Does ASIC run the risk of regulatory overreach?

ASIC DDOs regulation

With ASIC playing a role in interpreting the law through materials like regulatory guides and in part enforcing the law through stop orders, a panel has questioned if the regulator could occasionally toe the line of overreach.

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Kenneth Hayne on the conflict of interest problem in advice

Kenneth Hayne Hayne Royal commission quality of advice review

In a rare speech, former High Court justice, the Honourable Kenneth Hayne, has questioned whether advisers can ‘stand in more than one canoe’, when it comes to conflict of interest between client and product provider.

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Lazard financial advisory head appointed new CEO

Lazard financial advice CEOs

Peter Orszag, chief executive of financial advisory since 2019, has been named CEO of Lazard, effective 1 October 2023.

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100 advisers join Count’s expanded network

TAL Affinia Countplus

Count has announced the successful acquisition of financial advice business Affinia from TAL, welcoming around 100 advisers to its national community.

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AMP scraps wealth management CEO role

amp wealth management

Scott Hartley is to depart AMP as the firm scraps his CEO of Australian wealth management role while CFO Peter Fredricson will depart after less than a year in the position.

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Magellan CEO on letting staff finally be heard

Magellan Hamish Douglass David George

EXCLUSIVE Magellan boss David George has been busy creating a culture of inclusion where fresh investment ideas are generated from the bottom up and meetings are short and sharp.

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Praemium repositions for growth following international exit

praemium platforms artificial intelligence technology

EXCLUSIVE Six months into the role, Praemium’s chief strategy officer, Denis Orrock, has explained how he is positioning the platform technology company for growth.

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Treasury details proposed APRA and ASIC levy figures

ASIC APRA levy

Treasury has issued a consultation paper detailing the proposed levy figures for APRA and ASIC in 2023-24.

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Pinnacle founder on avoiding ‘rockstar culture’ in fund management

Pinnacle Magellan fund management

Pinnacle’s founder, Ian Macoun, has explained how he has structured the firm with its affiliate boutiques in order to avoid the negative impact of key person risk.

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Digital advice ‘market leader’ in voluntary administration

digital advice Financial planning advice intelligence

One of Australia’s leading providers of digital advice solutions has entered voluntary administration.

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MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

3 weeks 5 days ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 month ago

Interesting. Would be good to know the details of the StrategyOne deal....

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Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equi...

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