a change of ownership.

ASIC concerned over "pockets" of poor SMSF advice

LAURA MILLAN  |  MONDAY, 2 SEP 2013
The Australian Securities and Investments Commission (ASIC) has found "concerning pockets of poor advice" which involve recommendations that self-managed super fund (SMSF) investors gear into real property.