POWERED BY MOMENTUM MEDIA
PETER KELL
Life/Risk
More than a third of life insurance advice has not been appropriate according to a review conducted by ASIC....
Financial planning
Commonwealth Bank of Australia consumers who have not claimed funds left on expired Travel Money Cards within 12 months of the expiry will no longer forfeit the cash to t...
Financial planning
NAB has paid $10,200 in fines after ASIC found the bank made misleading statements in its annuity term deposit PDS....
Life/Risk
A NSW insurance broker has been permanently banned from providing financial services after an ASIC investigation found he engaged in “dishonest conduct”....
Editorial
With a third of FOS determinations going unpaid the efficacy of Professional Indemnity insurance as a compensation mechanism is under question and, as Mike Taylor reports...
Editorial
While ASIC is right to pursue more timely breach reporting by financial planning firms it should acknowledge that the vast majority more than live up to their obligations...
Financial planning
A Rockhampton-based financial adviser has been banned from working in the financial services industry for five years....
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 has stressed the need for AFS licensees to submit written breach reports to it within 10 business days of finding a breach or likely breach....
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 wants the power to investigate bank managers if it suspects they are coercing planners into selling risky products, Fairfax Media reports. ...
Editorial
ASIC must do more than simply identify problems when it publishes its forthcoming report on the life/risk industry. It must identify some solutions....
Financial planning
The financial planning industry has illustrated “inappropriate levels of quality” going back more than a decade, ASIC said....
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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,...