FSCP cancels insolvent adviser’s registration

ASIC/adviser-ban/FSCP/

| By Jasmine Siljic |

A financial adviser has been banned from giving personal advice to retail clients until 2025 after the FSCP found there is a “real risk of harm” to the public’s confidence in the industry if he remains registered.

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ASIC

adviser ban

FSCP

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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Perpetual rebuffs $3bn bid from Washington H. Soul Pattinson

Perpetual/Pengana/Washington-H.-Soul-Pattinson/M&A/

| By Laura Dew |

Funds management

Perpetual has rejected a $3 billion acquisition bid from Washington H. Soul Pattinson (WHSP) as it announces a strategic review of its company.

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Perpetual

Pengana

Washington H. Soul Pattinson

M&A

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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First chief executive named to lead CSLR regime

CSLR/AFCA/complaints/compensation-scheme-of-last-resort/

| By Jasmine Siljic |

People & Products

The Compensation Scheme of Last Resort’s transitional board has appointed its first chief executive alongside a non-executive director in the lead up to its scheduled commencement in April 2024.

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CSLR

AFCA

complaints

compensation scheme of last resort

AUTHOR

Jasmine Siljic

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Russell Investments

Russell Investments is a global investment management partner, dedicated to improving people’s financial security.

Associations divided on impact of Jones’ QAR advice reforms

FPA/QAR/quality-of-advice-review/financial-services-council/FSC/Blake-Briggs/insignia-financial/renato-mota/

| By Jasmine Siljic |

Financial planning

While the FSC largely supports the final tranche of Delivering Better Financial Outcomes reforms, the FAAA is “deeply concerned” about possible negative implications of the new ‘qualified adviser’ term.

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FPA

QAR

quality of advice review

financial services council

AUTHOR

Jasmine Siljic

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Founding member leaves as AFCA appoints replacement

AFCA/boards/complaints/

| By Jasmine Siljic |

People & Products

The Australian Financial Complaints Authority has welcomed a new member to its independent board as it announces the departure of a founding member.

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AFCA

boards

complaints

AUTHOR

Jasmine Siljic

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Relative Return: Navigating the ETF space

Podcast/Relative-Return/

| By Robyn Tongol |

Editorial

In this episode of Relative Return, James Harwood, senior portfolio manager at Russell Investments, joins host Phil Tarrant to discuss the burgeoning ETF space and how the asset class can form part of an investment portfolio.

AUTHOR

New look for advice documentation as SOAs scrapped

statements-of-advice/quality-of-advice-review/Stephen-Jones/Best-Financial-Interests-Duty/

| By Laura Dew |

Financial planning

Unveiling the final tranche of Delivering Better Financial Outcomes, Minister for Financial Services, St

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statements of advice

quality of advice review

Stephen Jones

Best Financial Interests Duty

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Twitter

Jones unveils final QAR reforms

Stephen-Jones/quality-of-advice-review/treasury/financial-advice/statement-of-advice/banks/

| By Laura Dew |
Financial planning

Minister for financial services, Stephen Jones, has unveiled the final tranche of his Delivering Better Financial Outcomes reforms with a focus on banks, simpler advice documentation and a new type of 'qualified adviser'.

Read more about:

Stephen Jones

quality of advice review

treasury

financial advice

statement of advice

banks

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Twitter

Coastal Advice Group acquisitions bring FUM to $1bn

financial-advice/M&A/NSW/

| By Jasmine Siljic |
Financial planning

The NSW advice firm has acquired two advisory practices in Adelaide and one in Port Macquarie, representing its ambitious growth plans to expand across Australia.

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financial advice

M&A

NSW

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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FSCP cancels insolvent adviser’s registration

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Jasmine Siljic

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Perpetual rebuffs $3bn bid from Washington H. Soul Pattinson

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First chief executive named to lead CSLR regime

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Jasmine Siljic

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Associations divided on impact of Jones’ QAR advice reforms

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Founding member leaves as AFCA appoints replacement

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Relative Return: Navigating the ETF space

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New look for advice documentation as SOAs scrapped

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Jones unveils final QAR reforms

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Laura Dew

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Coastal Advice Group acquisitions bring FUM to $1bn

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