Chinese investors stake their Westpoint claim
20 March 2007
A second group of Westpoint investors has launched proceedings against financial advisers that got them involved in the failed property group…
Life Insurance
Regulation still a burden: FPA
13 March 2007
Excessive regulation remains a burden on the financial services industry and requires a collaborative effort to untangle, according to the Financial Planning Association…
Industry funds demand advice laws
13 March 2007
Financial planners have rejected suggestions their priorities need to be defined by law…
Baby Boomers have a super future
13 March 2007
They may have been born into a very different world, but the nation’s Baby Boomers are expected to retire into the lap of luxury, according to a new report…
PI exclusions not PC: FPA
06 March 2007
Restrictions on professional indemnity policies are setting up financial planners and their clients for a heavy fall, according to the Financial Planning Association…
Valued advice pays off
06 March 2007
The FPA has launched its Value of Advice Awards for 2007…
New blood for IFSA
06 March 2007
The Investment and Financial Services Association has appointed two new members to its 14-person board…
FPA pushes into risk business
27 February 2007
The Financial Planning Association has launched a new risk sub-committee to ensure that financial planning advice does not exclude business and life insurance risks…
… and bares its teeth
27 February 2007
The FPA has expelled one member and fined another over their advice to investors in the failed Westpoint property group…
Victorian firm faces Westpoint music
20 February 2007
A boutique Victorian financial planning firm is the third of what could be many to face court over advice to invest in the failed Westpoint property group…
AMP reviews not so super advice
20 February 2007
AMP has extended an olive branch to 35,000 clients by offering reviews of possibly tainted superannuation advice under changes designed to appease the corporate watchdog…
Super CEO resigns
20 February 2007
The head of Australia’s superannuation lobby group, Association of Superannuation Funds of Australia CEO Philippa Smith, has resigned…
FPA wants rethink on sales recommendation
13 February 2007
The FPA shares NIBA’s opposition to the Federal Government’s proposed FSRA refinements dealing with sales recommendations…
FPA aims for recruitment success
13 February 2007
The FPA has moved into the recruitment sector by launching a website facility for employers and job seekers in the financial planning industry…
FICS wants to be an ombudsman
06 February 2007
The Financial Industry Complaints Service is contemplating a name change as part of a push to highlight its independence, and spokesman Troy Hunter says the organisation is…
Zurich No 1 for life risk
06 February 2007
Financial advisers have named Zurich Financial Services Australia the best provider of life risks in the country for the third consecutive year, but competition between providers is tighter…
Life insurers buoyed by figures
06 February 2007
The Australian life insurance industry is continuing to grow…
Code gets clean bill of health
30 January 2007
Despite harsh criticism from ASIC and just about everyone else over the behaviour of some financial planners, a review of the planners’ code of practice is showing plenty of improvement…
FPA considers regulation possibilities
30 January 2007
The FPA has submitted its response to the Federal Government’s planned overhaul of financial services regulation. Parliamentary Secretary to the Treasurer Chris Pearce released an options paper in November, detailing possible changes to legislation…
Communication vital, Pearce tells planners
28 November 2006
The future of the financial planning industry lies in the value of advice provided and how advisers communicate with consumers, according to Parliamentary Secretary to the Treasurer…