Latest Financial Planning & Services News from Money Management

Guides

Thorn Group has announced the departure of its managing director and chief executive, James Marshall.

Money Management Original

ASIC levy to push advisers to exit before end of financial year

The end of the financial year will see a greater loss in adviser numbers than usual from advisers wanting to avoid

29 June

Money Management Original

FASEA extension may only help a few hundred advisers

Under 1,800 advisers have failed the exam and a quarter of those have failed twice or more, and an industry

29 June

Industry news

ASIC cancels BBY’s licence

The Australian Securities and Investments Commission has cancelled the Australian financial services licence of

28 June

Industry news

Apex defeats SS&C in bid for Mainstream

Fund administrator Mainstream has terminated its scheme implementation deed with SS&C after it failed to beat

28 June

Platinum Asset Management has announced changes to its product fees and plans to launch two new ETMFs in August.

Money Management Original

Advisers at risk under licensees with fees cheaper than Dover

Licensees that have a cheap licencing offering are likely to be committing regulatory arbitrage which potentially

28 June

Industry news

Advisers needed to meet investors’ performance desires

Investors are likely to need guidance from an adviser on balancing risks if they want to achieve a desired 13%

28 June

Industry news

ASIC bans adviser for four years

Financial adviser Hannah Jennings has been banned after the corporate regulator found she was inappropriately

25 June

Money Management Original

Over 100 advisers leave industry this week

The data from the Australian Securities and Investments Commission showed that the number of advisers dropped this

25 June

Money Management Original

Advisers with major life events left out of FASEA extension

Industry associations have welcomed the one-off exam measure but would have liked the extension to have included

25 June

ASIC has simplified the registration process for prospective SMSF auditors, to reduce red tape and save time for applicants.

Industry news

Single disciplinary body welcomed

The introduction of the single disciplinary body as part of the Better Advice Bill will lift standards as it will

25 June

Money Management Original

Advisers urged to register for July exam

Registrations close today for the July exam but sitting next month would give advisers the opportunity to sit

25 June

The FPA has expelled a financial planner member for cheating on his CFP, while another awaited an outcome after acting dishonestly in relation to insurance applications.

Money Management Original

Third FASEA exam attempt welcomed

Another FASEA exam in 2022 will remove “great uncertainty” if advisers need to re-take the exam in November,

25 June

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MC Hammer

The types of docs we need to give to clients:

FSG
OSA
FCF (fee consent form)...

Parliamentarian calls 100-page SOA ‘absurd’9 hours 8 min ago

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"...the corporate regulator had reason to believe that they were not adequately trained...

ASIC bans two advisers for five years 9 hours 17 min ago

Wonder Dog

So why so hard for the ladies constantly banging in about equality. Men have many home care...

FASEA a barrier for women staying in the industry11 hours 9 min ago

Financial planning

Guides

ASIC levy to push advisers to exit before end of financial year

FASEA extension may only help a few hundred advisers

ASIC cancels BBY’s licence

Apex defeats SS&C in bid for Mainstream

Advisers at risk under licensees with fees cheaper than Dover

Advisers needed to meet investors’ performance desires

ASIC bans adviser for four years

Over 100 advisers leave industry this week

Advisers with major life events left out of FASEA extension

Single disciplinary body welcomed

Advisers urged to register for July exam

Third FASEA exam attempt welcomed

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