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Financial Planning

FPA, AFA to lobby MPs for TASA delay

LAURA MILLAN  |  MONDAY, 3 JUN 2013
The main financial advice associations will lobby members of Parliament today to delay the approval of tax amendments to the Tax Agents Services Act (TASA), amendments they believe will negatively affect financial advisers.

Planning firms mispriced on knowledge blacks spots

MARK SMITH  |  MONDAY, 3 JUN 2013
A lack of knowledge among vendors is leading to disparities in the prices being paid for planning practices and client books, according to Chris Wrightson, director of specialist business adviser and broking firm Centurian Market Makers.

AFS goes into liquidation

LAURA MILLAN  |  FRIDAY, 31 MAY 2013
The Australian Financial Services (AFS) Group has been placed into voluntary liquidation, according to the Australian Securities and Investments Commission (ASIC).

Advisers' Twitter usage doubles in 18 months

MARK SMITH  |  FRIDAY, 31 MAY 2013
Growth in social media usage by Australian financial advisers has far outstripped the growth experienced in the community overall, according to new statistics from Zurich Financial Services Australia (Zurich).

TASA now likely to include advisers by July 2013

LAURA MILLAN  |  THURSDAY, 30 MAY 2013
The Tax Agents Services Act (TASA) has been tabled to introduce a "financial adviser services" category for advisers and the measure is likely to start on July 1, 2013.

Platforms hold sway over fund access

MARK SMITH  |  THURSDAY, 30 MAY 2013
The lack of available funds on platforms, as well as the difficulty in being included, mean unlisted property funds remain only on the fringes of mainstream investment, a Property Investment Research (PIR) panel discussion has concluded.

Adviser "enshrinement" bill passes through lower house

ALICE URIBE  |  WEDNESDAY, 29 MAY 2013
The House of Representatives has passed the Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013 with amendments which enshrine the terms 'financial adviser' and 'financial planner' in law.

Planners must advise people, not portfolios

LAURA MILLAN  |  TUESDAY, 28 MAY 2013
Financial planners need to focus on their soft skills to address clients' problems, as they keep in mind that they servicing not just portfolios, but people, trusted advisers say in new research.

Deposits from adviser market boost ME Bank deposits

MARK SMITH  |  TUESDAY, 28 MAY 2013
Deposits from the adviser market have contributed to significant growth in customer deposits with ME Bank.

Direct insurance races for advised market share

LAURA MILLAN  |  MONDAY, 27 MAY 2013
Direct insurance is already having an impact on the advisory market share, with direct companies offering similar products at a lower cost.