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ASIC
Financial planning
ASIC has banned two responsible managers for 10 years and cancelled the AFS licence of National Advice Solutions for adopting a ‘layered advice’ approach....
Superannuation
A Melbourne woman has been sentenced for her involvement in a crime syndicate which stole over $3.3 million from superannuation and share trading accounts....
Funds management
ASIC has commenced its first civil penalty action against a distributor of financial products in the Federal Court for alleged breaches of the design and distribution obl...
Financial planning
A second individual related to Courtenay House has been charged with carrying on an unlicensed financial services business and receiving over $600k in commissions which w...
Financial planning
A former Perth financial adviser has been sentenced after dishonestly obtaining over $35,000 from his clients’ superannuation. ...
Funds management
A few days after being fined by ASIC over alleged greenwashing, Vanguard has exited the global Net Zero Asset Managers alliance....
Financial planning
Over half of advisers sitting the November financial adviser exam passed the test, according to latest ASIC figures....
Policy & Regulation
ASIC has commenced Federal Court proceedings against OnePath Life for allegedly failing to act with utmost good faith during claims handling, the first time it has sought...
Financial planning
A former Tasmanian-based financial adviser has been convicted of fraud....
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...
Funds management
ASIC has commenced its first civil penalty case for alleged breaches of design and distribution obligations....
Financial planning
The Financial Services Council has warned it would be unwise for ASIC to be given greater powers in creating financial services legislation and any steps towards this sho...
Funds management
ASIC has placed interim stop orders on four funds from two companies, taking the number of orders to more than 20 to date under the design and distribution obligations....
Financial planning
There are 16 days until Quality of Advice Review deadline this month, so Money Management has crunched the numbers on the current state of the adviser landscape....
Financial planning
ASIC has released the dates for the 2023 financial adviser exam dates....
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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 ...