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AUSTRALIAN FINANCIAL SERVICES
Life/Risk
ASIC has banned a Sydney-based insurance broker from the industry for three years after he allegedly failed to pass on collected premiums to insurers. ...
Financial planning
ASIC says bitcoins and other digital currencies are not financial products but that derivatives may evolve. ...
Accounting
Financial advisers should require more than one semester unit in tax law if they want to be licensed to provide tax advice, the Institute of Public Accountants believes....
Financial planning
The former director of a foreign exchange provider has been “restrained” from providing financial services after providing services not covered by its licence....
Financial planning
The FSC has told a Parliamentary Committee that ASIC needs to get more proactive in pursuing enforcement when planning breaches occur....
Financial planning
The FPA has questioned the role of research houses, responsible managers and product issuers in the collapses of forestry managed investment schemes stating it had become...
Financial planning
ASIC has imposed conditions on the licence of Guardian Advice after finding advice that lacked a reasonable basis or lacked evidence it was given in the best interest of ...
Financial planning
An Australian Securities and Investments Commission (ASIC) investigation will see a managed discretionary account provider change the way it offers foreign exchange servi...
Accounting
The former director of an accountancy firm has been banned by ASIC for being part of a scheme which raised funds from clients for mezzanine finance and mortgage lending....
Financial planning
A Sydney-sider who made investment recommendations to clients without holding an Australian Financial Services Licence (AFSL) has been banned from providing financial ser...
Financial planning
Professionalism in the financial services industry remains some distance off and may need Government intervention....
Financial planning
Emotional Intelligence is increasingly becoming a critical skill set for advisers, not just to improve client relationships, but to stay in business, Wayne Lear writes....
Financial planning
ASIC has answered parliamentary questions about superannuation union liaison officers, the type of advice they can provide and whose AFSL they might be working under....
Policy & Regulation
The FPA has urged a facilitative approach from ASIC as planners seek to comply with the Senate imposed FOFA reversal....
Financial planning
A Victorian financial adviser has been banned from providing financial services for seven years after an ASIC investigation found he had breached “numerous financial serv...
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Podcast
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...
This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...
Interesting. Would be good to know the details of the StrategyOne deal....