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

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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