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Financial Planning

ASIC slaps six year ban for MIS fraud

ASIC RELEASE  |  MONDAY, 24 AUG 2009
Mum-and-dad investors in South Australia have been caught out in a $15.2 million fraud carried out by yet another finance company operating without a financial services licence.

Bassanese opens ETF consultancy

MICHAEL HOBBS  |  FRIDAY, 21 AUG 2009
Economist and AFR columnist David Bassanese is banking on the popularity of exchange traded funds (ETFs) when he set up his new ETF research and consulting business for financial planners and self managed super fund (SMSF) trustees.

AMP FP to move to fee-for-service by June 2010

MICHAEL HOBBS  |  THURSDAY, 20 AUG 2009
AMP chief executive, Craig Dunn, said at the bank's half-year results presentation this morning its financial planning business will move to a "no commission" remuneration model by June next year.

Planner appetite for fixed income soar

RUTH LIEW  |  THURSDAY, 20 AUG 2009
CPI-linked bonds are hot on planners' watchlists - but many are still at a loss on how they can best access fixed income investments, according to FIIG Securities.

Gen Y have unrealistic investment expectations: research

MICHAEL HOBBS  |  TUESDAY, 18 AUG 2009
Gen-Y investors expect double-digit returns despite the fact that, on average, they hold a third of their investments in cash and are highly risk-averse, research shows.

AXA maintains 2012 planner recruitment target

RUTH LIEW  |  TUESDAY, 18 AUG 2009
Financial planning giant AXA Financial Planning is looking to boost its adviser numbers with 40 new employees next year - and is hungry to add another 168 advisers by 2012.

Actuaries call for advice 'stress test'

COMPANY RELEASE  |  MONDAY, 17 AUG 2009
The Institute of Actuaries of Australia is calling for the introduction of a 'personal stress test' that would measure the impact of adverse events on a person's financial position to be part of the advice process.

Westpac FP maintains focus on senior planners

MICHAEL HOBBS  |  MONDAY, 17 AUG 2009
Westpac's financial planning division is running behind its aspirational target to recruit 200 senior financial planners over three years. Despite this setback, the group has no plans to change its umbrella strategy..

Investors want more Centrelink

RUTH LIEW  |  FRIDAY, 14 AUG 2009
Investment growth may be important - but top of mind for many investors now is the fear that their age pension may be slashed by Centrelink, said Suncorp Financial Planning.

FPA and SPAA sign MOU

COMPANY RELEASE  |  WEDNESDAY, 12 AUG 2009
The industry body for self-managed super funds (SPAA) and for financial planners (FPA) have joined forces to develop policies that will help shape the SMSF sector.