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Financial Planning

Planners should be fiduciaries: IFSA

ALEX DUNNIN  |  THURSDAY, 19 NOV 2009
IFSA chief executive John Brogden said financial planners should have fiduciary responsibilities to always act in their clients' best interests, regardless of how they are remunerated.

Coalition against commissions

RUTH LIEW  |  WEDNESDAY, 18 NOV 2009
A coalition of industry bodies, including CHOICE, Industry Super Network and the Australian Council of Trade Unions, has launched a national advertising campaign targeting regulatory reform that abolishes commission-based remuneration for planners.

AMP selects AFG for mortgage aggregation

RUTH LIEW  |  TUESDAY, 17 NOV 2009
AMP Financial Planning has appointed Australian Finance Group to provide mortgage aggregation services - a move that diversifies its previous internal mortgage aggregation structure.

WA rep banned

MICHELLE BALTAZAR  |  MONDAY, 16 NOV 2009
ASIC has permanently banned Jason William Cox, of St James, Western Australia, from providing financial services.

Hillross buys Rabo Financial Advisors

MICHAEL HOBBS  |  FRIDAY, 13 NOV 2009
Hillross Financial Services has bought Rabobank Australia & New Zealand's Rabo Financial Advisors, in a deal that sees the bank's financial planning arm move to the Hillross brand in just a few weeks.

AXA planners may not need to rebrand: AMP

MICHAEL HOBBS  |  THURSDAY, 12 NOV 2009
AXA Australia's financial planning network may not have to rebrand under the AMP name, except for the financial planning network bearing the French-based group's name, if the merger proposal is successful, according to Craig Dunn, chief executive at ...

ING improves OneAnswer platform

COMPANY RELEASE  |  WEDNESDAY, 11 NOV 2009
ING Australia's OneAnswer platform has enhanced its online functionality, access to ING MoneyForLife and an expanded investment menu.

Opt out, bailed out

MICHELLE BALTAZAR AND RUTH LIEW  |  TUESDAY, 10 NOV 2009
The latest ruling against three people posing as "financial advisers" when they weren't licensed as advisers at all exposes the flaw in the current legislative regime where unlicensed professionals can operate outside strict compliance laws.

AMP eyes seasoned planners

COMPANY RELEASE  |  WEDNESDAY, 4 NOV 2009
As the war for talent continues in the planning sector, AMP extends its training program, initially designed for career switchers, to a new program that could appeal to experienced planners keen to start their own practice.

Man and CS launch managed account service

MICHAEL HOBBS  |  WEDNESDAY, 4 NOV 2009
Man Investments and Credit Suisse have teamed up to launch a managed accounts service to institutional investors worldwide.