Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Financial Planning

Industry bodies ask PJC for TASA extension

LAURA MILLAN  |  THURSDAY, 13 JUN 2013
Industry bodies have asked the Parliamentary Joint Committee (PJC) for a 12 month extension to allow enough time for the industry to comply with the Tax Agent Services Act (TASA) 2009 bill.

Big groups court AFS advisers with inducements

LAURA MILLAN  |  THURSDAY, 13 JUN 2013
Australian Financial Services (AFS) Group practices have been offered substantial financial deals to join bigger groups after the group entered into administration, according to a former AFS chief executive.

BDMs facing major changes without industry support

LAURA MILLAN  |  THURSDAY, 13 JUN 2013
Business development managers (BDMs) and practice development managers (PDMs) are facing similar challenges as advisers, but they lack support from the industry, research shows.

AIOFP to provide Instreet structured products

LAURA MILLAN  |  WEDNESDAY, 12 JUN 2013
The Association of Independently Owned Financial Professionals (AIOFP) has partnered with Instreet Investment to offer structured products to its members.

Macquarie Wrap launches FDS

LAURA MILLAN  |  WEDNESDAY, 12 JUN 2013
Macquarie Wrap has launched a fee disclosure statement (FDS) functionality ahead of the start of the Future of Financial Advice (FoFA) reforms.

ASIC continues proceedings against Wellington Capital

LAURA MILLAN  |  TUESDAY, 11 JUN 2013
The Australian Securities and Investments Commission (ASIC) has taken a new step on its legal proceeding against Wellington Capital, the responsible entity of the Premium Income Fund (PIF) in the Federal Court of Australia.

PJC to hold TASA hearing tomorrow

LAURA MILLAN  |  TUESDAY, 11 JUN 2013
The Parliamentary Joint Committee (PJC) on Corporations and Financial Services will hold its first hearing on the amendment of the Tax Agent Services Act (TASA) tomorrow.

Employed advisers could face $200k liability under FoFA

JAMES FERNYHOUGH  |  TUESDAY, 11 JUN 2013
Employed financial advisers will be personally liable for serious breaches of the Best Interests Duty if they are authorised representatives (ARs), according to Charmian Holmes, solicitor director at The Fold Legal (the Fold).

Lonsec and Milliman partner for post-retirement research

MARK SMITH  |  TUESDAY, 11 JUN 2013
Investment research house Lonsec and global actuarial and consulting firm Milliman have launched an initiative to focus on the changing retirement income landscape in Australia.

ASIC bans former CEO for 'misleading activities'

JAMES FERNYHOUGH  |  FRIDAY, 7 JUN 2013
Murray John Priestley, former chief executive of Lifestyle Group, has been banned from providing financial services for three years.