News : Financial Planning

Ex-planner opens equity release advice business

October 31, 2019

The growth of the equity release sector has prompted a former planner to open an advice and brokerage service for retirees.

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Financial Planning

Consumers place little faith in finance industry

Consumers place little faith in financial advice industry

October 31, 2019

Tharshini Ashokan

Consumer trust in the financial advice industry remains low, with more people turning to digital self-help advice tools than in previous years, a recent industry report reveals.

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ATO, Financial Planning

ATO letters highlight value of advice

October 28, 2019

Jason Spits

The letters sent by the ATO to SMSFs with a high concentration to a single asset or asset class were a “brutal” approach to compliance, but have highlighted the value of advice, an SMSF expert has claimed.

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Financial Planning

ASIC wins appeal in personal advice case

October 28, 2019

Jason Spits

The full Federal Court has ruled superannuation rollover advice provided by two Westpac subsidiaries was personal in nature and a breach of their licence and obligations under law.

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ASIC, Financial Planning

Lime FS shuts robo-advice arms

October 21, 2019

Darin Tyson-Chan

The robo-advice arms of Lime FS Pty Ltd have been voluntarily closed amid compliance issues raised by the corporate regulator.

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ASIC, Financial Planning

Adviser sentenced to 12-year prison term

October 21, 2019

Tharshini Ashokan

A former Brisbane-based adviser has been sentenced to 12 years’ imprisonment for stealing almost $6 million of his clients’ funds.

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ASIC, Financial Planning

Ex-adviser to face dishonesty charges

October 17, 2019

Darin Tyson-Chan

Twelve charges relating to dishonest conduct regarding SMSF clients have been brought against a former financial planner.

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Compliance, Financial Planning

Impact of code monitoring shift minor

October 16, 2019

Jason Spits

Financial advice associations have brushed off suggestions a government run disciplinary body would reduce their role but questioned how the body will work.

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Administration, Financial Planning

Advisers best placed to lead SMSF collaboration

October 15, 2019

Tharshini Ashokan

Financial advisers should project manage SMSFs within a family office collaboration model in order to best serve trustees, an SMSF expert says.

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FASEA, Financial Planning

Govt drops associations from adviser oversight

October 14, 2019

Jason Spits

Financial advice associations have been cut out of the code of ethics enforcement model as tge government announces the creation of a new disciplinary body.

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