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Financial Planning

BT upgrades EOFY platform tools

LAURA MILLAN  |  THURSDAY, 15 AUG 2013
BT Financial has upgraded its Asgard and BT Wrap platforms with a focus on the end of financial year solutions for advisers.

Trio director strikes back and takes APRA to court

LAURA MILLAN  |  THURSDAY, 15 AUG 2013
Former Trio Capital director David Millhouse is to counterattack the Australian Prudential Regulation Authority (APRA) decision to start proceedings in the Federal Court to disqualify him from financial services.

AFS advisers denied access to brokerage account

LAURA MILLAN  |  WEDNESDAY, 14 AUG 2013
The Federal Court of Australia has denied access by former Australian Financial Services Group (AFS) advisers to the money in a brokerage account of the group, which would pay for some of the money owed to advisers.

APRA takes Trio director to Court

LAURA MILLAN  |  TUESDAY, 13 AUG 2013
The Australian Prudential Regulation Authority (APRA) has started proceedings in the Federal Court of Australia seeking the disqualification of former Trio Capital director David Millhouse.

Court ruling on Storm, "a blow" to consumer action

LAURA MILLAN  |  TUESDAY, 13 AUG 2013
The Federal Court's decision to approve the appeal by the Australian Securities and Investments Commission (ASIC) on the settlement between Macquarie Bank and the victims of Storm Financial is "a serious blow to direct consumer action," the litigator ...

NAB confirms redundancies in wealth division

LAURA MILLAN  |  MONDAY, 12 AUG 2013
National Australia Bank (NAB) has confirmed redundancies in a number of roles within its wealth management division following a strategy to digitalise the business.

FoFA FDS uncertainty remains

LAURA MILLAN  |  MONDAY, 12 AUG 2013
The Future of Financial Advice (FoFA) regulation needs more changes to eliminate grey areas, but any modifications will have to be legislated to be meaningful.

Accountants expected to flood advice space

LAURA MILLAN  |  MONDAY, 12 AUG 2013
An increasing number of accountants are expected to enter the financial planning space after realising that the effort it takes to get a limited licence is almost the same as it takes to get a full one.

Macquarie and Storm victims settlement "wrong": Court

LAURA MILLAN  |  MONDAY, 12 AUG 2013
The Federal Court of Australia has determined that "a substantial wrong" occurred on May 2013 when a judged approved the settlement between Macquarie Bank and the victims of the Storm Financial fraud.

Election result to shape the industry: FPA

LAURA MILLAN  |  FRIDAY, 9 AUG 2013
The result of the federal election is critical and will shape the financial services industry for future, Financial Planning Association (FPA) manager of Policy and Conduct Dante De Gori said.