AUSTRALIAN FINANCIAL SERVICES

Accounting

Two key accounting bodies, CPA Australia and the Institute of Chartered Accountants in Australia, have interpreted the Government's conditional licensing regime as a mean...

Editorial

Susanna Khouri believes the Trio Capital debacle has highlighted the need for better mechanisms to compensate investors for loss....

Financial planning

ASIC has wound up an unregistered managed investment scheme known as Master Fund, which extracted $3.6 million from 40 Australian investors....

Editorial

In order to bring back the appeal of managed funds, Australia needs to comply with the newly created international standards on managed fund structures, according to Harv...

Financial planning

The Australian Securities and Investments Commission has urged investors to avoid Connaught Investment Group....

Financial planning

ASIC has offered relief to trustee companies engaging in intrafund transfers, releasing approval criteria and unifying prior State and Territory requirements....

Editorial

Is any sensible financial planning principal capable of resisting the offer of up to $1 million to change dealer groups and/or corporate allegiance?...

Editorial

Although revenues continue to trend down, financial planning practice operating profitability has actually risen in the past year, while advisers also indicate they are o...

Financial planning

A number of recent high profile executive departures reflect the current economic environment and cost-cutting measures being undertaken across financial services and ban...

Superannuation

ASIC has confirmed the degree to which superannuation trustees can now provide non-licensed advice around super forecasts and retirement estimates....

Financial planning

Peter Daly said he was somewhat surprised and 'deeply disappointed' as he departs his role as chief executive and managing director of the Australian Financial Services G...

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...

Financial planning

The Australian financial services system is in danger of being unable to comply with the new foreign tax compliance system proposed by the United States, according to the...

Financial planning

Professional indemnity insurance premiums for planning practices are up 30 per cent from last year, according to Alexis Insurance Brokers principal Christina Kalantzis....

Financial planning

An increase in ASIC funding to aid the implementation of the FOFA reforms will be partly paid for by an increase in fees charged to AFSL holders....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 5 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 1 day ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

2 days 19 hours ago