STORM FINANCIAL
Financial planning
The Bank of Queensland has issued a brief statement confirming it is the subject of an investigation by the Australian Securities and Investments Commission....
Financial planning
Majority of clients repaying their loans according to contract; 14 hardship applications approved....
Financial planning
The regulator has admitted that the licensing requirements applied to financial services companies are lower than some investors may realise - confirming what some in the...
Financial planning
Will review clients on case-by-case basis, dissatisfied clients free to pursue other legal means....
Financial planning
The Bank of Queensland is believed to have threatened to sue clients of Storm Financial for misrepresenting their income - a response that is now in stark contrast to CBA...
Financial planning
The chief executive of the Commonwealth Bank of Australia has admitted there were "shortcomings" relating to loans granted to clients of the failed financial planning gro...
Financial planning
Consumer group Choice is lobbying the Government to ban what it describes as "perverse incentives" paid to financial advisers that serve to make the advice consumers rece...
Financial planning
Financial Index Australia acquires rights to service remaining 4,000 clients of Storm Financial....
Financial planning
The losses incurred by clients of Storm Financial could be traced back to the faulty systems employed by Colonial Geared Investments, according to a former key executive ...
Financial planning
The Australian financial planning industry is again the subject of severe criticism over the collapse of an agricultural managed investment scheme specialist, Great South...
Financial planning
A Queensland financial planner's submission to the Rippoll inquiry argues that while the law may distinguish between financial advisers and product salespeople, the finan...
Financial planning
The first legal action to be mounted against Storm Financial is expected before the courts by the end of the month....
Financial planning
The Parliamentary Joint Committee on Corporations and Financial Services is undertaking an inquiry, the terms of reference of which include the role and remuneration of f...
Financial planning
The successful bidders for up to 10,000 clients of collapsed dealer group Storm Financial are scheduled to be announced this Friday, according to Steve Prendeville, direc...
Financial planning
The financial services industry needs to be more proactive in weeding out companies that pose a potential risk to both consumers and the reputation of the industry, and t...
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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...