parliamentary joint committee

PARLIAMENTARY JOINT COMMITTEE

Financial planning

CBA brings regulator into frame on Storm Financial collapse

The Commonwealth Bank of Australia has named the corporate regulator, along with itself and Storm Financial, as one of the key stakeholders involved in the circumstances ...

Financial planning

Call for Financial Planner Registration Board

A Financial Planner Registration Board should be created to "protect consumers from Storm Financial and Westpoint-style losses", according to Puzzle Financial Advice dire...

Financial planning

Restore confidence in planning - FPA

The FPA chief executive and chair have written to the parliamentarians reviewing financial services urging a restoration of confidence in planning....

Financial planning

The education evolution

The global financial crisis has slowed the flow of candidates for entry-level financial planning qualifications but, as AMAL AWAD reports, the education providers remain ...

Financial planning

Call for equal AFSL fees for unlisted and listed product recommendations

Ensuring planning licensees get paid the same for recommending an unlisted managed fund or a listed security would result in a better deal for consumers, according to Puz...

Financial planning

Many fee-for-service planners not true to label

Rebate services provider YourShare has said many financial planners are holding themselves out to be purely fee for service when in fact they are charging commissions as ...

Financial planning

Agribusiness MIS promoters aggressive; advisers ill-equipped to see past commissions

Over the past 21 years Queensland financial planner Martin Kerrigan has had nearly 30 face-to-face meetings with promoters of agribusiness managed investment schemes, des...

Financial planning

Allegations of bribery and intimidation levelled at Timbercorp

A South Australian soil scientist previously employed by Timbercorp has made allegations of attempted bribery and intimidation by the group to gain soil assessments that ...

Financial planning

IFSA: Getting its priorities right

The various committees within the Investment and Financial Services Association (IFSA) have outlined their policy priorities for the 2009-10 financial year. The following...

Financial planning

FPA chief hits out at Choice campaign to ban commissions

Consumer group Choice is lobbying the Government to ban what it describes as "perverse incentives" paid to financial advisers that serve to make the advice consumers rece...

Financial planning

Secret commissions from platforms to licensees questioned

In a submission to the Rippoll inquiry respected financial planner Neil Kendall has hit out against substantial "hidden incentives" paid to Australian financial services ...

Accounting

Sherry confirms accountant licensing back on agenda

The Minister for Superannuation and Corporate Law, Senator Nick Sherry, canvasses a level-playing field when it comes to licensing accountants and financial planners....

Financial planning

Australian Investors' Association criticises advisers' education levels

But a leading industry educator says any difficulties with financial advisers are related to commission arrangements and supervision, not education....

Financial planning

Cool response to PI probe

A decision by parliamentary joint committee on corporations and financial services chair Bernie Ripoll to probe the adequacy of the $20 million professional indemnity cov...

Financial planning

Prudential role for ASIC may be considered by parliamentary inquiry

The parliamentary joint committee on corporations and financial services would consider recommending an extension of the Australian Securities and Investments Commission’...