AIOFP Announces Appointment of Two New Directors

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Association of Independently Owned Financial Planners (AIOFP) Chairman and Australian Financial Services Group Ltd (AFS Group) Managing Director and Group CEO Peter Daly has announced the appointment of Dr. Dennis J. Maddern and John Ardino as new Directors to the AIOFP Board. Dr. Maddern is President of Melbourne based Maddern Financial Advisers Pty Ltd (MFA).... Read more continue reading

Research highlights need for advisers to prepare for battle

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National President of the Association of Financial Advisers (AFA) Dr Jim Taggart, OAM says recent research published by Roy Morgan Research around the low level of consumer trust in advisers means advisers must prepare for battle. “Trust is fundamental to the advice relationship,” Dr Taggart said. “We know from our own Back to Basics consumer... Read more continue reading

Actuaries call for standardised superannuation fund benefit projections to help members

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Superannuation funds should include member benefit projections in annual member statements to help members track their progress towards their retirement savings goals and encourage voluntary super contributions, according to a new survey conducted by the Institute of Actuaries of Australia. Respondents agreed that projections should include Age Pension entitlements and should show both a lump... Read more continue reading

Preventing insolvent trading: the focus of new ASIC report

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ASIC has today released a report that sets out the key messages and outcomes of its national insolvent trading program (NITP). The report, National Insolvent Trading Program Report (REP 213) will be beneficial to directors of companies, company advisers (including accountants and lawyers) and other interested stakeholders to assist them in understanding and complying with... Read more continue reading

AFA’s search for a star reaches final

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Richard Klipin, CEO of the Association of Financial Advisers (AFA) says the future of financial advice is in good shape, judging by the standard of the finalists in this year’s AFA Rising Star of the Year award (the Award). While choosing the six finalists was an exceptionally difficult task, Mr Klipin said the final contenders... Read more continue reading

Outgoing AFA National President calls on Minister Shorten to put consumers first

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National President of the Association of Financial Advisers (AFA) Dr Jim Taggart, OAM has called on Minister Bill Shorten to become a true advocate of the financial services industry so that the interests of ordinary working Australians can best be served. “We are calling on Mr Shorten to live up to his portfolio title and... Read more continue reading

Investor sentiment negative

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The latest Financial Services Council/CoreData Investor Sentiment Index shows investor confidence remains negative for the second quarter in a row. The Index, prepared by CoreData for the Financial Services Council, shows investor sentiment fell a further 0.5 points to -9.0 in quarter three 2010. Sentiment is now more than 16 points lower than at the... Read more continue reading

Bushfire Action Weeek reminds Victorians to get Lifewise this Summer

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With 95% of Australian families having inadequate life insurance, Bushfire Action Week is a reminder to all about the importance of protecting the family against the risks associated with bushfires. The launch of Victorian Bushfire Action Week (10th-17th October) today serves as a reminder to all of the importance of protecting the family against unexpected... Read more continue reading

NTAA Hits Back At Criticism From the Financial Planners Association of Australia

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NTAA Hits Back At Criticism From the Financial Planners Association of Australia. More than 800 members of The National Tax & Accountants’ Association (NTAA) attending a seminar in Sydney have expressed overwhelming support for the launch of the new NTAA Financial Planners Association. The NTAA comprises 7,500 firms of tax agents and accountants who act... Read more continue reading

ASIC begins nationwide surveillance activities under national consumer credit regime

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The Australian Securities and Investments Commission (ASIC) has begun its first nationwide surveillance activity to detect unregistered businesses and people under the National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009 (National Credit Transitional Act). Between now and late 2010, ASIC will be in the field, across Australia, to detect businesses or people engaging... Read more continue reading