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Financial Planning

ASIC orders further PIS scrutiny over compliance concerns

LAURA MILLAN  |  WEDNESDAY, 17 JUL 2013
Professional Investment Services (PIS) will be subject to a monitoring program by an independent expert to ensure that its advice processes meet the standards set out in a major enforceable undertaking (EU).

ASIC's powers heightened under FoFA

LAURA MILLAN  |  WEDNESDAY, 17 JUL 2013
The Australian Securities and Investments Commission (ASIC) will act more strongly on cases of misconduct in the wake of Future of Financial Advice (FoFA) the regulator said.

OneVue strenghtens platform offering

LAURA MILLAN  |  WEDNESDAY, 17 JUL 2013
OneVue has added two new investment options to its Unified Managed Account platform as part of its strategy to ensure greater compliance with the Future of Financial Advice (FoFA) reforms.

RSM Bird Cameron expands through Queensland merger

MARK SMITH  |  WEDNESDAY, 17 JUL 2013
Mid-tier accounting firm RSM Bird Cameron is merging with Brisbane-based firm MHM Accountants.

TPB starts consultation on TASA

LAURA MILLAN  |  TUESDAY, 16 JUL 2013
The Tax Practitioners Board (TPB) has started consultations with stakeholders to clarify any uncertainty around the amendments to the Tax Agent Services Act 2009 (TASA).

Self-education cap "short sighted": SPAA

LAURA MILLAN  |  TUESDAY, 16 JUL 2013
The SMSF Professionals' Association of Australia (SPAA) has criticised the Government's proposal to cap tax deductions for professional self-education at $2000.

WB advisers join CBA's Financial Wisdom

LAURA MILLAN  |  MONDAY, 15 JUL 2013
The 23 authorised representatives of WB Financial Management have joined the Commonwealth Bank-owned Financial Wisdom dealer group.

Storm claim unfair and baseless: CBA

LAURA MILLAN  |  MONDAY, 15 JUL 2013
Commonwealth Bank (CBA) has strongly reacted to the news that Storm Financial victims' lawyer will start legal proceedings against the $136 million settlement that the bank reached with the Australian Securities and Investments Commission (ASIC) last ...

Research houses flag 'rating shopping' to advisers

MARK SMITH  |  MONDAY, 15 JUL 2013
Research houses Zenith, van Eyk and Morningstar will make it easier for advisers to see when a fund manager pulls out of the rating process following new regulatory guidelines aimed at preventing investment houses from shopping around for favourable ...

Clients want a "social" relationship with advisers

ALICE URIBE  |  MONDAY, 15 JUL 2013
More than half of adviser clients would like to communicate with their adviser via social media platforms, LinkedIn's Sascha Ambrose told the audience at the first day of the AdviserEdge Social Advice Summit in Melbourne.