FASEA ‘open-minded’ about changing proposals
The chief executive of the authority said he would remain open to amending its standards summary and appreciated the feedback, despite the “occasionally misinformed poets” in the discussion.
November 23, 2018
Hayne inquiry taming ‘savage capitalism’: ethics expert
Australia trails many other countries in the journey towards conscious capitalism but events such as the Hayne royal commission will propel it forward, Dr Attracta Lagan predicts.
November 23, 2018
FPA says CFP designation up for review
The FPA’s Ben Marshan said the CFP designation was never about meeting minimum standards but would get a fresh look in light of FASEA’s proposed framework.
November 23, 2018
Advisers can’t ‘disclose away’ conflicts
Regulators warn that practitioners are responsible for managing conflicts and interest and point out the right place to look for help with the task.
November 23, 2018
FPA makes bet on souped-up matching tool
The association will compete with fintechs such as Adviser Ratings after expanding its Find a Planner online matching service to include personal criteria.
November 22, 2018
Banks believed in their own immortality: Costello
The ex-Treasurer told 1400 delegates at the FPA Professionals Congress opening keynote that while the banks didn't fail, they failed their customers. Matthew Smith writes.
November 22, 2018
FASEA deals FPA, AFA members a rough hand
The guidelines released Friday, deeming the FPA and AFA’s designations worth only two credits of prior learning, are now the subject of a three-week consultation period.
November 19, 2018
Comyn probe reveals Hayne’s overseas focus
CBA’s Matt Comyn kicked off round seven of the Hayne royal commission hearings, which will feature leaders of the country's largest financial institutions.
November 19, 2018
Self-licensing trend spawns licensee support businesses
ClearView’s LaVista is the latest entry in dealer-to-dealer services, as institutions hedge their bets on future business models by partnering with firms wanting to go it alone.
November 16, 2018
Cost of youth sport blindsiding parents
The expense for families whose children are involved in organised sports is rising and clients are struggling to budget for it. Parents and planners alike should do the research.
November 16, 2018
Dangerously invested: Inside the FIRE movement
The ‘financial independence, retire early’ philosophy is a long way from the greedy arrogance of the 1990s dotcom generation of investors, but it could be just as dangerous.
November 15, 2018
Who really owns the client?
It’s one of the most vexed questions in wealth management but its something more advisers will need to consider. Ultimately, it may come down to ethics. Tahn Sharpe writes.
November 14, 2018
