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Vamos takes up ASFA post

07 August 2007

Former insurance broker and financial services regulation expert Pauline Vamos will be the new CEO of the Association of Superannuation Funds of Australia…

Pearce backs commission payments

07 August 2007

Parliamentary Secretary to the Treasurer Chris Pearce has backed the use of commission payments in the financial services industry, warning practitioners about political and…

Disclosure documents too long, complex

07 August 2007

Financial planners are pressing for shorter and simpler disclosure documents amid new research claiming more than three-quarters of customers say the mandatory advice is too long…

Planners wary of PI rule

31 July 2007

The introduction of mandatory professional indemnity insurance for holders of financial services licences won’t prevent corporate collapses or root out rogue elements in the industry…

Planners’ association scrutinises members

24 July 2007

Scrutiny over the practices of financial planners is set to tighten, with the Financial Planning Association announcing it will establish a new conduct review group…

FPA offers free advice

24 July 2007

Win/win idea of the week: Financial planners are coming to the aid of drought-stricken farmers across the country…

Finsia education sale brings in new blood

17 July 2007

Financial Services Institute of Australasia CEO Brian Salter will leave the organisation once the sale of its education arm to US publisher Kaplan is completed…

Finsia urges sustainability reporting

03 July 2007

The financial services sector is urging business to incorporate sustainability reports in company structures to curb climate change…

FPA warns on ‘too good’ investments

03 July 2007

Overseas tax havens and large tax refunds are among dodgy investment schemes offering lucrative returns that should be ignored, the Financial Planning Association has warned…

Reforms make for cheaper advice: FPA

26 June 2007

Financial advice will be cheaper and more accessible following last week’s Parliamentary passing of laws streamlining regulation, according to the Financial Planning Association…

Succession planning the weak link for planners

26 June 2007

Succession planning and spurring interest in risk-specialist careers are at the forefront of concerns for the financial planning industry, according to a specialist recruiter…

Finsia members support Kaplan sale

19 June 2007

Most members of the Financial Services Institute of Australasia have endorsed the proposed sale of the financial services education business to newspaper group Kaplan for $36 million…

Waivers could protect clients: planners

19 June 2007

Protecting consumers from “mezzanine” investment products could be achieved through disclaimers accepting liability for financial planning recommendations…

FPA welcomes SOA extension

19 June 2007

The Financial Planning Association has welcomed a decision by the corporate regulator to extend the deadline for provision of a statement of advice to 30 days…

FICS upholds Westpoint complaints

13 June 2007

The Financial Industry Complaints Service panel has upheld the first claims from Westpoint investors and has ordered the property group to pay up…

FPA argues against criminal sanctions

05 June 2007

Criminal sanctions on financial planners who fail to give clients a statement of advice or financial services guide within the current timeframes are excessive, unjust and…

Finsia sale in doubt

29 May 2007

Industry practitioners are leading a backlash against the $36 million sale of the Financial Services Institute of Australia education wing, claiming the sale is premature and lacks due diligence…

IFSA still working on sales recommendation

29 May 2007

The two peak financial services bodies have welcomed the introduction of the Simpler Regulatory System Bill to Parliament, but the Investment and Financial Services Association CEO Richard Gilbert says he will continue to work with the Federal Government on areas such as the sales recommendation…

Local publisher bids for Finsia

22 May 2007

The $36 million sale of the education business of the Financial Services Institute of Australasia has taken a dramatic turn with Sydney-based Fairfax Business Media seeking…