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Funds management
Success does not come easily to boutique fund managers who have to jump several hurdles to find their way onto advisers’ approved product lists. ...
Financial planning
Specialist lawyer urges advice firms to be wary of any moves by ASIC to have licensees trade away the monetary limits applying to EDR schemes such as FOS....
Financial planning
IOOF has sought to defend itself in the face of a class action moves by plaintiff law firm, Maurice Blackburn, claiming the proposed action is misconceived....
Financial planning
Deloitte Australia has today launched a new centre to assist financial services companies manage regulatory challenges across Asia Pacific....
Financial planning
The Commonwealth Bank has backed the banning of two of its former CFPL advisers and claims credit for identifying the problems and cooperating in the outcome....
Policy & Regulation
ASIC has pointed to six bannings from its “Wealth Management Project” focused on the largest wealth management firms, including the major banks....
Financial planning
ASIC has announced the banning of another Commonwealth Financial Planning authorised representative, this time for eight years....
Funds management
Parliamentary committee warned that Australian family offices will look to invest offshore in the face of threats to their tax confidentiality....
Superannuation
The Financial Services Council has claimed that some unions are blocking superannuation fund mergers to protect the revenue they derive from seats on industry fund boards...
Financial planning
ASIC imposes additional licence conditions on Countplus subsidiary, Total Financial Solutions, after surveillance reveals concerns over conduct of AR....
Financial planning
In more fall-out from its investigation into the Sherwin Group of companies, ASIC has started an investigation into the operation of Money Market Accounts held by Sherwin...
Funds management
CBA have launched a new online portal which allows SMSF trustees to manage their compliance and reporting duties as well as a complete view of assets and liabilities with...
Editorial
ASIC chairman, Greg Medcraft, will leave a legacy of significant change, but product intervention powers and a user-pays regime might ultimately prove problematic....
Superannuation
Proposed ASIC class order changes to fees and costs disclosure are so opaque one industry group has called for whiteboards and an industry roundtable to dissect them....
Policy & Regulation
The Australian Securities and Investments Commission chairman, Greg Medcraft, wants access to a penalty regime which can be scaled to fit the magnitude of crimes....
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Podcast
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...