Weekly market & economic update – week ending August 23

From

Key events of the past week and implications Fed taper fears dominated over the past week resulting in further increases in bond yields and volatile share markets. Some emerging share... Read more continue reading

APRA figures reveal solid SMSF growth

From

The self managed super fund (SMSF) sector enjoyed solid growth in 2012-13 with the numbers of funds and assets under management increasing markedly, according to the latest Australian Prudential Regulatory Authority (APRA) superannuation... Read more continue reading

Former Gunns chairman convicted of insider trading

From

ASIC Commissioner Cathie Armour says the conviction of former Gunns chairman John Eugene Gay for insider trading was a reminder the regulator was committed to combating this serious criminal offence.... Read more continue reading

Better financial management for all Australians starts today

From

The FPA calls on the remaining 61% of Australians to try qualified financial advice for free! The Financial Planning Association (FPA) has launched the 13th annual Financial Planning Week running nationwide... Read more continue reading

Rich Australia

From

Household wealth The Bureau of Statistics has released the report “Household Wealth and Wealth Distribution 2011/12”. Average wealth. Wealth (assets less liabilities) of the ‘average’ Australian household stood at just... Read more continue reading

Wealthtrac targets SMSFs with the appointment of specialist SMSF business development manager

From

Platform and wrap provider Wealthtrac today announced the appointment of SMSF sales specialist, James Macken as Business Development Manager – SMSF. Wealthtrac managing director and chief executive officer, Matthew Johnson... Read more continue reading

Former Wealthsure financial adviser pleads guilty to criminal charges

From

Former WealthSure financial adviser, Mr Brian William Veitch, has pleaded guilty to 22 criminal charges following an ASIC investigation. Appearing in the Sydney District Court, Mr Veitch, formerly of Minto,... Read more continue reading

Financial Planning Week addresses financial topics close to our hearts

From

The questions financial planners are most asked, as well as the most debated topics from last year’s Financial Planning Week will form the basis of the key areas for discussion... Read more continue reading

ASIC continues crackdown on hybrids

From

Following recent ASIC action, we have seen an improvement in the disclosure of the risks of hybrids. But there is still work to be done to make sure these complex... Read more continue reading

Australians urged to seek financial advice during Financial Planning Week

From

“We want all Australians to experience the life-changing benefits that financial advice from a trusted professional can bring.” These are the words of Mark Rantall, CEO of the Financial Planning... Read more continue reading