POWERED BY MOMENTUM MEDIA
ASIC
Financial planning
The tribunal noted that the adviser has suffered with loss of employment and was the sole breadwinner as a single mother, and thus should have a reduced penalty....
Financial planning
Advisers giving limited advice will need to explain what advice they cannot provide and the implications to fulfil best interests duty....
Financial planning
Relief from the corporate regulator levy, which could have tripled in three years without action, is the biggest win for the industry this year, according to the Associat...
Financial planning
The Australian Securities and Investments Commission has said it will bring back the use of the enforceable undertakings....
Financial planning
A body to monitor the regulators has begun its first review into the Australian Securities and Investments Commission and expects to provide a report by July 2022....
Funds management
The firm was fined for false and misleading marketing of its $5.15 billion Australian Credit fund over three years....
Financial planning
There will be ‘probably’ four sittings of the financial adviser exam in 2022, according to the corporate regulator....
Superannuation
QSuper will have to communicate clearly with members of Sunsuper, ahead of their merger in February, that they could be liable to pay a fee for fines or penalties incurre...
Outsider
Appearing before the Senate economics committee via video link with all the associated technical difficulties and political grilling must be a nerve-wracking experience, ...
Financial planning
The Stockbrokers and Financial Advisers Association has welcomed the report that led to the corporate regulator putting additional licence conditions on the Australian Se...
Financial planning
Ahmed Saad will serve a nine-month prison sentence for illegally allowing clients to withdraw superannuation funds from 2016 to 2017. ...
Funds management
There are numerous problems involved in cryptocurrency which will make it difficult for firms to bring a regulated product to market, according to Aequitas Investment Par...
Financial planning
Former AMP financial adviser, David Fong, and his Perth-based company Fong Financial Planners have been charged with dishonest conduct....
Life/Risk
The corporate regulator alleges MLC Life Insurance, in some instances, failed to pay life insurance benefits, notify on premium rises or refund premiums, amongst other br...
Financial planning
Gordon-based former financial adviser, Ezzat-Daniel Nesseim, has pleaded guilty to five criminal offences which included dishonest conduct and using fabricated evidence....
Never miss the latest news and developments in wealth management industry
MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...