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Financial Planning

HNW investors dumping hedge funds in favour of PE

ALEX DUNNIN  |  THURSDAY, 22 JUN 2006
High net worth (HNW) investors are diversifying their investments away from equities and property but underperforming hedge funds have pushed them into the private equity sector.

Plan B refutes first mover claims on fee for service

KATE HAGE  |  THURSDAY, 22 JUN 2006
Perth based financial planning group Plan B has refuted "first mover" claims made by MLC's high end financial planning group Godfrey Pemboke, who last week touted their switch to a purely fee for service remuneration model as a first in the industry.

Budget transitional arrangements for over 65s

ALEX DUNNIN  |  WEDNESDAY, 14 JUN 2006
The Treasurer today announced transitional provisions to apply to the proposed $150,000 annual cap on post-tax contributions while also adjusting the payment rules for people aged 65 and over.

MLC claims "first mover" on "fee for service"

KATE HAGE  |  WEDNESDAY, 14 JUN 2006
NAB/MLC have announced that their high-end financial planning group, Godfrey Pembroke, will mandate that all planners be remunerated purely by fee for service, believing it is a "first move" for a major player in the industry that has become caught up ...

Accountants need to be accountable too

Accountancy firm accountantsRus is urging people to assess their own accountant every five years if they want to get the best service.

Budget reforms exacerbate risks for Gen L: Asteron

KATE HAGE  |  TUESDAY, 13 JUN 2006
Financial planning group Asteron is commissioning a study on what it says is the biggest gap in the recent Budget - how Gen-L who are already in retirement will outlive their superannutaion savings.

Self-congratulatory advisers still ignoring lower end market

KATE HAGE  |  FRIDAY, 9 JUN 2006
Advisers were giving themselves a pat on the back yesterday over newly commissioned research that showed consumers were satisfied with their level of advice, but many consumers say they are still left wanting for broader advice at the lower end of the ...

Profit sharing a win-win for AFS

Advisory group Australian Financial Services (AFS) is growing at a rate of at least 20 practices a year thanks to its highly successful profit sharing model.

Govt will not ban commissions: Pearce

KATE HAGE  |  WEDNESDAY, 7 JUN 2006
The Government will not step in and ban commission-based remuneration, said the Parliamentary Secretary to the Treasurer, Chris Pearce, who urged the advisory industry to sort it out among themselves.

Small personal loans for low income earners: ANZ

ANZ has teamed up with non-profit religious group The Brotherhood of St Lawrence to help low-income earners gain access to small personal loans.