chief executive

Superannuation

Tax changes must encourage retirement savings: FPA

The Government should amend the tax system to help Australians build their retirement savings, Financial Planning Association (FPA) chief executive Mark Rantall has said ...

Financial planning

Online financial advice needs specific guidelines

The Australian Securities and Investments Commission (ASIC) believes the liability for scaled online financial advice should fall on a financial planner, but a lack of sp...

Financial planning

McDonald departs in Snowball integration

Snowball chief executive Tony McDonald will depart the company on 4 October 2012 as part of the integration between Snowball and Shadforth, the company announced....

Financial planning

Perpetual to outsource administration platform

Perpetual has announced it will outsource third party provision of portfolio and fiduciary administration services for Private Wealth clients to Macquarie Investment Mana...

Superannuation

In-specie transfer ban for SMSFs 'more red tape'

The proposed ban on off-market related party transfers for self-managed superannuation funds (SMSFs) "goes against the grain of a simplified superannuation system", accor...

Superannuation

Jury out on SMSF asset allocation

ASFA chief executive Pauline Vamos questions whether SMSF allocations are always appropriate....

Financial planning

Praemium restructures to reduce costs

Following a successful $5 million capital raising earlier this month, portfolio administration specialist Praemium has announced an organisational restructure and cost-re...

Financial planning

Some financial planners in the dark on research models

A significant proportion of financial planners are unaware of the business model of their research providers, a Money Management survey suggests....

Policy & Regulation

ISN offers help to Govt on fine detail of FOFA

The Industry Super Network has welcomed the second tranche of FOFA and offered help to Govt on developing the fine detail....

Superannuation

APRA proposes superannuation fund standards

New governance standards for superannuation funds may still fall short of demands for greater transparency....

Policy & Regulation

Financial Ombudsman Service on its own after FOFA introduction

When the "best interests" duties contained in the Future of Financial Advice (FOFA) reforms become law, the lack of a legal precedent will see the Financial Ombudsman Ser...

Financial planning

BT looking to increase wealth business

BT Financial Group is seeing results from a drive to increase the proportion of its high net worth banking customers who also use the group for their wealth management ne...

Policy & Regulation

AFA calls on PM to outline real FOFA agenda

Prime Minister Julia Gillard's strong support for the Industry Super Network on opt-in has prompted calls by the AFA for a declaration of the Government's real agenda....

Financial planning

Sonray director faces 24 criminal charges

The director of collapsed brokerage firm Sonray Capital Markets, Russell Johnson, has appeared in Melbourne Magistrates Court after his arrest on 24 criminal charges foll...