Financial planners unlikely to face legal action on FOFA amendment-related advice, with courts recognising FOFA uncertainty....

FSC chief executive John Brogden says the former Government too often ceded authority to the financial services regulators and boundaries need to be set. ...

ASIC has sidestepped claims that FOFA amendments were a negative step and its enforcement approach allowed advisers a free hand....

A Melbourne property developer will face trial on 136 criminal charges, including getting $2.6 million in investor funds by deception....

New online advice platform offers full financial plans for as little as $199....

There exists plenty of evidence that the External Dispute Resolution regime and its interplay with PI cover is proving problematic for the financial planning industry. Mi...

ASIC accepts enforceable undertaking from online foreign exchange broker for violating managed discretionary account (MDA) rules....

Payday lender Cash Stop Financial Services (Cash Stop) will refund a total of $14,000 to more than 650 consumers following an investigation by the Australian Securities a...

The FPA warns the Government some FOFA amendments could re-introduce commissions into the advice space and increase the risk of mis-selling. ...

ASIC warns property spruikers to steer clear of SMSFs or risk action over providing unlicensed product advice. ...

ASIC could roll-out a national adviser competency exam for $300, linking it to a register of licensed advisers. ...

Adviser associations support the creation of an adviser register but reject an exam as an inadequate measure of adviser competencies. ...

Greg Medcraft says financial planning needs to undergo further cultural change, as the sector remains one of the riskiest regulated by ASIC. ...

ASIC Chair Greg Medcraft says no financial services regulator can stop corporate failures without onerous compliance regimes. ...