Bradbury gets Financial Services
The Financial Services industry will no longer fall under the portfolio control of Bill Shorten.
The Cabinet reshuffle announced by the Prime Minister, Kevin Rudd, will see Financial Services and Superannuation handed to the Assistant Treasurer, David Bradbury.
Shorten remains in Cabinet as Workplace Relations minster and will have the additional responsibility of School Education.
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The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.
