ASIC has taken legal action against Fast Access Finance for engaging in unlicensed credit activities....
The Federal Opposition lodges questions on underlying costs of MySuper products....
Industry silent as public makes feelings on ASIC known. ...
A Perth-based insurance broker has been permanently banned for engaging in misleading and deceptive conduct....
The FOFA legislation once heralded was a long time coming – and with its implementation date has also arrived a raft of questions as to how parts of the legislation will ...
A recent Storm Financial settlement caused quite a bit of controversy and resulted in an appeal from the regulator. Milana Pokrajac finds many in the legal community deem...
Industry body Boutique Financial Planners has called for clear disclosure of licensee ownership after Roy Morgan research revealed a large percentage of consumers were no...
ASIC claims it had concerns about the quality of financial advice being delivered in Australia before the collapse of Storm and the Commonwealth FP enforceable undertakin...
Latest research shows up to half of clients using bank-aligned financial planners think their adviser is ‘independent’....
Perth securities dealer Stellar Securities has had its Australian financial services licence cancelled after it failed to comply with its financial requirement conditions...
Australian Public Trustees (APT) has had its AFS licence cancelled after breaching a number of its financial and reporting obligations....
The regulator has put forward new proposals to update the record-keeping obligations for those who provide financial advice to retail clients. ...
The regulator has released a report in which it expressed concerns about the number of financial advice groups being owned by product issuers. ...
Two large banks have told the PJC that they do not impose sales targets on their financial planners, but revenue targets and adviser bonus structures are still in place....
Adviser remuneration is only one part of the equation on life/risk churn, says AFA chief executive Brad Fox....
So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...
This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...
So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...