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Financial Planning

Issues beyond the FOFA horizon

ELISE BURGESS  |  WEDNESDAY, 18 JAN 2012
The Parliamentary Joint Committee submissions continue at a rapid pace with the Government receiving opinions both for and against the FOFA reforms package, yet a recent industry panel session looked at the issues facing the advice industry beyond FOFA ...

FINRA relaxes social media controls

ELISE BURGESS  |  WEDNESDAY, 18 JAN 2012
Australian financial planners may see some of their social media compliance issues lessen if Australian regulators follow FINRA's lead, after the US regulator proposed changes to its rulings to allow planners to communicate through social media without ...

Omniwealth provides planning tools for independents

ELISE BURGESS  |  THURSDAY, 15 DEC 2011
Independent advisers are being offered a safety line from wealth advisory group Omniwealth which launched a new dealer group website promoting best of breed services for advisers that want to maintain their independence.

ASIC releases FOFA guidance plan

ELISE BURGESS  |  TUESDAY, 13 DEC 2011
ASIC will release regulatory guidance on best interest duty, scaled advice, conflicted remuneration and ASIC powers before July 1 2012, the regulator said today.

Russell urges advisers to keep low value clients

ELISE BURGESS  |  TUESDAY, 13 DEC 2011
Advisers should consider their options before selling off their lower value clients, according to Russell Investments, with new alternatives to create a profitable relationship despite impending FOFA regulations.

New Count chief talks products

ELISE BURGESS  |  MONDAY, 12 DEC 2011
Newly-appointed chief executive of Count Financial, David Lane, is already planning new products and services for Count members with a keen eye on SMSF market access.

Tablets top adviser Christmas wish list: survey

ELISE BURGESS  |  FRIDAY, 9 DEC 2011
One in three financial advisers will buy or receive a smart phone or tablet this Christmas according to a Zurich survey, which concluded that the gap between technology and financial advice is closing.

AMP: Women putting advice on hold

RACHEL DAVIS  |  FRIDAY, 9 DEC 2011
The latest AMP Planner Protection Poll has found that 41.8% of financial planners polled believe the primary barrier to women seeking advice is the emphasis placed on their partner or spouse's finances.

Euro debt crisis has silver lining for advisers: PIMCO

ELISE BURGESS  |  THURSDAY, 8 DEC 2011
Australian financial advisers should not fear the ongoing European debt crisis if they play their cards right, according to PIMCO's US-based head of global and emerging markets product management, David Fisher.

Govt releases intra-fund advice rules

ELISE BURGESS  |  THURSDAY, 8 DEC 2011
Assistant Treasurer Bill Shorten has released details of the new superannuation trustee requirements around the delivery of intra-fund advice, today revealing certain advice areas excluded from the service.