POWERED BY MOMENTUM MEDIA
ASIC
Financial planning
With the average cost of a statement of advice having risen to around $2,700 the Financial Planning Association says it’s time to peel back the layers of regulation imped...
Financial planning
The Government wants financial advice to be made more affordable and a Financial Services Council has canvassed easier scaled advice, technology and less red tape as bein...
Financial planning
Financial advice needed to focus on improving the value of advice, rather than focusing solely on the cost, according to a panel....
Financial planning
The Australian Securities and Investments Commission has signalled it wants to remove barriers to the use of scaled advice via a consultation process....
Financial planning
The cost of providing advice to members is "commercially sensitive” and releasing it would not be in the best interests of members, according to major health industry sup...
Policy & Regulation
In a decision which has implications for other sections of the financial services industry, the Federal Court has imposed a $15 million penalty on National Australia Bank...
Policy & Regulation
Over-the-counter derivative issuers AGM Markets, OT Markets and Ozifin have been fined a total of $75 million by the Federal Court of Australia....
Expert Analysis
Financial Services Council policy manager – advice, Zach Castles, argues that regulatory pragmatism can help reduce the cost of financial advice....
Financial planning
The corporate regulator has obtained interim orders and injunctions against Debts Knockout and Debts Wipeout, which claimed to “extinguish” consumer debt but failed to pa...
Financial planning
The corporate regulator’s review on life insurance advice will unlikely be followed by with enforcement action. ...
Financial planning
The Australian Securities and Investments Commission has given a Perth financial planning business 10 weeks to obtain professional indemnity insurance....
Financial planning
A month after being subject to Federal Court proceedings launched by the corporate regulator, the financial services group has announced it would re-brand to E&P Financia...
Financial planning
The COVID-19 pandemic could act as the catalyst for regulatory pragmatism aimed at lowering the cost of advice, according to the Financial Services Council....
Policy & Regulation
Ex-Synchron adviser Anthony Vivian Dick dishonestly used $1.1 million from his clients’ accounts which was spent on items including a $72,000 boat....
Superannuation
Poorly-performing superannuation funds need to be identified and weeded out before the Government embarks on stapling....
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...