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A risk-averse nature by licensees to alternative funds is prompting advisers to opt to carry out the investment selection themselves....
INDUSTRY NEWS
The platform race is “ours to lose”, says HUB24’s chief executive Andrew Alcock, as it reports a 62 per cent rise in annual platform net inflows in FY24. ...
INDUSTRY NEWS
A former strategy manager at suspended financial services business BBY has been sentenced for aiding and abetting dishonest conduct. ...
INDUSTRY NEWS
The difference between a Record of Advice and Statement of Advice is the crux of the FSCP’s latest determination against a relevant provider. ...
INDUSTRY NEWS
An executive at the Institute of Public Accountants has suggested that a discussion around the need for gender quotas in financial services may now be warranted....
INDUSTRY NEWS
The number of ceased advice licensees this financial year is nearly four times higher than the previous period, likely driven by M&A activity among new AFSLs, writes Weal...
INDUSTRY NEWS
Libertas Financial Planning saw its AFSL cancelled this month after the CSLR paid out compensation to a victim; details have been shared on the firm’s mistakes that led t...
INDUSTRY NEWS
The corporate regulator has taken down over 7,300 phishing and investment scam websites in the past year, with this area remaining a core strategic priority for ASIC....
INDUSTRY NEWS
ASIC has cancelled the AFSL of a former national financial advice business after the CSLR was required to pay compensation for the firm’s actions....
INDUSTRY NEWS
Unexpected bills and a lack of cultural alignment are among M&A challenges two directors have faced, and the experiences have taught them that advice practices shouldn’t ...
INDUSTRY NEWS
In light of recent ASIC investigations, Assured Support has outlined how compliance programs can fail within advice practices and licensees if they are treated as “neces...
INDUSTRY NEWS
The Financial Advice Association Australia has met with Minister for Financial Services, Stephen Jones, to discuss their concerns about the escalating costs of the Compen...
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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?...