Authorised representatives

Financial planning

Salaried advisers signal preference for self-employment

While financial advisers have signalled they are generally open to switching licensees, salaried advisers have strongly signalled they are attracted to self-employment....

Life/Risk

Give advisers as much freedom as lawyers on insurance claims

Financial advisers should be granted as much leeway as lawyers in providing assistance with insurance claims, according to the Association of Financial Advisers....

Financial planning

AFCA forced to change its approach to ARs

A loss in the NSW Supreme Court and action by the Australian Securities and Investments Commission has seen the Australian Financial Complaints Authority forced to change...

Financial planning

Aust Unity posts better bottom line despite adviser exits

Australian Unity has posted a better advice revenue bottom line despite reducing its number of advisers and installing a new leadership team....

Financial planning

ASIC cracks down on dual ARs

The Australian Securities and Investments Commission has revoked the authorisations of 58 authorised representatives who it found had been inappropriately dual-authorised...

Financial planning

Westpac hit by $357m of remediation associated with ARs

Westpac has announced its first half cash earnings will be reduced by $357 million to account for provisions for remediation associated with authorised representatives in...

Financial planning

FPA wants ARs covered as whistleblowers

The Financial Planning Association wants Authorised Representatives to have the same whistleblower protections as salaried employees of dealer groups....