Nowhere else in the world do innocent bystanders have to pay for the losses incurred to investors due to failed business...
Yet everything states profitability is much higher in a larger practice. As a smaller planning practice it is a hard sl...
Not possible to coninue if the cost is given to remaining advisors ...
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....
Thank you, however ASIC has avoided public disclosure of its 2022-23 investigation and enforcement costs to the Senate Economics References Committee, after Treasury's IFM Final Report dated 23 June 2023 reported that advisors are levied for costs not directly connected to advisor's listed on ASIC's Financial Adviser Register. I sent an FOI Request to ASIC and again it avoided these disclosures. Enforcement penalties are not credited back to levies, eg, Westpac's $10 million, and Hon. Stuart Roberts said in an interview earlier this year that Treasury is making 1.6 times ASIC's enforcement costs. Are advisors 'being skinned alive'?