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Following a 73 per cent pass rate in the August financial adviser exam, the highest since ASIC took over its administration, a high number of new entrants have joined the...
INDUSTRY NEWS
With the industry currently sitting at some 15,679 advisers, Wealth Data has crunched the numbers to find the business model witnessing the most departures in the calenda...
INDUSTRY NEWS
The Advisers Association has expressed disappointment at AMP’s decision to appeal the BOLR verdict while AMP’s Matt Lawler says he hopes mediation will reach “an outcome ...
INDUSTRY NEWS
Out of 20 sectors, workers in the financial services sector are seeing the highest proportion of workers’ compensation claims for psychological costs. ...
INDUSTRY NEWS
Asking questions and listening are paramount to servicing clients from diverse cultural backgrounds, according to an executive, ahead of the Momentum Media Women in Finan...
INDUSTRY NEWS
AMP has announced this morning that it intends to appeal the verdict of its Buyer of Last Resort class action....
INDUSTRY NEWS
The Financial Services Council has noted the “enhanced risk” that comes from implementing changes to financial advice legislation simultaneously with the Quality of Advic...
INDUSTRY NEWS
A Melbourne financial adviser permanently banned by ASIC earlier this year is facing a maximum penalty of 20 years’ jail for obtaining financial advantage by deception, a...
INDUSTRY NEWS
Money Management crunches the numbers on ASIC’s data on Australian financial services licence approvals and how it compares over the last three years....
INDUSTRY NEWS
In a new report, Russell Investments has broken down the three types of financial advisers when it comes to financial decision making, disseminating knowledge and advocat...
INDUSTRY NEWS
ASIC has warned licensees they could face regulatory action if they fail to remediate customers in a timely manner as it reviews licensees' handling of RG 277 in its firs...
INDUSTRY NEWS
After seeing dwindling numbers of advisers and losing a Federal court case regarding an unpaid AFCA determination, NextGen Financial Group is to be wound up....
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Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...