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Policy & Regulation
When the "best interests" duties contained in the Future of Financial Advice (FOFA) reforms become law, the lack of a legal precedent will see the Financial Ombudsman Ser...
Financial planning
The Australian Securities and Investments Commission (ASIC) has obtained urgent Federal Court orders to preserve funds held by a Queensland company operating as a mutual ...
Editorial
A charity that lost $1.5 million in a hedge fund manager that collapsed during the GFC is suing the advice firm that recommended the fund....
Financial planning
ASIC has been successful in having the Federal Court overturn an appeal from Opus Capital at the Administrative Appeals Tribunal against the cancellation of its AFSL....
Financial planning
The Federal Court has found in favour of Australian Unity after David Tweed's Direct Share Purchasing Corporation (DSPC) took an action seeking to force it to register a ...
Financial planning
Clients who run businesses should be extremely careful in classifying those they engage as contractors, as the wrong decision can result in many unfavourable outcomes, wr...
Financial planning
The corporate regulator has obtained orders to wind up York Capital Limited - a company previously linked to former Fincorp director Graeme Byers....
Financial planning
A group of investors in the distressed Premium Income Fund (PIF) have commenced urgent legal action against Brisbane-based fund manager Wellington Capital and its directo...
Financial planning
A $29 million class action on behalf of Fincorp investors will go ahead after being granted approval by the Federal Court of Australia on Friday....
Financial planning
Tower shareholders have voted overwhelmingly in favour of a takeover by Japanese insurer Dai-Ichi Life....
Financial planning
A new guide has been released by the Australian Taxation Office to help tax advisers avoid falling into the trap of inadvertently marketing tax avoidance schemes....
Financial planning
More than 5,000 investors who have lost money through collapsed Fincorp Investments may be eligible for compensation under a proposed settlement scheme negotiated by Slat...
Financial planning
Law firm Slater & Gordon will file a proposed settlement of a class action against Sandhurst Trustees Limited in relation to the collapse of Fincorp Investments....
Financial planning
Professional Investment Services has commissioned a report examining a proposed takeover of the Opus 21 property fund by Century Funds Management – a report Opus ha...
Funds management
In another win for Westpoint investors, the Australian Securities and Investments Commission (ASIC) has settled a compensation suit with KPMG and certain Westpoint Group ...
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...