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ASFL
Financial planning
ASIC has updated its reportable situations regime to remove the need for licensees to submit breach notifications for certain misleading or deceptive conduct breaches....
Financial planning
Licensees are responsible for notifying the corporate regulator that their advisers have completed the exam, however finding whether an adviser has passed isn’t easily ac...
Financial planning
The Australian Securities and Investments Commission has prosecuted many people for operating without an Australian Financial Services License but it appears no one has b...
Policy & Regulation
The Australian Securities and Investments Commission has seen a “significant escalation” in complaints about unlicensed operators providing financial product advice witho...
Features
Mike Taylor writes that the Financial Planning Association may well have identified a key element of the future of the financial advice industry but no one should overloo...
Editorial
Australia’s litigation funders have, by and large, done a good job but few in the financial services industry will argue against making them rise to the requirements of h...
Policy & Regulation
They have been charged with breaching client money obligations from between December, 2014, and September, 2018....
People & Products
Lifespan Partnership will offer support for self-licensees and advice businesses wanting to transition to their own individual Australian financial services licence....
Policy & Regulation
GPS Wealth adviser, Mark Alexander Rothnie has been banned by ASIC for failing to act in the best interests of his clients and failing to provide appropriate advice....
Financial planning
Advisers need to make a considered decision when using MDAs and need an offering that allows them to be flexible for the different circumstances of their clients, Xplore ...
Financial planning
Financial advisers were increasingly looking at criteria other than just the dealer when choosing an AFSL such as a robust compliance regime, and an open APL, Futuro said...
Financial planning
Complete Financial Balance has joined the Arthur J. Gallagher group as it looks to enhance their advice and benefit proposition to SMEs....
Financial planning
ASIC has highlighted that AFSLs must have access to financial adviser records for the required period, while representatives must also keep records....
Financial planning
ASIC has suspended the Australian financial services licence (AFSL) for Melbourne-based firm, Allegianz, for failure to lodge financial statements and auditor reports....
Accounting
The perceived negative consequences of acquiring a financial services licence seem to be reducing following the scrapping of the accountants’ exemption, with a dealer gro...
MARKET INSIGHTS
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Podcast
My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...
Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...
How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...