corporations act

Financial planning

Dealer groups should be held accountable, says Singh

Advisers have found in recent years that when it comes to legal matters, the buck stops with them. But are dealer groups being held accountable for their role?...

Editorial

A guide to the Ripoll Inquiry recommendations and their likely impact

Bryan Ashenden takes a look at the far-reaching impact the recommendations of the Ripoll Inquiry could have on the financial services industry....

Financial planning

LKM directors grounded

ASIC has been successful in an application to prevent the directors of LKM Capital from leaving the country....

Financial planning

ASIC cracks down on auditors

Enforceable undertakings from auditors of Estate Property Group and Australian Capital Reserve...

Financial planning

Corporations Act: the root of conflicts of interest?

Moves to resolve conflict of interest issues are being undermined by the 'divided loyalties' the Corporations Act encourages, argues FPA deputy chief executive Deen Sande...

Financial planning

No hiding from Ripoll changes

The chairman of the Ripoll Inquiry, Bernie Ripoll, has indicated volume rebates paid from product manufacturers to dealer groups are encompassed in the recommendations ma...

Financial planning

Proposed Corporations Act changes to ease reporting requirements

The National Institute of Accountants has called on accountants and business leaders to respond to proposed amendments to the Corporations Act aimed at cutting red tape....

Financial planning

All advisers created equal?

Questions have been raised about whether financial advisers paid a salary by a superannuation fund will find their circumstances challenged as a result of the introductio...

Financial planning

Claims advisers already have a fiduciary duty to clients

Claire Wivell Plater, director of Gold Seal Risk Management Services, has questioned the need for imposing a fiduciary duty on financial advisers, who she proposes in man...

Financial planning

'Fiduciary duty' a potential minefield

Financial advisers paid a salary by a product manufacturer, such as those employed by banks, may find they cannot continue their client relationships if a purist definiti...

Financial planning

Ripoll recommends a moderate reform path

The Parliamentary Joint Committee that has investigated aspects of the financial services industry over the past nine months has made 11 wide-ranging reform recommendatio...

Financial planning

Potential conflicts to be laid bare

The Ripoll Inquiry has called for increased disclosure of conflicts of interest and advice restrictions faced by advisers - in particular those working under licenses hel...

Financial planning

Former Infocus Money Management advisers under investigation

Two former Infocus Money Management authorised representatives from Western Australia are currently the subjects of an ASIC investigation....

Financial planning

ASIC permanently bans West Australian man

A West Australian man has been permanently banned from providing financial services following prosecution for 24 counts of fraud....

Financial planning

ASIC grants class action relief

ASIC has granted transitional relief that will allow class action against groups including Great Southern to continue without disruption until at least the middle of next...