News : Financial Planning

Financial Planning, Investments

Strategy advice doesn’t need SOA but care required

SMSF investment advice

SMSF practitioners can give advice on an investment strategy without a statement of advice, but need to be aware they may be held liable for losses stemming from that advice.

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Financial Planning

Affordable advice an increasing challenge

affordable; financial; advice; planners

The ability to provide affordable advice has been revealed by the latest industry research as a growing challenge for the financial planner community.

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ASIC, Financial Planning

ANZ completes work over fees for no advice

ANZ has complied with an enforceable undertaking aimed at remediating advice customers caught up in fees-for-no-service conduct.

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Financial Planning

CBA to offload Count Financial

CBA will sell off Count Financial to former subsidiary CountPlus for less than 1 per cent of what it paid for the business in 2011.

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ASIC, Financial Planning, Property

ASIC begins first conflicted remuneration case

SMSF; advice; conflicted remuneration

A Queensland SMSF advice business and its Perth-based licensee will face court in the first legal case dealing with conflicted remuneration related to financial advice.

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Education, FASEA, Financial Planning

Industry body criticises FASEA exam guidance

Guidance material provided by the Financial Adviser Standards and Ethics Authority (FASEA) for its new financial adviser exam has attracted criticism from the advice sector for being too vague and irrelevant.

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Education, FASEA, Financial Planning

Sitting first FASEA exam a gamble

FASEA; exam; AFA;

Advisers who will sit the first round of the Financial Adviser Standards and Ethics Authority exams are taking a gamble, according to a senior Association of Financial Advisers executive.

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FASEA, Financial Planning

AFA embarks on new lobbying strategy

Individual AFA members will be included in its lobbying efforts, with the industry body wanting to engage the government at both senior and grassroots levels.

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ASIC, Financial Planning

WA adviser banned for misleading conduct

ASIC has banned a Perth adviser who recommended SMSFs without considering client interests after he was also found to have recreated missing advice documents.

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Financial Planning, LRBA

LRBA broker recommends specialist expertise

An LRBA loan specialist has recommended advisers use other experts when putting in place loan arrangements.

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