Finding a regulation balance
23 May 2006
Financial Planning Week is under way, and Parliamentary Secretary to the Treasurer Chris Pearce is already out there spruiking the need for good financial advice and saving…
Life Insurance
Transparency for financial planners
23 May 2006
A key figure in the financial planning industry has called for more transparency in remuneration models…
Industry welcomes Budget changes
16 May 2006
Huge income tax cuts aside, the biggest surprise of this year’s Federal Budget was the new arrangements for superannuation…
Budget threat to financial planners
16 May 2006
The financial planning industry was surprised by Treasurer Peter Costello’s removal of end benefit tax from superannuation in the federal budget, FPA spokesman Jason Spits…
FPA flexes payment muscle
09 May 2006
The Financial Planning Association is pushing for acceptance of its advice-based fee model for financial planning by incorporating it with the recently released…
Finsia reduces board size
09 May 2006
The Financial Services Institute of Australasia held its first annual meeting last month and – in its final steps towards formalising the institute – a new constitution…
Merger creates one super fund
09 May 2006
Australia’s newest industry superannuation fund is also the country’s largest…
Advisers shun industry funds
02 May 2006
Financial planning networks are unlikely to recommend investing with industry superannuation funds, despite calls from the regulator for them to do just that…
Dazza returns
02 May 2006
The Financial Planning Association has returned to television screens this week as the second phase of its three-year promotional campaign gets under way…
Super funds bigger than ever
26 April 2006
Australian superannuation members now have 66.2% more assets on average than they did a decade ago, according to the latest edition of the Annual Superannuation Bulletin…
Future fund for super liabilities
26 April 2006
Suncorp CEO John Mulcahy has been appointed to the board of the Future Fund, which has been set up by the Federal Government to meet unfunded superannuation liabilities…
Westpoint will raise complaints toll
19 April 2006
The Financial Industry Complaints Service expects an increase in complaints against financial advisers after the recent Westpoint case and a regulator’s report showing…
Axa says its advisers are clean
19 April 2006
Axa Asia Pacific CEO Les Owen says it is unlikely financial advisers associated with his company will be caught up in the ASIC investigation covering the financial services industry…
Super assets now past $800 billion
19 April 2006
The Australian superannuation industry has been experiencing the greatest period of asset growth ever, with superannuation assets now passing the $800 billion mark…
ASIC planner survey makes waves
11 April 2006
ASIC’s shadow shopping survey on superannuation advice shows that planners have improved their performance in the past couple of years, but more improvement is needed…
Westpoint directors feel the freeze
11 April 2006
The assets of four Westpoint directors will remain frozen until at least tomorrow when the Perth Federal Court holds another hearing into the failed mezzanine project…
Finsia reports $1 million surplus
04 April 2006
The Financial Services Institute of Australasia has reported a $1 million surplus for last year and achieved a record 30% increase in new members…
Aviva posts 31% profit boost
04 April 2006
Local life insurer Aviva has recorded a 31% lift in its 2005 pre-tax profit, up to $160 million from $122 million…
Bird flu to hit life insurers hardest
04 April 2006
Life insurers and their reinsurers are most likely to be the hardest hit by a bird flu pandemic, but it is unlikely there will be widespread downgrades to the life, general or reinsurance…
FPA puts spotlight on Westpoint
28 March 2006
The Financial Planning Association has begun its own investigation into 23 complaints received against FPA members linked with the Westpoint collapse…