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Financial planning
NAB has paid $10,200 in fines after ASIC found the bank made misleading statements in its annuity term deposit PDS....
Financial planning
AMP chief executive, Craig Meller says self-interested parties are seeking to dumb down advice to just product selection....
Life/Risk
Some major insurers have been guilty of subjecting policy-holders to undue stress at claims time, according to Money Management columnist, Col Fullagar....
Financial planning
Fear is stopping financial planning organisations from notifying the corporate regulator of breaches in their business rather than poor culture, The Fold said....
Financial planning
ASIC has flagged a crack-down on breach reporting with particular emphasis on high risk licensees with poor cultures....
Financial planning
ASIC acknowledges that vertical integration gives rise to conflicts of interest but acknoweldges that scale has benefits....
Financial planning
ASIC tells of man banned as a planner but still operating as an accountant and providing tax advice....
Financial planning
ASIC chairman, Greg Medcraft, confirms planners and SMSFs are on ASIC’s radar over the next 12 months....
Funds management
Merrill Lynch has paid a $96,000 infringement notice penalty after it filled an order that “had the potential to damage the reputation and integrity of the market”....
Policy & Regulation
Deloitte argues that FOFA taken together with other initiatives suggests the regulatory pendulum has swung too far....
Financial planning
The Law Council of Australia’s Business Law Section has urged against extending ASIC’s powers to encompass product intervention....
Financial planning
ASIC has cancelled the AFSL of Global Derivative Services after it failed to comply with licence obligations...
Financial planning
ASIC has confirmed it has tightened its approach on enforceable undertakings in the wake of those applying to Commonwealth Financial Planning and Macaquarie Private Wealt...
Life/Risk
Suncorp Life chief executive, Geoff Summerhayes wants Treasury to get life/risk legacy product rationalisation back on agenda....
Financial planning
The founder and director of the responsible entity for two MISs which were wound up owing around $200 million is fined $10,000 for failing to assist the liquidators....
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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,...