financial planning

Financial planning

Advisers need risk capacity and risk tolerance measures to help clients reach retirement goals, Milliman believes....

Financial planning

Knowledge-intensive jobs are the biggest hiring trend as skilled, experienced, and educated financial planners are in short supply according to Hays....

Financial planning

CBA offers $4.9m in advice compensation

The Commonwealth Bank has offered almost $4.9 million in compensation to clients who received poor advice while it has offered compensation to 201 cases for poor advice i...

Financial planning

Advisers overestimate client knowledge

Some financial advisers tended to overestimate the financial literacy levels of clients, while other advisers were expressing the need to explain financial concepts to cl...

Financial planning

Former Westpac adviser banned

ASIC has banned former BTFG financial adviser, Michael Mahoney, from providing financial services for four years for misleading and deceptive conduct when providing insur...

Financial planning

Little trust in unbiased bank advice

New research reveals that as few as 20 per cent of people trust their banks to give them unbiased advice....

Financial planning

Former AMP financial planner banned

ASIC has permanently banned a former Queensland AMP Financial Planner representative from providing financial services for providing inappropriate advice and borrowing cl...

Financial planning

Banks impose planner hiring protocol

The Australian Bankers' Association has imposed a planner hiring protocol for use by members to screen out bad planners....

Financial planning

Industry welcomes draft super reforms

The financial services industry has welcomed the introduction of LISTO but is divided on the objective of superannuation....

Superannuation

More retirees to put pressure on Age Pension

The number of people planning to retire in the next 12 months will place a high financial burden on the government, Roy Morgan research found....

Life/Risk

Numbers fall well short for AFA EGM

Those pushing for an EGM to change the constitution of the Association of Financial Advisers have fallen well short of the requisite five per cent of members....

Financial planning

Education arms advisers with ethical shield

Attaining high levels of education could give advisers the confidence to face ethical dilemmas thrown at them by licensees and question the status quo, according to State...

Financial planning

Two-thirds of Aussies have no financial plan

Australians are thinking more about their financial futures but 63 per cent have no plans, according to the FPA....

Financial planning

Advice key to retirement confidence

Australians continued to remain uncertain about their retirement nest eggs but professionally advised Australians felt more prepared for retirement, research showed....