AUSTRALIAN FINANCIAL SERVICES

Financial planning

ASIC has permanently banned Southport-based former financial adviser, Grant Patrick Thompson, from providing financial services....

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People & Products

AIA Australia has named Damien Mu, General Manager, Life Insurance of AIA Australia, as its next chief executive officer. ...

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Financial planning

Financial services firms concerned about compliance may be better off sharing a licence with other parts of the business, a specialist lawyer says. ...

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Superannuation

ASIC grants relief to super fund’s advisory arm to reduce advisor exposure to personal liability....

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Financial planning

Real estate agents, mortgage brokers, bank employees and SMSFs should all be subject to common regulation, according to Chan and Naylor’s David Hasib....

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Financial planning

A $200 million class action could be brought against the Commonwealth Bank-owned Financial Wisdom on behalf of thousands of investors who claim they lost money due to “ba...

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Funds management

Australia and the United States have signed an agreement to reduce the burden on Australian financial institutions in adhering to the US’s Foreign Account Tax Compliance ...

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Financial planning

ASIC has suspended the licence of failed debenture issuer and mortgage lender Provident Capital Limited....

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Superannuation

Macquarie Bank's David Barrett takes a closer look at the cost complexities of setting up a SMSF....

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Funds management

Australasian Wealth Investments’ subsidiary invests $250,000 into online investment advice and managed funds supplier...

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Financial planning

The FSC has applauded the Japan-Australia free trade agreement as offering big opportunities for export expansion in financial services....

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Accounting

Accountants are grossly miscalculating the cost of licensing their own SMSF advice business, with many expecting to pay around an eighth of the actual cost....

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Financial planning

An enforceable undertaking is one of the major challenges that can confront a financial services business, writes Grant Holley, but it need not be a nightmare and can be ...

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Financial planning

New research confirms superannuation has been the driver for financial services growth and that financial planners still suffer from negative perceptions....

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Financial planning

Milana Pokrajac explores the pluses and minuses of vertically integrated dealer groups and the concept of a so-called ‘benign institution’....

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Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

4 days 6 hours ago
Jason Warlond

Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...

4 days 7 hours ago
Jasmin Jakupovic

How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...

5 days 6 hours ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 1 week ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

8 months 4 weeks ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 1 week ago