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Financial planning
Increased ASIC standards regarding PI insurance are expected to lead to higher premiums, but the full effects may not be evident for some time....
Financial planning
The Australian Securities and Investments Commission is conducting an exhaustive audit of the operations of the country’s largest Australian Financial Services Licensees....
Financial planning
Dealer groups with a mission to grow should be cautious of the risks larger planner numbers have on compliance, Avenue Capital Management director of compliance Mark Lewi...
Financial planning
ASIC has released a second consultation paper on its proposals for compensation and professional indemnity (PI) insurance arrangements for credit licensees....
Financial planning
Professional Investment Services will draw on a $17 million fund it created in 2007 to cater for claims made against the company from Westpoint investors....
Life/Risk
The Association of Independently-Owned Financial Planners board is today meeting with Australia's five insurance underwriters to ask for a 25 per cent reduction in PI pre...
Editorial
Count Financial announces a 9.1 per cent decline in profit and slams the need for PI, arguing it is being penalised for the mistakes of other AFSL holders who shouldn't h...
Life/Risk
Failure of high profile companies testing guidelines to the limit; questions as to whether PI insurers will continue to provide insurance to planners....
Financial planning
The FPA's submission to the PJC has called for tough credentialing before people can call themselves financial planners in a move aimed at further developing a profession...
Financial planning
Financial planning practices are looking to pool their office resources in an attempt to lower costs and stave off forced mergers....
Financial planning
Few financial planners appear to be fully embracing the Financial Planning Association's latest short-form Statement of Advice sample despite high praise for the FPA lead...
Financial planning
Small financial planning practices are struggling with the complex requirements and costs of running their businesses....
Life/Risk
The Insurance Council of Australia has suggested the Government consider the introduction of a compensation fund as an adjunct to PI insurance....
Editorial
Class action launched in 2007 to recover investors' losses in Westpoint property developments....
Life/Risk
Low claims record, no complaints and conservative advice guidelines responsible for drop....
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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?...