Job market winners & losers

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Employment rose by 102,400 over the three months to February – the biggest quarterly gain in five years. Strongest sector was Wholesale trade (up 39,500) while Manufacturing employment fell by... Read more continue reading

ASIC consults on risk management for responsible entities

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ASIC has released a consultation paper and proposed regulatory guidance on risk management practices for responsible entities in the managed funds sector. ASIC Commissioner Greg Tanzer said the need to standardise... Read more continue reading

ASIC Guidance on asset-based fees a step too far

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  Part of ASIC’s guidance on conflicted remuneration has been taken a step too far, according to Claire Wivell Plater, managing director of The Fold. “Under the new guidance, if... Read more continue reading

Westpac & St George to double female planners

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  Westpac and St.George Financial Planning aims to double the number of women working in planner roles by 2015 to over 700 planners. This initiative will see current female representation... Read more continue reading

FPA launches mandatory degree requirement campaign

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The Financial Planning Association (FPA) has launched an advertising campaign reminding financial planners that from 1 July 2013, it will be mandatory to hold an approved degree to become a... Read more continue reading

SPAA backs stricter definitions for advisers and planners

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The SMSF Professionals’ Association of Australia (SPAA) fully supports the Federal Government’s decision to restrict the use of the terms “financial planner” and “financial adviser”.   Under the new legislation,... Read more continue reading

Oliver’s Insights – Money printing and hyperinflation

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This edition of Oliver’s Insights looks at the risks associated with quantitative easing, or money printing, in particular the threat of hyperinflation that many seem to be fearing. The key... Read more continue reading

AFA welcomes enshrining ‘financial adviser’ and ‘financial planner’

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The Association of Financial Advisers (AFA) welcomes the release of legislation into Parliament on enshrining the terms ‘financial adviser’ and ‘financial planner’ in law. “This Bill is about the understanding... Read more continue reading

FPA: Enshrinement of “Financial Planner”- historic day for Australians

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Sydney, 20 March 2013: The Financial Planning Association (FPA) has welcomed the government’s introduction of the legislation for enshrining the term “Financial Planner/ Adviser” into law today in Australia. Mark... Read more continue reading

SPAA raises concerns about new rules for related party transactions

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The SMSF Professionals’ Association of Australia (SPAA) has some concerns about the changes in the draft legislation aimed at tightening the rules relating to the acquisition and disposal of listed... Read more continue reading