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Financial Planning

Planners need to shape up: Corbett

MICHAEL HOBBS  |  FRIDAY, 30 NOV 2007
People view the financial planning industry with cynicism because advisers aren't proficient and the level of disclosure surrounding advice fees is inconsistent across the industry, Roger Corbett, company director and former chief executive of Woolworths ...

Suncorp Aus equities team sets up boutique

Suncorp Investment Management suffers a big blow after its top-ranked Australian equities team, in charge of more than $5 billion in funds, resigned to start a boutique.

BT float sold out

Westpac closed its shareholder offer of shares in BT Investment Management Limited yesterday, ahead of the December 3 closing date, after receiving "strong support" from its shareholders.

Women priced out of life insurance

MICHAEL HOBBS  |  THURSDAY, 29 NOV 2007
More than two in five women with dependents have no life insurance because many perceive purchasing life insurance to be a costly, time-consuming exercise, according to an Allianz report.

SOA at half price

The Financial Planning Association (FPA) has unveiled a simplified Statement Of Advice (SOA) which cuts planner preparation time by as much as 50 per cent.

T-Charter has limitations

MICHAEL HOBBS  |  THURSDAY, 29 NOV 2007
Super funds must understand the T-Charter document regarding transition managers, although a positive step, fails to provide adequate standards to evaluate transition managers, according to Russell Investments.

Fix your interest

Suncorp has launched an online savings account that allows account holders to name how much interest they want to earn on their money.

Cofunds accomodate fixed fee for service

MICHAEL HOBBS  |  WEDNESDAY, 28 NOV 2007
One of the largest platforms in the UK, Cofunds, has added extra features to its platform to serve planners who only charge fixed fees instead of commissions.

Futures contracts director caught without AFSL

ASIC has taken a court order against a Tasmanian-based company and director for providing financial training in futures contracts without the proper financial licence.

PI increase sparks debate

MICHAEL HOBBS  |  WEDNESDAY, 28 NOV 2007
CHOICE, the independent body representing consumers has thrown its support behind ASIC's proposed changes to professional indemnity (PI) insurance required by financial planners and other AFS licensees.