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ASIC
Financial planning
Investors are being warned by the Australian Securities and Investments Commission of a Gold Coast based unlicensed financial services business operating under the name o...
Editorial
As ASIC moves to translate the FOFA Acts into a new regulatory environment, there appears every chance that opt-in obligations may need to become an integral part of indu...
Financial planning
Minister for Financial Services Bill Shorten canvasses SMSF compensation levy while fingering some financial advisers on Trio Capital collapse....
Financial planning
The code of conduct carve-out to opt-in requirements has led to questions over what happens when there is a disparity between the approach of licensees and the obligation...
Financial planning
The Parliamentary Joint Committee investigating the Trio Capital collapse says it is more troubling than Storm Financial, and the FOFA changes are unlikely to stop a repe...
Superannuation
Opposition urges action to extend compensation to a wider range of Trio Capital investors....
Policy & Regulation
The Federal Opposition believes some segments of the financial planning industry got 'sold a dummy' on the manner in which approved industry codes of conduct would 'obvia...
Financial planning
Compliance consultant Christina Kalantzis has seen an uptick in the number of boutique financial planners looking to 'hand back' their Australian Financial Services Licen...
Life/Risk
Professional indemnity premiums are high because insurers have difficulty identifying authorised representatives who have made fraudulent claims in the past, according to...
Superannuation
A study currently being conducted by the University of Adelaide may allow both current and prospective SMSF trustees to make greater cost comparisons, according to Plaza ...
Financial planning
Corporate insolvencies remain at historically high levels, rising by 16.7 per cent in the March quarter compared to the same time last year, according to the latest figur...
Financial planning
ASIC has increased the disclosure requirements for unlisted mortgage funds to improve investor awareness of the risks involved....
Policy & Regulation
Government delivers additional funding to ASIC for FOFA and a range of other financial services changes....
Life/Risk
A Menai-based insurance broking firm has had its licence suspended for seven months following surveillance conducted by the ASIC....
Financial planning
The same regulator critical of financial planner responses in a shadow shopping exercise has turned in a 100 per cent fail in responding to parliamentary questions on tim...
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Podcast
The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...