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Financial Planning

Securities dealer scales back after ASIC review

LAURA MILLAN  |  THURSDAY, 4 APR 2013
Securities dealer Clearing & Settlement Services (CSS) has downsized its operations after the Australian Securities and Investments Commissions (ASIC) found it had failed to comply with conditions of its Australian Financial Services licence (AFSL).

Financial Wisdom launches discounted recruitment service

ALICE URIBE  |  THURSDAY, 4 APR 2013
Dealer group Financial Wisdom has launched a service to solve adviser recruitment issues in its aligned practices.

BGL extends contract note service to managed funds

MARK SMITH  |  WEDNESDAY, 3 APR 2013
BGL Corporate Solutions has added Aberdeen and Schroders to its contract note service.

Perpetual completes wrap platform overhaul

MARK SMITH  |  TUESDAY, 2 APR 2013
Perpetual has announced today that the overhaul of its portfolio wrap platform is now complete with group executive Mark Smith saying he expects substantial adviser growth over the next decade.

MDA guidance review will bring coherence and consistency

LAURA MILLAN  |  THURSDAY, 28 MAR 2013
Advisers and fund managers welcome the Australian Securities and Investments Commission (ASIC) review of Managed Discretionary Accounts (MDA) guidance as it will bring coherence and consistency to an under-regulated sector.

Admin costs rise four-fold off-platform: research

ALICE URIBE  |  THURSDAY, 28 MAR 2013
Advisers who choose to go off-platform when handling client investments could be hit with higher admin costs, in one case four times more compared with staying on-platform, research found.

UK adviser reforms drive out 9,400 advisers

ALEX DUNNIN  |  THURSDAY, 28 MAR 2013
The UK's Retail Distribution Review and its push to increase the professionalism of their adviser force has already lead to a 23% fall in the number of financial advisers.

Extension looks likely for adviser tax advice changes

ALICE URIBE  |  WEDNESDAY, 27 MAR 2013
The peak financial planning industry bodies are confident treasury will extend the deferment period of the application of the Tax Agents Services Act (TASA) to financial advisers.

Social networks boost demand for financial advice

LAURA MILLAN  |  WEDNESDAY, 27 MAR 2013
Social networks have made financial services more accessible and they have boosted the demand for advice, according to the latest data released by the Financial Planning Association (FPA).

FSC announces winners of insurance awards

LAURA MILLAN  |  WEDNESDAY, 27 MAR 2013
The Financial Services Council (FSC) announced the winners of its Life Insurance Industry Excellence Awards held last week.