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Financial planning
Super choice was introduced in July 2005 to allow Australian’s to make their own decisions about how they want to invest for their retirement. Few argued against the legi...
Financial planning
The corporate watchdog has obtained injunctions against a Brisbane-based advice business, its directors and related entities, while in Sydney four individuals have been c...
Financial planning
The corporate regulator has urgently sought orders to restrain the sole director of Palentia, a company formerly known as Kebbel, from leaving the country following a tip...
Financial planning
Auditor KPMG has defended itself against claims that it had some responsibility for the losses incurred by investors in the failed Westpoint group of companies....
Financial planning
ASIC has proactively followed up the main findings of its shadow shopping survey regarding superannuation choice with some suggestions for licensees on how to address the...
Financial planning
The FPA is currently working in conjunction with financial regulatory and complaints bodies to determine how the Westpoint failure will affect its members....
Financial planning
The head of a major Australian bank has included financial planners in a number of finance sectors he claims have been “tickled, but barely touched” by regulation....
Financial planning
A NAB financial planner has pleaded guilty to charges of deceiving a number of the bank’s clients into investing in a Bahamas-based entity that went on to sustain collect...
Financial planning
The former directors of a mezzanine financing company are due to stand trial in Adelaide on 70 charges, following an investigation by ASIC....
Financial planning
FICS has reported a considerable reduction in consumer complaints against financial services providers....
Financial planning
Andre Michalik, the former promoter of a scheme for the early release of superannuation entitlements, has been jailed for two years by the Supreme Court of New South Wale...
Financial planning
A new report by Melbourne University attacking timber managed investment schemes has been described as “seriously flawed” by the industry....
Life/Risk
Overseas organisations are posing a threat to the integrity and equitable operation of the domestic insurance market, according to the head of one of Australia’s leading ...
Financial planning
Many accountants are unaware of what constitutes unlicensed advice, meaning they are often treading a fine line between what they can and can’t discuss, according to thei...
Financial planning
Financial planners have sought legal advice over the role of the auditors of Westpoint in an attempt to recover client funds invested in the failed mezzanine property fun...
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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...