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Financial planning
There will be no quick fix to the grandfathering issue and the movement of planners between licensees because any possible post-election scenario could take several month...
Editorial
The Association of Financial Advisers was right to open talks with Treasury officials around the status of grandfathering when planners move between one licensee and anot...
Financial planning
ASIC has taken legal action against Fast Access Finance for engaging in unlicensed credit activities....
Superannuation
The Federal Opposition lodges questions on underlying costs of MySuper products....
Financial planning
Industry silent as public makes feelings on ASIC known. ...
Financial planning
Legacy products and commission payments associated with them will continue to be a factor in adviser remuneration, but that doesn’t mean the conflict will remain, accordi...
Life/Risk
A Perth-based insurance broker has been permanently banned for engaging in misleading and deceptive conduct....
Financial planning
ASIC claims it had concerns about the quality of financial advice being delivered in Australia before the collapse of Storm and the Commonwealth FP enforceable undertakin...
Funds management
The review of the managed discretionary account (MDA) sector being undertaken by ASIC is likely to result in a reduction of MDA operators — with only the largest able to ...
Financial planning
Latest research shows up to half of clients using bank-aligned financial planners think their adviser is ‘independent’....
Funds management
Australian Public Trustees (APT) has had its AFS licence cancelled after breaching a number of its financial and reporting obligations....
Financial planning
The regulator has put forward new proposals to update the record-keeping obligations for those who provide financial advice to retail clients. ...
Financial planning
The regulator has released a report in which it expressed concerns about the number of financial advice groups being owned by product issuers. ...
Financial planning
Two large banks have told the PJC that they do not impose sales targets on their financial planners, but revenue targets and adviser bonus structures are still in place....
Life/Risk
Adviser remuneration is only one part of the equation on life/risk churn, says AFA chief executive Brad Fox....
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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...