Amazing ! Between the beginning of licencing Feb 2002 and 2008 this was a very good stable industry.Then the do-gooders...
It couldn't happen to a more worthy organisation - good luck to the heroes coming to clean the place up!...
Yes used the money that should have been invested as if it was his own. Thought he was invincible but the house of cards...
AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....
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. ...
The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....
Changes to remuneration didn't cause me to give up advice it was the compliance risk. I would argue anyone providing Risk Advice is doing it illegally and certainly not in the best interest of clients (under the corps act definition). I would say it's impossible to meet 2023 compliance standards. I'm not even talking about 2013 standards. Remember advice that's in the best interest of clients is significantly different to compliant advice that meets the best interest regulations and would pass ASIC standards.