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Financial Planning

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.

Accountants ready to access HUB24 platform

LAURA MILLAN  |  FRIDAY, 9 AUG 2013
Members of the National Tax Accountants Association (NTAA) will be able to access HUB24 after the organisation reached an agreement with the platform provider.

Law firm acquires wealth management business

MARK SMITH  |  THURSDAY, 8 AUG 2013
Listed law firm ILH Group has expanded into wealth management with the acquisition of Capricorn Investment Partners (CIPL).

Wealth Plus Solutions joins AMP's Genesys network

JAMES FERNYHOUGH  |  THURSDAY, 8 AUG 2013
Financial planning business Wealth Plus and three other advice practices have joined AMPs adviser dealer group, Genesys Wealth Advisers.

Future2 becomes FPA charitable foundation

LAURA MILLAN  |  THURSDAY, 8 AUG 2013
The Financial Planning Association (FPA) has formalised an agreement with the Future2 Foundation, which has now become its charitable foundation.

Rate cut impacts SMSFs, retirees

LAURA MILLAN  |  WEDNESDAY, 7 AUG 2013
The Reserve Bank of Australia (RBA) decision to cut the cash rate by 25 basis points may impact self-managed super funds (SMSF) and retirees, meaning that financial advisers may have to work with them to seek other sources of income.