Submitted by Anon on Tue, 2022-12-20 15:00

It's good that ASIC is cracking down on these finfluencers. There are so many of them that are not appropriately qualified and not licensed or authorised to provide general advice. But even for those who are, there are also issues with them being directly paid by product issuers (or indirectly via interposed platforms) which in many instances would be deemed to be conflicted remuneration. More work to be done.

The content of this field is kept private and will not be shown publicly.
 

MARKET INSIGHTS

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

Chris Cornish

By having trustees supervise client directed payments from their pension funds, Stephen Jones and the federal Labor gove...

3 hours 24 minutes ago
Chris Cornish

Now we now the size of Stephen Jones' CSOLR tax, I doubt anyone will be employer any new financial adviser from this poi...

3 hours 29 minutes ago
JOHN GILLIES

Amazing ! Between the beginning of licencing Feb 2002 and 2008 this was a very good stable industry.Then the do-gooders...

22 hours 33 minutes ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

10 months 1 week ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

10 months ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

10 months 1 week ago