ASIC

Financial planning

ASIC has taken legal action against Fast Access Finance for engaging in unlicensed credit activities....

Superannuation

The Federal Opposition lodges questions on underlying costs of MySuper products....

Financial planning

Industry silent as public makes feelings on ASIC known. ...

Life/Risk

A Perth-based insurance broker has been permanently banned for engaging in misleading and deceptive conduct....

Financial planning

The FOFA legislation once heralded was a long time coming – and with its implementation date has also arrived a raft of questions as to how parts of the legislation will ...

Financial planning

A recent Storm Financial settlement caused quite a bit of controversy and resulted in an appeal from the regulator. Milana Pokrajac finds many in the legal community deem...

Financial planning

Industry body Boutique Financial Planners has called for clear disclosure of licensee ownership after Roy Morgan research revealed a large percentage of consumers were no...

Financial planning

ASIC claims it had concerns about the quality of financial advice being delivered in Australia before the collapse of Storm and the Commonwealth FP enforceable undertakin...

Financial planning

Latest research shows up to half of clients using bank-aligned financial planners think their adviser is ‘independent’....

Financial planning

Perth securities dealer Stellar Securities has had its Australian financial services licence cancelled after it failed to comply with its financial requirement conditions...

Funds management

Australian Public Trustees (APT) has had its AFS licence cancelled after breaching a number of its financial and reporting obligations....

Financial planning

The regulator has put forward new proposals to update the record-keeping obligations for those who provide financial advice to retail clients. ...

Financial planning

The regulator has released a report in which it expressed concerns about the number of financial advice groups being owned by product issuers. ...

Financial planning

Two large banks have told the PJC that they do not impose sales targets on their financial planners, but revenue targets and adviser bonus structures are still in place....

Life/Risk

Adviser remuneration is only one part of the equation on life/risk churn, says AFA chief executive Brad Fox....

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MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

2 months ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

2 months 3 weeks ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

3 months ago

BlackRock Australia plans to launch a Bitcoin ETF later this month, wrapping the firm’s US-listed version which is US$85 billion in size....

6 days 10 hours ago

ASIC has banned a Melbourne-based financial adviser for eight years over false and misleading statements regarding clients’ superannuation investments....

2 weeks 6 days ago

ASIC has banned a Melbourne-based financial adviser who gave inappropriate advice to his clients including false and misleading Statements of Advice....

2 weeks 4 days ago
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