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Financial Planning

BT Wrap adds Legg Mason real income fund

MELANIE TIMBRELL  |  MONDAY, 6 AUG 2012
The BT Wrap platform has added the Legg Mason Australian Real Income Fund on the back of increased adviser demand for income options.

Market Wrap

AAP  |  MONDAY, 6 AUG 2012
The Australian market looks set to open higher following a strong surge on Wall Street on Friday after better-than-expected jobs figures boosted sentiment.

A question of survival

BEN COLLINS  |  FRIDAY, 3 AUG 2012
Lawmakers have stepped up and have responded to the history of product flogging in wealth management, leading to an inflection point where the only fund managers that will survive are those willing to reinvent their business.

Annuities regaining acceptance: Challenger

ALEX DUNNIN  |  FRIDAY, 3 AUG 2012
Life annuities sales have increased rapidly following the GFC's onslaught on retirement assets, but investors and advisers are still wary about what happens to their capital if they don't live long enough to exhaust the annuity.

Direct investors prefer scaled advice

MELANIE TIMBRELL  |  THURSDAY, 2 AUG 2012
Almost 60% of direct investors are interested in scaled advice, with the majority of those preferring to receive that advice from a financial adviser rather than their super fund.

UK consumers won't pay for advice

ALEX DUNNIN  |  WEDNESDAY, 1 AUG 2012
Fee for service will increase the UK's 'advice gap', said consultancy firm Deloitte after analysing the results of a consumer survey into whether consumers would be willing to pay up-front for advice.

Independent dealer groups on efficiency drive

MELANIE TIMBRELL  |  TUESDAY, 31 JUL 2012
Against the backdrop of FOFA and a new cost approach to advice, independent dealer groups are increasingly focused on efficiency and supporting clients across segments.

North to offer bank deposit rebates

LINDA HAUSKEN  |  MONDAY, 30 JUL 2012
AMP is set to offer clients a rebate on term deposit administration fees on its North platform until the end of the year.

SFG rolls out FOFA-ready MDA

MELANIE TIMBRELL  |  THURSDAY, 19 JUL 2012
SFG Australia has rolled-out FOFA-ready managed portfolio and dynamic portfolio update services to its advice network.

AFA releases draft code of conduct

BEN COLLINS  |  THURSDAY, 19 JUL 2012
The Association of Financial Advisers has released a member consultation paper outlining their draft professional adviser code of conduct.