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AUSTRALIAN FINANCIAL SERVICES
Financial planning
The FSC is pressing the Goverment to form a financial services export coordination body....
Financial planning
Fortnum Financial Group is set to become one of Australia’s largest independently owned AFSLs, after completing the purchase of ANZ’s 20 per cent stake in the company....
Financial planning
ASIC has cancelled the AFSLs of seven licensees who did not have adequate professional indemnity insurance....
Editorial
Money Management’s 2014 Top 100 Dealer Group research has revealed an industry which has changed substantially since 2007/08 and might be on the cusp of further change. ...
Policy & Regulation
The compliance work involved in running an AFSL has intensified under the FOFA reforms, Ausingroup’s head of wealth management, Mark Morcos believes,...
Financial planning
ASIC has cancelled eight Australian Financial Services licences, after its review of licensees who failed to lodge audited annual statements....
Financial planning
ASIC has suspended the AFSL of Brisbane-based planning business, Custom Wealth Solutions Dealer Services Pty Ltd....
Financial planning
Financial services licensees should make it a point to highlight their conflicts of interests with life insurance companies to clients....
Financial planning
The FSC said Australian funds managers will gain cross-border access, and the financial services sector will benefit from the Japan Australia Economic Partnership Agreeme...
Financial planning
The level of proportionate liability for the actions of planners and licensees has been made uncertain after the Federal Court contradicted itself in recent ruling....
Financial planning
ASIC has secured an interim order preventing Vault Market Pty Ltd and its director, MD Anamul Amin, from carrying on a financial services business without an Australian F...
Financial planning
Financial advisers need to be careful when deciding to treat clients as “sophisticated investors”, senior lawyer at The Fold Legal, Lesley Thorne, warns....
Financial planning
ASIC should be given the power to immediately suspend financial planners who it suspects have engaged in misconduct according to Senate Committee....
Financial planning
Institutionally-owned Australian financial services licensees are bound by approved product lists, which compromises advice and products they recommend to clients, one fi...
Financial planning
Businesses in the Australian financial services and insurance sector are among the countries top users of IT, according to the Australian Bureau of Statistics. ...
MARKET INSIGHTS
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Podcast
My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...
Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...
How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...