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Financial Planning

ING Australia to correct unit pricing errors

ING Australia and six of its major subsidiaries will provide up to $25 million in compensation to affected investors for past unit pricing errors.

Asgard re-aligns products into high touch low touch

Asgard has re-aligned its products into high touch low touch streams in response to growing acceptance that the advice aspect is the major differentiator across product streams and service models.

SMSF adviser ordered to repay clients

The Australian and Securities Investments Commission (ASIC) has ordered a self-managed superannuation fund (SMSF) adviser to repay his clients a total of $77,000.

Government steps up financial literacy campaign

The Financial Literacy Forum together with the Federal Government has stepped up its $41 million financial literacy campaign adopting a more coordinated approach to help Australians improve their financial skills.

ASFA welcomes government super measures

The Association of Superannuation Funds (ASFA) has welcomed the government's legislation to reduce red tape for employers who miss superannuation payment deadlines.

AXA fine-tunes Bernstein mandates

AXA has reviewed its global equity value mandates to bring them into line with more standard Bernstein approaches.

Online customer checking tool launched by Deloitte

Responding to the need to protect institutions and consumers from identity theft and money laundering fraud, Deloitte has launched a compliance tool that enables customer identities to be quickly checked.

Financial advice quality is improving: CPA Australia

One third of investors believe the quality of financial advice has improved in recent years, according to a research report detailing consumer attitudes to financial planning that has just been released by CPA Australia.

Too few funds applying for RSE licenses

With a fast approaching June 2006 deadline for Registrable Superannuation Entity (RSE) Licensing, the number of applications being received by the Australian Prudential Regulation Authority (APRA) is still very low.

Fidelity releases HR toolkit for advisers

Funds management group Fidelity is set to launch a series of practice management software programs designed to help financial planners run their business more efficiently.