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Financial planning
The Commonwealth Bank has backed the banning of two of its former CFPL advisers and claims credit for identifying the problems and cooperating in the outcome....
Policy & Regulation
ASIC has pointed to six bannings from its “Wealth Management Project” focused on the largest wealth management firms, including the major banks....
Financial planning
ASIC has announced the banning of another Commonwealth Financial Planning authorised representative, this time for eight years....
Funds management
Parliamentary committee warned that Australian family offices will look to invest offshore in the face of threats to their tax confidentiality....
Superannuation
The Financial Services Council has claimed that some unions are blocking superannuation fund mergers to protect the revenue they derive from seats on industry fund boards...
Financial planning
ASIC imposes additional licence conditions on Countplus subsidiary, Total Financial Solutions, after surveillance reveals concerns over conduct of AR....
Financial planning
In more fall-out from its investigation into the Sherwin Group of companies, ASIC has started an investigation into the operation of Money Market Accounts held by Sherwin...
Funds management
CBA have launched a new online portal which allows SMSF trustees to manage their compliance and reporting duties as well as a complete view of assets and liabilities with...
Editorial
ASIC chairman, Greg Medcraft, will leave a legacy of significant change, but product intervention powers and a user-pays regime might ultimately prove problematic....
Superannuation
Proposed ASIC class order changes to fees and costs disclosure are so opaque one industry group has called for whiteboards and an industry roundtable to dissect them....
Policy & Regulation
The Australian Securities and Investments Commission chairman, Greg Medcraft, wants access to a penalty regime which can be scaled to fit the magnitude of crimes....
Policy & Regulation
The stockbroking industry should not be targeted in ASIC’s cost recovery program as most complaints are against financial planners. ...
Financial planning
The Financial Services Council has pointed to the number of employers who want to do the right thing with regard to women's retirement incomes equity but are stymied by i...
Financial planning
Spring FG has denied any direct links to a planner permanently banned by ASIC....
Policy & Regulation
The FPA supports user-pays funding for ASIC but only if it is equitable across the industry....
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Podcast
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....
It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...