The Australian Securities and Investments Commission is conducting an exhaustive audit of the operations of the country’s largest Australian Financial Services Licensees....

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...

ASIC has released a second consultation paper on its proposals for compensation and professional indemnity (PI) insurance arrangements for credit licensees....

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....

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...

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...

Failure of high profile companies testing guidelines to the limit; questions as to whether PI insurers will continue to provide insurance to planners....

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 practices are looking to pool their office resources in an attempt to lower costs and stave off forced mergers....

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...

Small financial planning practices are struggling with the complex requirements and costs of running their businesses....

The Insurance Council of Australia has suggested the Government consider the introduction of a compensation fund as an adjunct to PI insurance....

Class action launched in 2007 to recover investors' losses in Westpoint property developments....

Low claims record, no complaints and conservative advice guidelines responsible for drop....