AFS

Policy & Regulation

ASIC has changed the status of the AFS licence for two financial services groups, one of which had its director banned in October over his refusal to pay AFCA determinati...

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Financial planning

The Australian Securities and Investments Commission has changed the financial requirements for some types of Australian financial services licensees by allowing them to ...

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Funds management

The Australian Securities and Investments Commission has announced that the Federal Court has ordered the winding up of un unregistered managed investment scheme operated...

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Financial planning

The Australian Securities and Investments Commission (ASIC) has suspended the Australian Financial Services licence of Sydney-based retail over-the-counter derivatives is...

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Funds management

The Government’s proposed changes to class action and litigation funding may see lawyers subject to some of the same obligations as financial advisers, according to the A...

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Financial planning

TWUSuper has acknowledged to a Parliamentary Committee that it has personnel embedded within branches of the Transport Workers Union but none of them are providing advice...

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Financial planning

The Financial Planning Research Journal, published by Griffith University and the Financial Planning Association of Australia, has introduced three new research awards an...

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Financial planning

The Australian Securities and Investments Commission has confirmed the cancellation of the Spectrum Wealth Advisers license and has notified all advisers and clients of t...

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Life/Risk

While the new design and distribution obligations for retail insurance products will impact insurers more, sellers of retail insurance products will still see some new re...

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Financial planning

With the Royal Commission resulting in a tougher insurance market, organisations looking to get professional indemnity cover should act quickly to ensure they’re not left...

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Financial planning

The Australian Securities and Investments Commission has revoked the authorisations of 58 authorised representatives who it found had been inappropriately dual-authorised...

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Policy & Regulation

A former Australian Financial Services authorised representative has been jailed for 10 years for using clients’ funds “as he pleased”....

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Policy & Regulation

The securities regulator has banned Yossef Ashkenazi of Victoria from providing financial services for a period of eight years....

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Financial planning

The Australian Securities and Investments Commission has cancelled the AFS licence of Austplan, effective from 25 November....

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Financial planning

ANZ has admitted it made mistakes in seeking to ‘on-board’ planners from AFS Group after it had been the subject of an enforceable undertaking....

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MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

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Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

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gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

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A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

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ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

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Having divested its advice business in August, AMP is undergoing restructuring in at least four other departments amid a cost simplification program....

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