Although the industry continues to lose advisers, this week’s data from HFS Consulting has shown that the losses were lower compared year-on-year. ...

When entering into a binder agreement both the insurance agents or brokers, and the insurer need to ensure the other party has the appropriate Australian financial servic...

Licensees in an agreement with unlicensed product issuers cannot deal in a financial product unless they are issuing, varying, or disposing for the product issuer, accord...

A member of a key Parliamentary Committee has queried whether financial planners are too afraid to challenge the Australian Securities and Investments Commission because ...

The Australian Securities and Investments Commission has permanently banned Melbourne former responsible manager, Anthony David Wynd, from providing financial services....

An unlicensed company sought to convince the Australian Securities and Investments Commission that there was commercial advantage in it being allowed to have advisers con...

The additional conditions will require an independent expert to assess and test controls, systems and processes after the firm deposited client money into unauthorised ba...

The corporate regulator has cancelled the Australian financial services licence of retail over-the-counter derivative issuer Forex Capital Trading after clients incurred ...

The Financial Planning Association has signalled it wants the next best thing to the commercial benefits which would have flowed from being a code-monitoring body, with i...

The Financial Planning Association wants planners to be registered to provide advice in a move which would leave licensing to the coverage of financial products....

Two financial services firms have had their licences cancelled by the corporate regulator for failing to submit audited accounts and meet licensee obligations. ...

The corporate watchdog now has the ability to assess the suitability of firms applying for an Australian financial services licence through a ‘fit and proper’ person test...

Dealer groups have done well to equip advisers with guidelines and interpretations for any queries their clients have....

The firm’s Australian financial services licence was suspended in February but the Administrative Appeals Tribunal has granted a stay in its effect on conditions....