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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Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
