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Financial Planning

PIPA suspends Money Choice director

JAMES FERNYHOUGH  |  MONDAY, 20 MAY 2013
Property Investment Professionals of Australia (PIPA) has suspended Money Choice director Matthew George after it was found he had failed to comply with credit laws.

Technology drives US client adviser loyalty

ALEX DUNNIN  |  MONDAY, 20 MAY 2013
Most advice clients are much more loyal to their advisers than the firm they represent, and the way highly regarded advisers use technology is a major driver of this loyalty, reveals a US study.

Planner numbers drop on FoFA changes

ALICE URIBE  |  FRIDAY, 17 MAY 2013
Overall numbers of financial planners have dropped by 2% from a 2012 high point of 18,545 in 2012 according to recent Rainmaker research.

Enshrinement of "financial planner" closer to becoming law

MARK SMITH  |  THURSDAY, 16 MAY 2013
The terms "financial planner" and "financial adviser" took a step closer to being enshrined in law after a Parliamentary Joint Committee (PJC) was asked to provide a report on the issue.

Advice proposition props up mortgage broker market share

MARK SMITH  |  THURSDAY, 16 MAY 2013
A focus on providing customers with tailored advice has helped the mortgage broking industry retain its market share in the face of strong competition from the lending market, according to Mortgage & Finance Association of Australia (MFAA) chief executive ...

ASIC sends warning to property spruikers

JAMES FERNYHOUGH  |  THURSDAY, 16 MAY 2013
The Australian Securities and Investment Commission (ASIC) has revoked the credit licence of Money Choice Pty Ltd after an investigation found the company had failed to comply with credit laws.

ASIC drops charges against Westpoint directors

MARK SMITH  |  WEDNESDAY, 15 MAY 2013
Proceedings against former Westpoint directors Norman Carey and Graeme Rundle have collapsed after the regulator discovered a surprise document, two weeks into the trial.

Five new funds added to FirstChoice platform

MARK SMITH  |  TUESDAY, 14 MAY 2013
Colonial First State (CFS) has added five new investment options to its FirstChoice investment platform.

BT expands Wrap Capital Protection funds

LAURA MILLAN  |  MONDAY, 13 MAY 2013
BT Financial Group has expanded the list of managed funds eligible for Wrap Capital Protection as a response to the demand for more retirement-based products.

No middle ground post-FoFA

LAURA MILLAN  |  MONDAY, 13 MAY 2013
Will FoFA be the death-knell for mid-size financial services companies? Industry experts predict that some segments could lose out come July.