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Financial planning
Former financial adviser Mustafa Mohammed, MyWealth Manager and other related entities are being investigated by the Australian Securities and Investment Commission....
Policy & Regulation
Unsolicited cold call sales of direct life insurance and consumer credit insurance are to be banned by the Australian Securities and Investments Commission....
Financial planning
The Australian Securities and Investments Commission has confirmed the reliance of superannuation funds on general advice and the regulator’s concerns about vertical inte...
Financial planning
The quality of advice provided by retail funds and industry funds have been found to be similar, according to the Australian Securities and Investments Commission....
Superannuation
The Australian Securities and Investment Commission’s attempt to improve RG 97 will fail to provide a single measure that incorporates the effect of fees and costs, accor...
Financial planning
The Australian Financial Complaints Authority has said it will take the Financial Adviser Standards and Ethics Authority code of ethics into account in making its determi...
Financial planning
South Australian adviser Wendy Chapman has been banned for five years, while Queensland adviser Nina Williams has received a one-year ban....
Policy & Regulation
Intra-fund advice fees will be rolled up into administration fees and costs and the Australian Securities and Investments Commission has foreshadowed moving on fees and c...
Funds management
While the amount of exchange traded fund offerings has exceeded 200 there are still gaps for more offerings, according to ETF Securities....
Financial planning
The Australian Securities and Investments Commission has foreshadowed court action in the wake of a review of fee disclosure statements and renewal notices which uncovere...
Financial planning
Colonial Mutual Life Assurance Society, trading as CommInsure, has been convicted of 87 counts of life insurance hawking after pleading guilty last week....
Financial planning
Industry submissions to the Financial Adviser Standards and Ethics Authority were calling for a 12-month adviser code exemption just a week before the Australian Securiti...
Policy & Regulation
Peter Jianchao Xu has been banned by the Australian Securities and Investments Commission for failing to comply with best interests duty....
Financial planning
The Federal Court of Australia has found that Dover Financial Advisers made false and misleading statements in client protection policy between September, 2015 and March,...
Financial planning
The Financial Adviser Standards and Ethics Authority is now on formal notice to answer Senate Estimates questions about the content of Australian Securities and Investmen...
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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...