ASIC praises fee-for-service model
07 February 2006
ASIC is publicly praising financial services companies that chose to adopt “fee-for-service” models rather than commission-based methods, saying the payment method is far better…
Life Insurance
AAMI signs on to research centre
31 January 2006
Promina subsidiary AAMI has become the first corporate sponsor of the recently opened Melbourne Centre for Financial Studies…
FPA appoints two independent directors
31 January 2006
The Financial Planning Association has appointed two independent directors in a bid to strengthen its board and bring some new brainpower to the association…
IFSA gives thumbs up to super splitting
13 December 2005
The industry has welcomed the passage through the Senate of legislation to allow couples to split their superannuation…
Second financial literacy survey launched
29 November 2005
Parliamentary Secretary to the Treasurer Chris Pearce MP has launched a second survey of adult financial literacy commissioned by the ANZ Bank…
A conflict of interest, in principle
29 November 2005
After six months of member consultation, the Financial Planning Association board has focused its draft principles on conflicts of interest to four key areas…
FPA moves on conflict of interest principles
22 November 2005
After two years in the making, the Financial Planning Association has decided on the “essence” of its new conflicts of interest principles…
Campaign gets more money
22 November 2005
The FPA is set to sink another $775,000 into its high-profile branding and advertising campaign promoting financial planners…
Mortgage brokers spread their wings
22 November 2005
Australian Finance Group, Australia’s largest wholesale mortgage broker, is set to float early next year as it expands its services to become a broad-based…
Institutes form financial superpower
15 November 2005
The newly merged Securities Institute of Australia and the Australasian Institute of Banking and Finance have united as the Financial Services Institute of Australasia…
AFA announces award winner, and a new course
15 November 2005
The Association of Financial Advisers announced the 2005 Zurich/AFA Adviser of the Year at their annual conference gala dinner in Melbourne last week…
Regulating the regulators
15 November 2005
The Finance Industry Council of Australia – formed in June to combine the thinking of the Australian Bankers Association, Australian Finance Conference…
FPA gets the equation right
08 November 2005
The Financial Planning Association has made an impressive comeback from its $2 million deficit last financial year, announcing a $1.9 million surplus for the year to June 30…
KAZ develops super SMS tool
08 November 2005
While most superannuation companies utilise telecommunications technology with their members, Telstra subsidiary KAZ has taken communication methods within the industry…
Investors unhappy: Tower not a high riser
08 November 2005
Last week NZ-based insurer and funds manager Tower said its full-year operating profit will be as much as 75% higher than last year’s…
Brokers should expand their interests, says Zurich CEO
25 October 2005
Brokers have “many opportunities” to access new financial services markets as Australia’s population ages, says Zurich Australia CEO Tom Brown…
FPA urges Government to look at young people’s super
25 October 2005
The Financial Planning Association (FPA) wants to encourage young people to boost their superannuation savings, and is encouraging the Government to modify the tax treatment…
Advisers still have problems, says ASIC
11 October 2005
The financial advice industry needs to engage in “open and frank dialogue” with regulators and consumers and work on its strategy for building the industry…
Finsuper merges with STA
11 October 2005
Financial services industry-specific super fund Finsuper plans to merge with the giant Superannuation Trust of Australia…
New board members for FPA
11 October 2005
The Financial Planning Association has elected new members to its board…