… 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…
Life Insurance
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…
FPA revamping compliance approach
28 November 2006
The FPA is set to amend its compliance and complaints framework, the Complaints and Disciplinary Scheme…
Valued advice proves a winner
28 November 2006
Financial planners have celebrated the best of their own with the FPA inaugural Value of Advice Awards…
Life insurance statistics boom
21 November 2006
The Australian Prudential Regulation Authority has released the Life Office Market Report, which covers the life insurance sector…
FPA cautious on compulsory PI
14 November 2006
The Financial Planning Association of Australia is cautiously reviewing moves by the Federal Government to make professional indemnity insurance compulsory for financial planners…
FPA wants co-regulatory model
07 November 2006
The Financial Planning Association says the regulatory system for financial planners in Australia should be a co-regulatory model…
FPA turns a profit
07 November 2006
The FPA has reported a $606,000 surplus for the 2006 financial year, helping to return its reserves to 2003 levels…
New professional services manager for FPA
31 October 2006
Educationist Deen Sanders has been hired by the Financial Planning Association to manage a new division that incorporates three of the association’s areas of work…
Life insurance stable for 2007
31 October 2006
Australia’s life insurance industry is in a strong position going into next year, with ratings agency Standards & Poor’s predicting further profitability…