ASIC reject claims of undermining inquiry

ASIC/senate/Senate-Economics-Committee/

ASIC has unequivocally rejected claims that it tried to undermine a Senate inquiry by requesting public interest immunity for certain questions.

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ALRC seeks to better recognise advice professionalism in legislation

ALRC/legislation/quality-of-advice-review/corporations-act/

The ALRC’s third interim report is seeking to change financial services legislation to better reflect efforts that have been made to improve advice outcomes and professionalise advice.

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Winners of the Fund Manager of the Year Awards revealed

FMOTY/Fund-Manager-of-the-Year/

There were more than 20 individual and group winners at the Fund Manager of the Year Awards 2023, hosted

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CSLR passes Parliament

CSLR/AFCA/complaints/

The Compensation Scheme of Last Resort legislation has passed in Parliament today, having first been raised back in 2016.

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June sees spike in ceased advisers on FAR

Wealth-Data/financial-adviser-register/new-entrants/

The number of ceased advisers has risen by 73 advisers since the start of June and further losses are expecting in the run-up to the end of financial year.

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ASIC accepts court enforceable undertaking from former Capstone adviser

Capstone/ASIC/AFCA/

ASIC has accepted a court enforceable undertaking from a former Capstone authorised representative for failing to keep up-to-date records.

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BT CEO on firm’s next plans for platform business

BT/platforms/westpac/BT-Panorama/mercer/

BT chief executive, Matt Rady, has shared with Money Management what the firm plans to do with its platform business after it concluded its sale process this week.

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Perth adviser found guilty of 36 counts of stealing

Western-Australia/financial-theft/ASIC/

A financial adviser has been found guilty by the District Court of Western Australia of stealing from clients.

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Westpac updates on BT platform business sale

westpac/BT/BT-platforms/

Big four bank Westpac has concluded its competitive search for a buyer of the BT platform business.

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Blackwattle to launch first 3 funds next month

Funds-management/small-cap/small/mid-caps/long-short/

Blackwattle has shared details about its future fund range, with three to be launched in July, as the firm’s portfolio managers each make $1 million in personal commitments to the business.

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