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Financial Planning

SPAA approves government's response to Trio reports

LAURA MILLAN  |  TUESDAY, 30 APR 2013
The self-managed super funds Professionals' Association of Australia (SPAA) has come out in support of the government's response to the parliamentary inquiry into the collapse of Trio Capital, and the report into compensation arrangements for consumers ...

Count eyes accounting firms

LAURA MILLAN  |  TUESDAY, 30 APR 2013
Count Financial (Count) sees great opportunity for accountants to provide financial advice, and is training 11 accounting firms to become autorised representatives of Count.

ASIC MDA review requires further clarity: IMAP

ALICE URIBE  |  TUESDAY, 30 APR 2013
The Institute of Managed Account Professionals (IMAP) have maintained that the regulator's insistence on an annual review for managed discretionary account operators (MDAs) is excessive, and will push for a two-year requirement.

Countplus makes expansion plans

ALICE URIBE  |  MONDAY, 29 APR 2013
Countplus has foreshadowed the listing of a new accounting-only vehicle on the ASX.

ASIC winds up 3 fraudulent QLD financial services companies

LAURA MILLAN  |  MONDAY, 29 APR 2013
The Supreme Court of Queensland has ordered three financial services companies to be wound up after they defrauded approximately $1 million between May and October 2012.

Fair Finance Australia pays infringement notice penalty

LAURA MILLAN  |  FRIDAY, 26 APR 2013
The Australian Securities and Investments Commission (ASIC) has issued an infringement notice to Foresters Community Finance, which trades as Fair Finance Australia for false or misleading advertising.

MFAA to train advisers on direct property for SMSF

LAURA MILLAN  |  FRIDAY, 26 APR 2013
The Mortgage and Finance Association of Australia (MFAA) has announced that it will train credit advisers on the opportunities that direct property investments may offer self- managed super funds (SMSF).

BDO appointed administrator of the AFS Group

LAURA MILLAN  |  WEDNESDAY, 24 APR 2013
BDO Australia has been appointed as the voluntary administrator of the Australian Financial Services (AFS) Group.

Austock Group company secretary resigns

ALICE URIBE  |  WEDNESDAY, 24 APR 2013
Austock Group company secretary Amanda Gawne has resigned, to be replaced by the company's chief financial officer Enzo Silverii.

Practitioners ill equipped for business sale

MARK SMITH  |  WEDNESDAY, 24 APR 2013
Market uncertainty and regulatory strain are leading to an increasing number of financial planners considering selling their practices, according to Centurion Market Makers director Chris Wrightson.