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Funds management
The Australian Securities and Investments Commission (ASIC) has banned a trader employed at Westpac Institutional Bank for creating fictitious trading entries and a false...
Superannuation
Self-managed superannuation fund (SMSF) trustees are being warned that they will pay the price for poor product selection if they fail to ensure fund compliance under a n...
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
A $200 million class action could be brought against the Commonwealth Bank-owned Financial Wisdom on behalf of thousands of investors who claim they lost money due to “ba...
Superannuation
The Department of Employment has acknowledged that no provision has been made for communicating default fund outcomes to employers....
Financial planning
The AFP and ASIC have charged an ABS public servant and a NAB employee with insider trading netting $7 million....
Accounting
IPA welcomes Board of Tax discussion paper canvassing key changes to Division 7A of the Tax Act....
Superannuation
The FSC has fulfilled its threat to take the FWC to court challenging the constitution of its expert panel in the default super process....
Financial planning
As Commonwealth FP again finds itself in the media spotlight, the FPA has defended the manner in which it has handled members who broke bad....
Financial planning
The ATO has issued a public ruling which it claims removes any doubt about dividend washing being out of bounds....
Funds management
The FSC has sought to scotch industry super claims that banks are offering incentives to employers on the selection of default funds....
Financial planning
ASIC band former Melbourne credit representative from undertaking credit activities for five years....
Life/Risk
Virgin Money has been fined more than $30,000 for misleading advertising related to its promotion of a life insurance product....
Financial planning
ASIC has cancelled the licence of a CBA-owned advice group, the second in a month, following a request from the bank. ...
Financial planning
ASIC has suspended the licence of failed debenture issuer and mortgage lender Provident Capital Limited....
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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...