Meanwhile the government says it wants to lower the cost of advice. The governments regulator is ballooning how much t...
If an adult signs a form stipulating a payment to occur, that should be the end of the matter - no need for the governme...
Commissioner Hayne recommended Consent Forms to stop Bank Executives [not Advisers] illegally taking fees out of consume...
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....
Nice to see ASIC finally get ribbed for the RORTING they've done to the advisers who put up with their Exam Fee GOUGING the last 12 months.
ASIC have been utterly disgraceful in the way they've managed this from Jan 2022. I walked away from being a Personal Advice adviser of 15 years when I saw the Jan 2022 exam results show an initial failure rate of 94% and they increased the original fee of just under $600 go to just under $1,000. I was not succumbing to such abhorrent behaviour and blatant gouging. Glad I did too with zero regrets. I wouldn't go back to personal/full advice even if they sent me a complementary exam pass now.
Good luck to those unfortunate advisers still dealing with ASIC's horrendous conduct.