LAW

Life/Risk

Predatory legal claims around TPD insurance should be rejected, with many jumping the gun and easily able to be defeated, according to a lawyer working in the insurance a...

Financial planning

A specialist financial services lawyer has questioned whether planners can be held negligent for not recommending SMSFs to super fund members with high account balances....

Financial planning

A change in attitude towards money and out-dated trust fund structures were acting as a lethal combination, leading to increased trust fund disputes....

Financial planning

Financial services lawyer, Peter Bobbin, warns that ASIC has neither the culture nor the expertise to handle a product intervention power....

Financial planning

Former clients of WealthSure authorised representative, Colin Oberg, have secured a Federal Court ruling ordering the firm to pay $865,000 in compensation....

Superannuation

While setting up with an individual trustee in an SMSF may be a cheaper option, it eventually creates a false economy, Holley Nethercote argues....

Life/Risk

Financial advisers have been blamed alongside lawyers for pushing the multitude of claims which placed pressure on TPD products within superannuation funds....

Funds management

Australian fund managers developing products for the SIV market would need to cater their products to suit their low appetite for risk in their investments....

Financial planning

A life/risk adviser has been banned for four years by ASIC who acted on information provided by his licensee, Risk Advice Specialists, which has ceased to trade....

Financial planning

Financial services laws need to catch up with technological developments like peer-to-peer lending to avoid expensive and cumbersome applications of the provisions, a law...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 6 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 2 days ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

3 days 21 hours ago