News : Financial Planning

Accounting, Financial Planning

Govt marks start of new complaints system

The federal government noted the commencement of the Australian Financial Complaints Authority (AFCA) today stating consumers and investors will benefit from increased access to redress.

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Financial Planning, Tax

Number of tax advisers increases

The Tax Practitioners Board (TPB) has revealed the registered tax practitioner population and public searches for registered tax agents are on the rise.

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Financial Planning, Platforms, Regulation

Franking credit plan to bring platform complexity

Advisers managing SMSF clients on platforms will need to consider the tax positioning of the platforms to assess the level of refunds clients can receive on their franking credits should Labor’s proposal become policy, a consultant has said.

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Financial Planning, Retirement, Strategy

Downsizer measure tops adviser queries

The new downsizer contribution, allowing clients to top up their super from the proceeds of the sale of their home, has come out as the number one adviser query in the September quarter, BT Financial Group’s (BTFG) technical team has said.

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ASIC, Financial Planning

Commonwealth FP given further improvements

The initial findings of a report into the fee-for-no-service conduct of Commonwealth Bank of Australia’s advice arm, Commonwealth Financial Planning, has been released, alongside additional recommendations.

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Financial Planning, HNWI

HNWIs to spur advice, structuring opportunities

The rapid growth in the number of high net worth individuals (HNWI) in Australia will open up more prospects for advice and wealth structuring within the segment.

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Financial Planning

Henderson found to have breached FPA code

The Financial Planning Association of Australia’s (FPA) independent disciplinary body, the Conduct Review Commission (CRC), has found former financial services executive Sam Henderson breached the FPA’s Code of Professional Practice.

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Financial Planning, Retirement

Retirement confidence remains lacklustre

Two-thirds of Australians lack confidence about their finances in retirement, driven by higher living costs and uncertain times, according to a survey.

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Financial Planning, Regulation, Superannuation

Seismic change predicted from royal commission

The banking royal commission’s final report will likely be the catalyst for unprecedented change in the financial services industry, an industry executive has said.

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Accounting, Financial Planning, Regulation

Gross incomprehension over accountants’ exemption

Recent lobbying efforts for the reinstatement of the accountants’ exemption have revealed many practitioners have failed to understand the original framework, according to an SMSF industry body.

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