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Financial Planning

Securitor to grow planner network

MATT WOODINGTON  |  FRIDAY, 29 APR 2011
Dealer group Securitor is looking to grow its network, while rolling out new initiatives to improve the efficiency of its existing businesses.

Accountants scope FOFA for opportunities

ELISE BURGESS  |  FRIDAY, 29 APR 2011
The Joint Accounting Bodies are scoping for new potential opportunities for accountants to provide 'non-product' financial advice to clients in light of the FOFA reforms.

Market volatility making boomers nervous

ELISE BURGESS  |  FRIDAY, 29 APR 2011
Baby boomers and their advisers are becoming increasing concerned about the effect of market volatility on traditional investments, according to a MetLife poll.

Opposition attacks opt-in concession

ALISON BEVEGE  |  THURSDAY, 28 APR 2011
Minister for Financial Services Bill Shorten has eased reforms on financial planners by extending the opt-in period but the Opposition has attacked, saying it would still cost an average firm $50,000.

Licensee tests offer planners protection

MATT WOODINGTON  |  THURSDAY, 28 APR 2011
Financial planners will have protection against fiduciary problems as licensees are to be subject to the same best interest tests, according to the Government's FOFA reforms.

Less conflict, more interest: FOFA

MICHELLE BALTAZAR  |  THURSDAY, 28 APR 2011
Despite some protests on the details of the proposed FOFA reforms, Assistant Treasurer Bill Shorten said the changes, particularly the ban on 'conflicted remuneration', can only improve the planning industry's public image and encourage more Australians ...

Super insurance commission ban not what it seems

ALEX DUNNIN  |  THURSDAY, 28 APR 2011
While banning group insurance commissions from retail super funds seems a big deal, reality is that most advisers don't make their living selling this type of insurance as they prefer traditional insurance sold outside super funds.

FOFA leaves consumers in the cold

MATT WOODINGTON  |  THURSDAY, 28 APR 2011
The interests of Australian consumers have been cast aside with the government failing to address the key issues with the latest announcement of FOFA reforms, according to the Association of Financial Advisers (AFA).

AXA name adviser of the year

ELISE BURGESS  |  WEDNESDAY, 27 APR 2011
AXA Financial Advice Network has awarded Paul Aspros of PSK Financial Services, the national annual adviser Gerald Lippman Perpetual Trophy.

West takes east-coast planners

ALISON BEVEGE  |  WEDNESDAY, 27 APR 2011
West Australian wealth management firm Plan B has begun a friendly takeover of financial planning dealership My Adviser, opening the door to a large network of eastern state advisory businesses.