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Financial planning
Shadow shoppers seeking financial planning advice for ASIC’s current shadow shopping campaign are no longer at large....
Financial planning
Prospectus issuers and their advisers have failed to fully meet Corporations Act disclosure requirements to provide “clear, concise, and effective” prospectuses according...
Financial planning
The Senior Australian Equity Release Association of Lenders (SEQUAL) was formed early last year in order to set voluntary codes of conduct for its member organisations – ...
Financial planning
The ACA has called for greater prudential control over unsecured investments following the winding up of two Westpoint mezzanine finance companies, and warned investors o...
Financial planning
ASIC has delivered one of its most stinging criticisms of commission-based selling of financial planning advice, and called for dealer groups around the country to move t...
Financial planning
A financial adviser who deliberately concealed a criminal past from two prospective employers has been permanently banned from providing financial services....
Financial planning
Planning practices have been urged by the Financial Planing Association (FPA) to appoint a ‘conflicts officer’ in order to comply with new regulations, but the associatio...
Financial planning
ASIC has been too busy playing with the red tape of licence applications to perform its surveillance and enforcement activities, a damning report of the regulator’s perfo...
Financial planning
The AIOFP has criticised the FPA’s comments last week that investors, not planners, were responsible for money lost through investments in Westpoint-associated products, ...
Financial planning
Creditors who lost money from failed investments attributed to Westpoint are preparing to launch a class action against the financial planners who helped sell them the pr...
Financial planning
Canberra has criticised ASIC for negative comments one of its senior executives made about financial planners at a public function....
Financial planning
ASIC has made its regulatory presence felt in the superannuation choice of fund environment with exercises such as super switching surveillance and a current shadow shopp...
Financial planning
A former director of unlicensed Sydney financial services business, Pegasus Leveraged Options Group, has been jailed for eight years for the theft of $2.1 million from cl...
Financial planning
APRA and ASIC will jointly release an industry best practice guide on unit pricing within the next three weeks....
Financial planning
ASIC is not ‘out to get’ the advice industry or restructure it, preferring to work with the industry to help improve standards, according to ASIC commissioner and current...
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The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...