Does ASIC run the risk of regulatory overreach?

ASIC/DDOs/regulation/

With ASIC playing a role in interpreting the law through materials like regulatory guides and in part enforcing the law through stop orders, a panel has questioned if the regulator could occasionally toe the line of overreach.

AUTHOR

Kenneth Hayne on the conflict of interest problem in advice

Kenneth-Hayne/Hayne-Royal-commission/quality-of-advice-review/

In a rare speech, former High Court justice, the Honourable Kenneth Hayne, has questioned whether advisers can ‘stand in more than one canoe’, when it comes to conflict of interest between client and product provider.

AUTHOR

Lazard financial advisory head appointed new CEO

Lazard/financial-advice/CEOs/

Peter Orszag, chief executive of financial advisory since 2019, has been named CEO of Lazard, effective 1 October 2023.

AUTHOR

100 advisers join Count’s expanded network

TAL/Affinia/Countplus/

Count has announced the successful acquisition of financial advice business Affinia from TAL, welcoming around 100 advisers to its national community.

AUTHOR

AMP scraps wealth management CEO role

amp/wealth-management/

Scott Hartley is to depart AMP as the firm scraps his CEO of Australian wealth management role while CFO Peter Fredricson will depart after less than a year in the position.

AUTHOR

Magellan CEO on letting staff finally be heard

Magellan/Hamish-Douglass/David-George/

EXCLUSIVE Magellan boss David George has been busy creating a culture of inclusion where fresh investment ideas are generated from the bottom up and meetings are short and sharp.

AUTHOR

Praemium repositions for growth following international exit

praemium/platforms/artificial-intelligence/technology/

EXCLUSIVE Six months into the role, Praemium’s chief strategy officer, Denis Orrock, has explained how he is positioning the platform technology company for growth.

AUTHOR

Treasury details proposed APRA and ASIC levy figures

ASIC/APRA/levy/

Treasury has issued a consultation paper detailing the proposed levy figures for APRA and ASIC in 2023-24.

AUTHOR

Pinnacle founder on avoiding ‘rockstar culture’ in fund management

Pinnacle/Magellan/fund-management/

Pinnacle’s founder, Ian Macoun, has explained how he has structured the firm with its affiliate boutiques in order to avoid the negative impact of key person risk.

AUTHOR

Digital advice ‘market leader’ in voluntary administration

digital-advice/Financial-planning/advice-intelligence/

One of Australia’s leading providers of digital advice solutions has entered voluntary administration.

AUTHOR

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

3 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

3 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

5 months ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

2 weeks 5 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

3 weeks 3 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

4 weeks 1 day ago