financial advisers

Policy & Regulation

Wait and see on disallowing FOFA regulatons

While media reports are suggesting Senate disallowance of the FOFA regulatory changes is a fait accompli, Cormann says wait and see....

Policy & Regulation

Treasury disowns key FOFA research

Senior Treasury officials deny the Treasury has endorsed ISA-sponsored Rice Warner research on FOFA implications....

Policy & Regulation

FOFA regulatory changes facing disallowance

The Senate could disallow the Government’s FOFA changes as early as Monday unless cross-bench and PUP senators can be persuaded otherwise....

Financial planning

ACP offers property product

Australian Capital Property launches property offering....

Editorial

Separation needed between product sales and advice

As scathing as the Senate Committee’s report into ASIC’s handling of the Commonwealth Financial Planning enforceable undertaking may have been, the answer does not lie in...

Financial planning

Renewing retirement education

The challenges presented by an ageing population put the onus on advisers to stay up to date with the latest technical know-how, Paul Rogan writes....

Financial planning

Planner liability thrown into confusion by court decision

The level of proportionate liability for the actions of planners and licensees has been made uncertain after the Federal Court contradicted itself in recent ruling....

People & Products

Robeco appoints retail regional manager

Robeco has appointed former Blackrock staffer Matthew Young as its regional manager for retail business development....

Financial planning

'Ponzi scheme’ investors to pay portion of Wealthsure’s appeal costs

Investors who were encouraged to invest in what a Federal Court judge called “a Ponzi scheme” will have to pay 30 per cent of the costs of their financial adviser’s appea...

Financial planning

Ex-WealthSure adviser jailed

A former WealthSure financial adviser has been jailed after transferring around half a million dollars out of clients’ accounts without their knowledge. ...

Financial planning

ASIC turns tables on consumers, dealer groups

Dealer groups and consumers must do their part to surveil the financial advice profession, with ASIC’s resources allowing it limited reign over the “high risk” industry, ...

Financial planning

Advisers urged to think twice when it comes to ‘sophisticated investors’

Financial advisers need to be careful when deciding to treat clients as “sophisticated investors”, senior lawyer at The Fold Legal, Lesley Thorne, warns....

Policy & Regulation

First FOFA deadline here

Financial advisers have been reminded the first-round deadline for the Future of Financial Advice (FOFA) reforms has arrived, which means fee disclosure statements should...

Financial planning

Further guidance needed on TASA requirements: AFA

Draft proposals to waive the tax and commercial law course requirements for registration under the TASA are being welcomed by the AFA....

Financial planning

Report calls for higher education standards and enshrinement

Senate Committee recommends higher education, professional association membership and enshrinement of ‘financial planner’ in report on ASIC performance...