ASIC has cancelled four AFSLs and suspended one other due to a failure to lodge audited annual statements....
A select group of actively managed equities funds have consistently outperformed raising the question of how managers are being selected according to Lonsec Research...
The FPA has called for upfront commissions to be capped at four times ongoing payments and for insurers to offer dial down commissions....
Robo-advice tools can be used by planners to attract and retain clients but poor value propositions will be wiped out by technology....
Non-aligned planning group Synchron has put out to tender the development of a level premium set-term basis insurance product as part of its response to the Trowbridge Re...
Nearly 20 industry bodies have met with the Assistant Treasurer and agreed on the need to improve adviser standards following the PJC model....
Smart beta ETF are likely to be repeat outperformers but will also become harder to evaluate as that segment of the ETF market matures according to Morningstar....
Sentry has confirmed that it has merged with Wealthsure after news the two groups had joined was flagged by ASIC....
Wealthsure planning arm accepts new EU after restructure and sale with other parts of business to surrender licence...
Centrepoint Alliance will be the first large non-aligned planning group to remove upfront commissions from July 1 adopting a hybrid and level commission model...
Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...
ASIC has banned a former NSW adviser from providing advice for 10 years for investing at least $14.8 million into a cryptocurrency-based scam. ...
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...