best interests

Financial planning

Perth-based financial services provider Ballast will offer its full service offering to Go Gecko Real Estate as part of a formal strategic alliance....

Superannuation

Rogue property advisers turn their sights on SMSFs

SMSFs may be booming - but the unwary can also find themselves within the sights of a small number of dodgy property advisers and mortgage brokers, writes Damon Taylor. ...

Funds management

LM Investment Management’s AFSL suspended for two years

ASIC has suspended LM Investment Management’s AFSL for two years as its investigation into the fund manager continues. ...

Accounting

Amended APES 230 standard passed

The APESB has agreed on the amended version of the controversial APES230 standard. ...

Funds management

LM Investment Management under voluntary administration

The directors of LM Investment Management have appointed John Park and Ginette Muller of FTI Consulting as voluntary administrators....

Life/Risk

ASIC will not give up on churn issue

There have been too many bad practices with respect to churn for the regulator to abandon this issue, according to ASIC Commissioner Peter Kell....

Editorial

Does FOFA pose Hobson’s choice?

As planners grapple with how to implement the changes flowing from the FOFA reforms, David Hasib examines the stark choices that many will have to make, including actuall...

Financial planning

Director banned for three years

A Sydney director has been banned for three years after an Australian Securities and Investments Commission (ASIC) investigation found he was unfit to engage in credit ac...

Financial planning

Client management the key to scaled advice

Ibbotson Associates’ Matthew Esler highlights that effective client engagement not only empowers financial planners with the key to unlocking scaled advice but also ensur...

Superannuation

SMSFs face a year of regulatory upheaval

Will 2013 be the defining year for self-managed super funds? Bryan Ashenden's policy overview discusses the implications for advisers....

Life/Risk

Former insurance broker accepts ASIC's findings

Former director of insurance broker offers enforceable undertaking to the Australian Securities and Investments Commission (ASIC)....

Policy & Regulation

Compliance burden to shift to advisers under FOFA

Updated regulatory guidance published by the Australian Securities and Investments Commission (ASIC) late last year has shifted much of the compliance burden directly ont...