News : Financial Planning

ASIC, Financial Planning

ASIC cancels licence of SMSF advice group

MyPlanner Professional Services licence

ASIC has cancelled the licence of a now-liquidated Queensland-based advice group that offered SMSF advice and services to clients.

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Financial Planning, Tax

TPB, FPA forge inaugural partnership

TPB FPA MOU

A memorandum of understanding has been signed between the Tax Practitioners Board and the Financial Planning Association facilitating an official information exchange.

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Financial Planning

COVID advice relief impractical

covid financial advice

Feedback from the financial advisory sector has revealed practitioners consider the compliance relief implemented for some COVID-19 advice lacked practicality.

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Financial Planning, Retirement

Retirees avoiding advice despite COVID-19

retirees coronavirus

Most Australian retirees feel their investments are at risk as a result of the coronavirus pandemic, but almost 80 per cent have avoided seeking financial advice, a survey has revealed.

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Financial Planning, Investments

Robo-advice more popular in US

robo-advice

The US continues to lead in the demand for robo-advice among online investors, a survey shows, and women are more likely to use automated investment services than men.

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Financial Planning

SMSF advice group shuts doors

MyPlanner Professional Services

An advice group offering licensing and SMSF advice services to planners and accountants that was under ASIC scrutiny has shut down.

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Financial Planning, Superannuation

COVID-19 SOA relief to end in October

SOA relief

ASIC’s COVID-19 relief measures relating to advice around the early release of super, including the use of an SOA, will be repealed in October.

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ASIC, Financial Planning

ASIC to sharply hike adviser levies

ASIC adviser levies

ASIC has called for feedback on changes to its industry-based funding as it proposes a substantial increase in levies for financial advisers.

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ASIC, Financial Planning

Henderson charged with dishonest conduct

Sam Henderson dishonest conduct

A banned financial adviser who was the subject of scrutiny at the financial services royal commission will face charges related to misrepresenting his qualifications to give advice.

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Financial Planning

FPA reassures advisers over AFSL proposal

FPA AFSL proposal

The FPA has clarified its recommendation to dismantle the AFSL system for advisers and replace it with individual registration.

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