ASFL

Financial planning

ASIC has updated its reportable situations regime to remove the need for licensees to submit breach notifications for certain misleading or deceptive conduct breaches....

Financial planning

Licensees are responsible for notifying the corporate regulator that their advisers have completed the exam, however finding whether an adviser has passed isn’t easily ac...

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Financial planning

The Australian Securities and Investments Commission has prosecuted many people for operating without an Australian Financial Services License but it appears no one has b...

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Policy & Regulation

The Australian Securities and Investments Commission has seen a “significant escalation” in complaints about unlicensed operators providing financial product advice witho...

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Features

Mike Taylor writes that the Financial Planning Association may well have identified a key element of the future of the financial advice industry but no one should overloo...

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Editorial

Australia’s litigation funders have, by and large, done a good job but few in the financial services industry will argue against making them rise to the requirements of h...

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Policy & Regulation

They have been charged with breaching client money obligations from between December, 2014, and September, 2018....

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People & Products

Lifespan Partnership will offer support for self-licensees and advice businesses wanting to transition to their own individual Australian financial services licence....

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Policy & Regulation

GPS Wealth adviser, Mark Alexander Rothnie has been banned by ASIC for failing to act in the best interests of his clients and failing to provide appropriate advice....

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Financial planning

Advisers need to make a considered decision when using MDAs and need an offering that allows them to be flexible for the different circumstances of their clients, Xplore ...

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Financial planning

Financial advisers were increasingly looking at criteria other than just the dealer when choosing an AFSL such as a robust compliance regime, and an open APL, Futuro said...

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Financial planning

Complete Financial Balance has joined the Arthur J. Gallagher group as it looks to enhance their advice and benefit proposition to SMEs....

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Financial planning

ASIC has highlighted that AFSLs must have access to financial adviser records for the required period, while representatives must also keep records....

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Financial planning

ASIC has suspended the Australian financial services licence (AFSL) for Melbourne-based firm, Allegianz, for failure to lodge financial statements and auditor reports....

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Accounting

The perceived negative consequences of acquiring a financial services licence seem to be reducing following the scrapping of the accountants’ exemption, with a dealer gro...

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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 1 day ago

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

3 weeks 6 days ago

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

1 month ago

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm. ...

1 week ago

Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

2 days 20 hours ago

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...

2 days ago