ASIC
Financial planning
A former senior financial adviser has been convicted and sentenced by the Sydney District Court after ASIC found that he used client funds to fuel a gambling addiction....
Editorial
Until the final wording of the Future of Financial Advice legislation is released, it is impossible to assess what the opt-in agreements have actually achieved for financ...
Superannuation
Reports of payments to a union official and a mandate to a property developer have intensified the spotlight on industry superannuation funds governance....
Editorial
Mike Taylor writes that the Government’s FOFA process has finally produced a genuinely positive outcome in the St John report’s clear analysis of the need for financial p...
Financial planning
Professional Investment Services (PIS) has confirmed to Money Management the departure of chief information officer Len Sanders and the resignation of ASIC concern leader...
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 ...
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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...