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Financial Planning

Suncorp Life combines life risk, super and investments

CLAIRE MCGREAL  |  FRIDAY, 27 JAN 2012
Suncorp Life has created a new product and services business unit by combining its life risk and superannuation and investments functions under one roof, which has also seen a reshuffle of management staff.

FOFA 'unclear' on legal position of advisers

MELANIE TIMBRELL  |  FRIDAY, 27 JAN 2012
Advisers will need to have a clear understanding of the perimeters of client contracts under FOFA, said one expert in response to concerns from industry bodies that opt-in could expose advisers to litigious action from clients who failed to return paperwork.

Premium Wealth adds new practice to dealer network

ELISE BURGESS  |  WEDNESDAY, 25 JAN 2012
Premium Wealth Management has made another addition to its dealer group network with Pearman Financial Management joining its ranks and plans to continue to push for more firms to join its network.

Fixed Income Investment course launched for planners

CLAIRE MCGREAL  |  WEDNESDAY, 25 JAN 2012
Financial planners looking to brush up on their fixed income investment knowledge can sign up to a new course being run by fixed income broker FIIG Securities.

ASIC questioned over new powers

ELISE BURGESS  |  WEDNESDAY, 25 JAN 2012
ASIC faced questions over the potential risks in its proposed increase in powers under FOFA during the Parliamentary Joint Committee yesterday in a session where the regulator gave preliminary results to its planning shadow shop survey with "woeful" ...

Annual fee collation too complex: FPA to PJC

MELANIE TIMBRELL  |  TUESDAY, 24 JAN 2012
Chair of the Parliamentary Joint Committee on Corporations and Financial Services Bernie Ripoll has grilled the Financial Planning Association over claims the proposed annual Fee Disclosure Statement (FDS) as part of FOFA is unnecessary.

FOFA heats up competition for planners

ELISE BURGESS  |  TUESDAY, 24 JAN 2012
Financial planners may be squeezed out of the industry as competition heats up with the impending entry of accountants, stockbrokers and super funds, according to CoreData, with consolidation a likely outcome as smaller practices move to cut costs and ...

PJC hears FOFA lost in translation

MELANIE TIMBRELL  |  MONDAY, 23 JAN 2012
FOFA has lost its way, according to the AFA presentation to the Parliamentary Joint Committee on Corporations and Financial Services currently underway at NSW Parliament House in Sydney.

FSP reviews group terms, eyes recruits

ELISE BURGESS  |  MONDAY, 23 JAN 2012
Dealer group Financial Services Partners is reviewing its dealer group terms and adviser recruitment processes, with a focus on greater competition and service delivery, to be launched in February.

US planners want retirement product simplicity

ELISE BURGESS  |  THURSDAY, 19 JAN 2012
US FPA research shows adviser demand for a single retirement income planning product while systematic withdrawal was deemed the most effective in helping clients maintain retirement plans and lifestyle.