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Financial planning
ASIC chairman, Greg Medcraft admits ambiguity led to CommFP client compensation failures, but claims the bank was not “upfront”....
Superannuation
APRA has admitted it doesn’t monitor the expenses of superannuation fund executives or trustees....
Editorial
Mike Taylor writes that the board of the Commonwealth Bank must be wondering how it was possible for the controversy around Commonwealth Financial Planning to get worse....
Financial planning
Penalties for financial planners who breach the law are not severe enough, the Australian Securities and Investments Commission believes....
People & Products
Former MLC chief executive Steve Tucker will head up a new funds management firm, slightly more than a year after his departure from the NAB-owned business. ...
Financial planning
Banks are being warned against high risk lending by the Australian Prudential Regulation Authority (APRA), as house prices continue to grow in many markets across the cou...
People & Products
The Financial Services Council (FSC) has appointed AMP group executive insurance and superannuation Pauline Blight-Johnston to its board....
Financial planning
An embarrassed ASIC has imposed license conditions on Comm FP and Financial Wisdom as short-comings in compensation arrangements are revealed....
Financial planning
The Institute of Managed Account Providers will be telling planners about their options in a national roadshow starting in June. ...
Financial planning
Former sole director of Sonray Capital Markets, Russell Andrew Johnson, has been sentenced to six-and-a-half years in jail after pleading guilty to seven charges last yea...
Financial planning
Newspaper reports are speculating that the Government will sell off ASIC’s company registry business. ...
Editorial
Mike Taylor writes that ASIC is right to pursue managers with just as much vigour as it pursues financial planners when things go wrong. ...
Financial planning
Lawyer points to possible action against planners and accountants as Timbercorp class action fails....
Funds management
Equity Trustees purchase of the trustee division of ANZ Bank to be funded by equity raising....
Financial planning
The founders of Bridges Financial Services are looking to float their managed discretionary account business, managedaccounts.com.au...
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MARKET INSIGHTS
Podcast
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...
So we are now underwriting criminal scams?...