FSCP
Financial planning
Financial advisers are reminded to ensure their CPD is up to date with the Financial Services and Credit Panel making its second determination in a week after an adviser ...
Financial planning
An adviser has received a written reprimand from the Financial Services and Credit Panel after failing to meet his CPD requirements, the panel’s first action since June....
Financial planning
Determinations by the FSCP since the start of 2025 are almost double the number in the same period of 2024, with non-concessional contribution cap errors and incorrect ad...
Financial planning
The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...
Financial planning
Two advisers have received reprimands from the Financial Services and Credit Panel after falling short of their CPD requirements....
Financial planning
A financial adviser has been given a reprimand by the FSCP for contraventions under the Corporations Act regarding superannuation advice....
Financial planning
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions. ...
Financial planning
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?...
Financial planning
The Financial Services and Credit Panel has made a decision regarding an adviser who failed to complete their continuing professional development. ...
Financial planning
The Financial Services and Credit Panel has made a written direction after advice regarding non-concessional contributions meant an individual was forced to withdraw over...
Financial planning
ASIC was active in the first quarter of 2025 with several financial adviser bannings and court action, while the FSCP also handed down outcomes to advisers....
Financial planning
The regulator has convened multiple sitting panels of the FSCP regarding AFSL breach reports which have identified poor superannuation advice from financial advisers....
Financial planning
The Financial Services and Credit Panel has cancelled the registration of an NSW adviser for two years as it felt he displayed a ‘level of incompetence’ in providing advi...
Financial planning
Advice around a client’s concessional contribution cap was the reason for the latest written direction by the Financial Services and Credit Panel....
Financial planning
A relevant provider has received a written direction from the Financial Services and Credit Panel after a superannuation rollover resulted in tax bill of over $200,000 fo...
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