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Financial Planning

Coalition confirms plans for FoFA amendments

LAURA MILLAN  |  TUESDAY, 9 JUL 2013
The Coalition has confirmed that it will amend the Future of Financial Advice (FoFA) regulation if it comes to power after the next federal elections.

ASIC bans Gateway Financial adviser permanently

LAURA MILLAN  |  MONDAY, 8 JUL 2013
The Australian Securities and Investments Commission (ASIC) has permanently banned a former Gateway Financial adviser, which is an authorised representative of Titanium Planners.

Kenyon Partners to get new name by October

LAURA MILLAN  |  MONDAY, 8 JUL 2013
Kenyon Partners is set to rename its business in October, the company's chief executive Paul Tynan has confirmed.

Corporate super advisers see revenue decline under FoFA

LAURA MILLAN  |  THURSDAY, 4 JUL 2013
The survival of corporate superannuation advice is at stake after the recent Future of Financial Advice (FoFA) and MySuper regulatory changes have made it difficult for advisers to secure revenue.

Lifewise joins independent dealer group

LAURA MILLAN  |  THURSDAY, 4 JUL 2013
Queensland-based Lifewise Wealth Protection has joint non-aligned dealer group Synchron.

HUB24 platform adds two dealer groups

LAURA MILLAN  |  THURSDAY, 4 JUL 2013
Investorfirst has added two new independent dealers to its HUB24 investment platform, which now has 42 financial planning groups.

FoFA still in need of changes: industry

LAURA MILLAN  |  WEDNESDAY, 3 JUL 2013
After the effort by the industry to comply with the Future of Financial Advice (FoFA) regulation, the organisations representing the financial services sector are asking for adjustments to FoFA.

More than 8,000 advisers using IRESS XPLAN

MARK SMITH  |  WEDNESDAY, 3 JUL 2013
More than 8,000 advisers have opted for IRESS' XPLAN-CommPay solution to meet the Fee Disclosure Statement (FDS) requirements brought in by the Future of Financial Advice (FoFA) reforms, the software provider has said.

IPA issues FoFA aligned draft standard

LAURA MILLAN  |  WEDNESDAY, 3 JUL 2013
The Institute of Public Accountants (IPA) has issued a draft document for a financial planning services standard alternative to the current APES 230, the standard for financial advice services by the Accounting Professional and Ethical Standards Board ...

Industry welcomes grandfathering extension

LAURA MILLAN  |  WEDNESDAY, 3 JUL 2013
The Association of Financial Advisers (AFA) has welcomed the Senate approval of the grandfathering regulation, one of the last pending aspects of the Future of Financial Advice (FoFA) regulation.