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Financial Planning

FPA slams industry fund 'one track agenda'

ELISE BURGESS, ALEX DUNNIN  |  THURSDAY, 24 FEB 2011
The Financial Planning Association (FPA) has weighed in on the opt-in arguments advocated by sections of the trade union superannuation movement, calling the action "alarmist" and part of the industry funds "one track agenda".

AMP steps up adviser support

ELISE BURGESS  |  WEDNESDAY, 23 FEB 2011
AMP has launched new technology communication tools and peer-to-peer workshops to provide greater support for its advisers.

Advisers must deliver alpha

ALEX DUNNIN  |  WEDNESDAY, 23 FEB 2011
To survive and thrive in a post-commission world, advisers will need to deliver alpha and be able to demonstrate it, according to research by Vanguard Investments.

Countplus float buoys half-year profits

ALISON BEVEGE  |  TUESDAY, 22 FEB 2011
Financial planning group Count Financial has more than doubled its net profit for the half-year to December thanks to the recent float of Countplus, it announced today.

Proposed reforms could hurt insurance levels: AFA

ALISON BEVEGE  |  TUESDAY, 22 FEB 2011
The Association of Financial Advisers (AFA) has called on Federal Finance Minister Bill Shorten to consider the impact of proposed financial reforms on life insurance levels.

Adviser banned for life

ALISON BEVEGE  |  TUESDAY, 22 FEB 2011
A financial adviser has been banned for life after using a retired faming couple's savings to fund a margin loan, ASIC said yesterday.

Poor advice fine to reach $200k

ELISE BURGESS  |  MONDAY, 21 FEB 2011
Financial advisers may soon find themselves facing tougher punishments if new legislation is passed next month, with five years jail time and up to $200,000 in fines for breaking industry laws.

Snowball expands 'segmented advice'

ELISE BURGESS  |  FRIDAY, 18 FEB 2011
Snowball Group marks 2011 as another year of providing more services in the area of 'segmented advice' after posting a healthy increase in its half-year profits.

DKN preps for growth despite profit fall

ELISE BURGESS  |  THURSDAY, 17 FEB 2011
DKN Financial Group presses on with its expansion strategy despite a fall in its profits in the half year, according to results released this morning.

Morningstar signs $35bn research deal with CFS

MICHELLE BALTAZAR  |  WEDNESDAY, 16 FEB 2011
Researcher Morningstar Australasia has stolen the march on rival S&P when it secured a research agreement with Colonial First State, providing managed fund research and other services to planning groups with a combined $35 billion of funds under advice.