Let the fund begin!
In total, there are 15 fund categories, along with Fund Distributor of the Year (for the organisation that provides access to third-party managers’ capabilities) and the coveted Fund Manager of the Year Professional Planner/Zenith Fund Award nominees: Diversified funds:
August 21, 2012
Best practice: ASIC won’t expect perfection
The financial planning industry has some grounds for concern over elements of the regulator’s guidance on the best interests duty and scaled advice, according to a lawyer specialising in the Future of Financial Advice (FoFA) reforms.
August 14, 2012
Former ATO man turns from insider to activist
Financial planners have been urged to contact the Australian Taxation Office (ATO) to seek clarification of their clients’ concessional and non-concessional superannuation contributions to avoid running foul of contribution rules and paying punitive penalties.
August 14, 2012
Small territorial issues but no turf war: CPA
CPA Australia has taken a conciliatory tone in what some believe is a looming battle between accountants and financial planners as both professions seek advantage from the Future of Financial Advice (FoFA) reforms. Alex Malley, chief executive of CPA Australia, believes the vast majority of accountants has no interest in providing product advice and only wishes to establish professional referral networks.
August 13, 2012
Regulating investment property could be a reality
The development of a property platform is underway in Australia that could see real property brought into the regulated realm. The platform is called fractional property investing and, by bringing real property into the realm of regulation, it will enable financial planners to provide advice to investors with the same protections and benefits that managed funds offer them.
August 07, 2012
Olympic lesson for global markets
The International Olympic Committee (IOC) and financial market regulators should compare notes. With the London Games now in full swing, the IOC is continuing its fight against doping and the growing threats of match fixing and illegal bookmaking It’s been a Weill
August 06, 2012
In Focus: Courage of conviction
Given the events of the past three or four years, it might come as a surprise to learn that over the 20 years to the end of 2011, Australian shares were the second-best performing asset class. The June 2012 Russell Investments/ASX Long-Term Investing Report says the gross return from Australian equities was 8.7 per cent
August 01, 2012
August 2012:
Digital content
A guide to the Professional Planner August 2012 edition and links to authors and additional content.
July 31, 2012
A place for property in financial advice?
To recommend or not to recommend property Whether it is because of a lack of commissions, the risk of legal action or a lack of knowledge about the property market, many advisers steer altogether clear of recommending property investments.
July 31, 2012
Shhhh… don’t tell anyone we’re FoFA-compliant
Mascot-based boutique investment advisory business, Global Funds Management, part of the MyMoney group of companies, and fund manager QWL are the first to comply with Future of Financial Advice (FoFA) reforms.
July 30, 2012
“Groundhog Day” for asset allocation: Fidelity
The outlook for the new financial year may seem to be a groundhog year, with an apparent repeat of the past 12 months. Assets like corporate bonds, high dividend-paying companies and some property funds are rewarding investors whether the market moves up or down.
July 30, 2012
