FSCP cancels insolvent adviser’s registration

ASIC/adviser-ban/FSCP/

| By Jasmine Siljic |

A financial adviser has been banned from giving personal advice to retail clients until 2025 after the FSCP found there is a “real risk of harm” to the public’s confidence in the industry if he remains registered.

Read more about:

ASIC

adviser ban

FSCP

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

View articles by Jasmine

Jasmine 's social profiles:

E-mail Author

Perpetual rebuffs $3bn bid from Washington H. Soul Pattinson

Perpetual/Pengana/Washington-H.-Soul-Pattinson/M&A/

| By Laura Dew |

Funds management

Perpetual has rejected a $3 billion acquisition bid from Washington H. Soul Pattinson (WHSP) as it announces a strategic review of its company.

Read more about:

Perpetual

Pengana

Washington H. Soul Pattinson

M&A

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

View articles by Laura

Laura 's social profiles:

First chief executive named to lead CSLR regime

CSLR/AFCA/complaints/compensation-scheme-of-last-resort/

| By Jasmine Siljic |

People & Products

The Compensation Scheme of Last Resort’s transitional board has appointed its first chief executive alongside a non-executive director in the lead up to its scheduled commencement in April 2024.

Read more about:

CSLR

AFCA

complaints

compensation scheme of last resort

AUTHOR

Jasmine Siljic

View articles by Jasmine

Jasmine 's social profiles:

E-mail Author

Russell Investments

Russell Investments is a global investment management partner, dedicated to improving people’s financial security.

Associations divided on impact of Jones’ QAR advice reforms

FPA/QAR/quality-of-advice-review/financial-services-council/FSC/Blake-Briggs/insignia-financial/renato-mota/

| By Jasmine Siljic |

Financial planning

While the FSC largely supports the final tranche of Delivering Better Financial Outcomes reforms, the FAAA is “deeply concerned” about possible negative implications of the new ‘qualified adviser’ term.

Read more about:

FPA

QAR

quality of advice review

financial services council

AUTHOR

Jasmine Siljic

View articles by Jasmine

Jasmine 's social profiles:

E-mail Author

Founding member leaves as AFCA appoints replacement

AFCA/boards/complaints/

| By Jasmine Siljic |

People & Products

The Australian Financial Complaints Authority has welcomed a new member to its independent board as it announces the departure of a founding member.

Read more about:

AFCA

boards

complaints

AUTHOR

Jasmine Siljic

View articles by Jasmine

Jasmine 's social profiles:

E-mail Author

Relative Return: Navigating the ETF space

Podcast/Relative-Return/

| By Robyn Tongol |

Editorial

In this episode of Relative Return, James Harwood, senior portfolio manager at Russell Investments, joins host Phil Tarrant to discuss the burgeoning ETF space and how the asset class can form part of an investment portfolio.

AUTHOR

New look for advice documentation as SOAs scrapped

statements-of-advice/quality-of-advice-review/Stephen-Jones/Best-Financial-Interests-Duty/

| By Laura Dew |

Financial planning

Unveiling the final tranche of Delivering Better Financial Outcomes, Minister for Financial Services, St

Read more about:

statements of advice

quality of advice review

Stephen Jones

Best Financial Interests Duty

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

View articles by Laura

Laura 's social profiles:

E-mail Author

Twitter

Jones unveils final QAR reforms

Stephen-Jones/quality-of-advice-review/treasury/financial-advice/statement-of-advice/banks/

| By Laura Dew |
Financial planning

Minister for financial services, Stephen Jones, has unveiled the final tranche of his Delivering Better Financial Outcomes reforms with a focus on banks, simpler advice documentation and a new type of 'qualified adviser'.

Read more about:

Stephen Jones

quality of advice review

treasury

financial advice

statement of advice

banks

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

View articles by Laura

Laura 's social profiles:

E-mail Author

Twitter

Coastal Advice Group acquisitions bring FUM to $1bn

financial-advice/M&A/NSW/

| By Jasmine Siljic |
Financial planning

The NSW advice firm has acquired two advisory practices in Adelaide and one in Port Macquarie, representing its ambitious growth plans to expand across Australia.

Read more about:

financial advice

M&A

NSW

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

View articles by Jasmine

Jasmine 's social profiles:

E-mail Author

Pagination

First page

Previous page

…

Page 262

Page 263

Page 264

Page 265

Current page 266

Page 267

Page 268

Page 269

Page 270

…

Next page

Last page

back to top

Subscribe to

Never miss the latest news and developments in wealth management industry

SUBSCRIBE TO OUR NEWSLETTER

Tariffs Across Eras: Why 2025 Is Not 1930
1 min read • Read now

Zagga Retains 4-Star ‘Superior’ Rating by SQM Research for Fifth Consecutive Year
1 min read • Read now

A Smarter Way to Invest in Property: WINIM Launches Australian Ready-to-Ready First Fund
1 min read • Read now

From Investment Banking to Boutique Fund Management: How Rixon Capital’s Founder is Redefining Private Credit
1 min read • Read now

View all

MARKET INSIGHTS

More Market Insights content

Podcast

Relative Return Insider: Market volatility fails to dent super fund performance

Listen now

Relative Return Insider: Conflict, defence spending, CPI, and a not-so-beautiful bill

Listen now

More podcasts

Latest Comments
Most Read

So we are now underwriting criminal scams?...

UGC to blame for 'eyewatering' CSLR cost increase

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

Stephen Jones to retire

5 months 1 week ago

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

Adviser sees registration suspended over ROA usage

7 months 1 week ago

FSCP raps adviser over ‘extraordinary fees’ for inappropriate advice

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...

1 week 6 days ago

ASIC cancels AFSL and permanently bans its responsible manager

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 2 days ago

ASIC confirms 2024–25 industry levy

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

3 days 20 hours ago

FSCP cancels insolvent adviser’s registration

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

Perpetual rebuffs $3bn bid from Washington H. Soul Pattinson

AUTHOR

Laura Dew

Laura 's social profiles:

First chief executive named to lead CSLR regime

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

Associations divided on impact of Jones’ QAR advice reforms

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

Founding member leaves as AFCA appoints replacement

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

Relative Return: Navigating the ETF space

AUTHOR

New look for advice documentation as SOAs scrapped

AUTHOR

Laura Dew

Laura 's social profiles:

Jones unveils final QAR reforms

AUTHOR

Laura Dew

Laura 's social profiles:

Coastal Advice Group acquisitions bring FUM to $1bn

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

Never miss the latest news and developments in wealth management industry

Tariffs Across Eras: Why 2025 Is Not 1930

Zagga Retains 4-Star ‘Superior’ Rating by SQM Research for Fifth Consecutive Year

A Smarter Way to Invest in Property: WINIM Launches Australian Ready-to-Ready First Fund

From Investment Banking to Boutique Fund Management: How Rixon Capital’s Founder is Redefining Private Credit

MARKET INSIGHTS

Podcast

OUR PLATFORMS AND BRANDS

EVENTS AND SUMMITS

PODCASTS

LEARNING AND EDUCATION

MOMENTUM MARKETS NETWORK

STAY CONNECTED

USEFUL LINKS

OUR PLATFORMS AND BRANDS

EVENTS AND SUMMITS

PODCASTS

LEARNING AND EDUCATION

MOMENTUM MARKETS NETWORK

LINKS

CATEGORIES

STAY CONNECTED