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Financial Planning

Industry hits out at Best Interest

CLAIRE MCGREAL  |  FRIDAY, 25 NOV 2011
The Financial Services Council has slammed the government's Best Interest Duty proposal as being "unworkable", warning that in its current form, would give rise to "significant unintended consequences".

FOFA Tranche 2 reforms tabled in Parliament today

ELISE BURGESS  |  THURSDAY, 24 NOV 2011
The FOFA Tranche 2 reforms were tabled in parliament this morning, gaining industry support and reinforcing the Government's speed to move these reforms through both houses.

rmg acquires Piersbridge Consultants

ELISE BURGESS  |  WEDNESDAY, 23 NOV 2011
rmg financial services has completed its third acquisition this year after joining with fellow Perth-based practice, Piersbridge Consultants, taking its adviser numbers to 15.

Ripoll defends FOFA integrity

ELISE BURGESS  |  MONDAY, 21 NOV 2011
A heated panel session between government and industry heavyweights about the FOFA reforms led to calls for a realistic debate and new government promises, with opt-in dominating the discussion.

FPA award winners embrace FOFA

ELISE BURGESS  |  MONDAY, 21 NOV 2011
The FPA Best Practice award winners are also those leading way in FOFA-compliant practices, with the association awarding those at the forefront of their industry.

IMAP: Make changes early to get FOFA ready

CLAIRE MCGREAL  |  FRIDAY, 18 NOV 2011
Financial advisers need to be implementing FOFA changes now in order to avoid confusion for clients or possible litigation down the road.

Advisers need to get wise to insurance turn offs, CommInsure

CLAIRE MCGREAL  |  FRIDAY, 18 NOV 2011
Financial advisers need to do more to switch Australians on to their insurance needs.

FOFA will pass: Shorten, FPA

ELISE BURGESS  |  FRIDAY, 18 NOV 2011
Minister for Financial Services and Superannuation Bill Shorten and the FPA agree that the FOFA reforms will pass through parliament, with the Minister urging planners to embrace change as a necessary survival tool for the betterment of the industry.

FPA welcomes standards

ELISE BURGESS  |  FRIDAY, 18 NOV 2011
A strong message of member support for education standards and professionalism along with encouragement to withstand the current industry turmoil was central at the opening session of the annual Financial Planning Association conference in Brisbane.

Planners lack social media commitment

ELISE BURGESS  |  FRIDAY, 18 NOV 2011
Planners and dealer groups are lacking social media commitment but there is plenty they can do about that today to start existing in this space, heard a packed and diverse crowd at a Brisbane planner session.