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AUSTRALIAN FINANCIAL SERVICES
People & Products
Liquidators have been appointed to Empower Invest and Newcastle Palais Holdings - two companies that operated an unregistered managed investment scheme - after the compan...
Financial planning
Australia’s housing market remains susceptible to ‘black swan’ events such as major overseas conflicts, a potential market collapse in China or natural disasters like the...
Financial planning
AFS principal Peter Daly says he’s frustrated about how long it is taking for the group to be acquired....
Financial planning
The Federal Treasury appears to have left open the question of a statutory compensation scheme covering financial planners, with a review due for completion in January st...
Financial planning
The Australian Securities and Investments Commission (ASIC) has revised the internal dispute resolution (IRD) procedures for financial institutions to help reduce paperwo...
Financial planning
ASIC has taken action against four websites that make false and misleading claims or provide financial services without an AFSL....
Superannuation
Industry fund LUCRF Super has announced it will streamline its intra-fund advice process with the adoption of Provisio Technologies’ rapid advice delivery software....
Editorial
The Government's Future of Financial Advice proposals may serve to alter the legislative environment but, as Mike Taylor writes, new research suggests much more is requir...
Financial planning
The Australian Institute of Superannuation Trustees (AIST) has taken a largely sympathetic approach to an option within a Treasury options paper to alter the Australian F...
Life/Risk
A former travelling insurance agent has been banned for life from providing financial services and sentenced to seven months in jail after defrauding several of his clien...
Financial planning
Financial planners and accountants need to work together to lobby against licensing changes that affect both sectors in similar ways, according to HNW Planning director R...
Financial planning
Financial planners will be closely watching the discussion and debate surrounding the Future of Financial Advice (FOFA) reforms....
Financial planning
The replacement of outgoing Financial Planning Association CEO Jo-Anne Bloch by Godfrey Pembroke chief Mark Rantall attracted criticism from some quarters of the industry...
Funds management
Islamic funds manager Crescent Funds Management has been granted an AFSL, and plans to launch a Shariah-compliant Australian equities fund in the first quarter of 2011....
Financial planning
The former director of Power Financial Planning, who dealt in Westpoint products, has been sentenced to 12 months imprisonment....
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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...