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Financial Planning

AFA posts $273,135 operational loss

ANDREW MCKEAN  |  TUESDAY, 8 NOV 2022
The Association of Financial Advisers (AFA) has reported an operating loss of $273,135, an improvement of $94,655 from last year's result, as it gears up for the vote on its proposed merger with the Financial Planning Association of Australia (FPA).

FPA membership declines, deficit materialises

ANDREW MCKEAN  |  THURSDAY, 3 NOV 2022
The Financial Planning Association of Australia's (FPA) membership has fallen to 10,954 members from 11,811 last year, and the association has recorded a before-tax deficit of $1.2 million for the year ended June 30.

QAR leaves insurance commissions alone

JAMIE WILLIAMSON  |  THURSDAY, 3 NOV 2022
A new paper from the Quality of Advice Review recommends life insurance commissions be retained, but additional disclosure rules be introduced to ensure clients consent to the payments.

North adds to investment menu

CHLOE WALKER  |  WEDNESDAY, 2 NOV 2022
North has partnered with BlackRock, Morningstar and InvestSense to add a further 12 managed portfolios to its investment offering.

Apex Group brings Global Compliance Solutions to Australia

CASSANDRA BALDINI  |  TUESDAY, 1 NOV 2022
Apex Group has launched its Global Compliance Solutions offering to the Australian market.

2022 Power50 advisers revealed

STAFF WRITER  |  MONDAY, 31 OCT 2022
For the ninth year running, Financial Standard has named the 50 most influential financial advisers in Australia.

Australia among top 10 financially inclusive markets: Research

CASSANDRA BALDINI  |  THURSDAY, 27 OCT 2022
Australia has been ranked the seventh most financially inclusive market out of 42 around the globe.

Retirees are silent casualties of inflation: Challenger

ANDREW MCKEAN  |  MONDAY, 24 OCT 2022
Inflation is posing a greater risk to Australian retirees than ever, necessitating the development of new approaches to manage retirement income threats, according to a Challenger report.

Quantifying the value of a financial adviser

ANDREW MCKEAN  |  MONDAY, 24 OCT 2022
Russell Investments Value of an Adviser report says many investors are being pressured into sub-optimal investment decisions but having a financial adviser could add more than 4% to total portfolio value.

Colonial First State partners with Bravura, Tech Mahindra

CHLOE WALKER  |  MONDAY, 24 OCT 2022
Colonial First State (CFS) is making significant changes to the FirstChoice platform, entering a strategic partnership with Bravura Solutions and Indian IT company Tech Mahindra.