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Financial Planning

UK bans commission payments from products

MICHAEL HOBBS  |  TUESDAY, 30 MAR 2010
In a seminal move, the UK financial services regulator has banned financial advisers from accepting commissions for recommending a product from 2012.

Can an outsider transform ipac financial planning?

MICHELLE BALTAZAR  |  TUESDAY, 30 MAR 2010
Can a top travel executive help lead a $5.5 billion financial planning business? That's the question advisers asked when financial planning group ipac appointed former American Express executive, Libby Roy, as the new head of its advice arm.

Aussie planners overworked: survey

PRESS RELEASE  |  TUESDAY, 30 MAR 2010
A survey found 25 per cent of financial planners work more than 50 hours a week - six hours more than the Australian average and nine hours more than other developed nations.

Navigator tops best platform list

RUTH LIEW  |  MONDAY, 29 MAR 2010
Navigator has been named the highest-rated platform for overall functionality - beating FirstWrap, Macquarie Wrap and Asgard eWrap, according to a new report.

Asgard spends big on platform upgrades

MICHAEL HOBBS  |  FRIDAY, 26 MAR 2010
BT Financial Group-owned Asgard has spent more money on its investment platforms in the past 18 months than ever as part of a strategy that will see its Master Trust, Elements and eWrap platforms move under the one administration platform.

Guardian signs Custom Solutions

PRESS RELEASE  |  THURSDAY, 25 MAR 2010
Colonial First State's Custom Solutions platform has signed a white label agreement with Suncorp Group-owned Guardian Financial Planning.

Van Eyk head of research resigns

RUTH LIEW  |  TUESDAY, 23 MAR 2010
Nigel Douglas has left his head of research post at van Eyk and has taken up a role at Perpetual.

E*Trade opens to overseas markets

PRESS RELEASE  |  MONDAY, 22 MAR 2010
E*Trade Australia customers can invest in a number of global markets including the New York Stock Exchange and Hong Kong Stock Exchange using the same processes as trading on the ASX.

ASIC a step closer to Storm resolution

ASIC RELEASE  |  FRIDAY, 19 MAR 2010
ASIC has completed a major phase of its investigation into failed Storm Financial and is entering the next part of its investigation, aimed at achieving a commercial resolution for investors.

SA adviser banned for no AFSL

ASIC RELEASE  |  THURSDAY, 18 MAR 2010
ASIC has banned South Australian planner Steven Edward Fleetwood from providing financial services for five years, after giving out trading and advice services without having an Australian Financial Services Licence.