Latest News

NAB most distrusted bank, survey finds
NAB has seen a surge in distrust following the resignation of its chief executive and chairman and it being singled out in the Hayne commission finalRead more
FASEA mostly funded by the major banks
The business plan from the Financial Adviser Standards and Ethics Authority reveals it is completely dependent on funding from eight contributors, incRead more
ASIC appeals Westpac best interests court decision
The corporate regulator has filed an appeal with the Federal Court against the decision regarding whether two Westpac subsidiaries failed to comply wRead more
ASIC to undertake harsher penalties against banks
ASIC will be able to undertake harsher civil penalties against banks, their executives and others who breach financial services law under new amendmeRead more
Court restrains unlicensed firm from operating
A Queensland court has restrained an unlicensed advice firm and its director from carrying on a financial services business following an ASIC investigRead more
ASIC used Dover whistleblowing to shut licensee down
When Dover Financial flagged one of its advisers to ASIC for exploiting low-wealth clients, it used the report as justification to have the licensee sRead more
Advice regtech aims to ease CPD burden under FASEA
A new regulatory technology platform is aiming to make it easier for advisers and AFSLs to fulfil standards set down by the Financial Adviser StandardRead more
Minimal time spent on client engagement, survey finds
An adviser survey has found that almost half of advisers spend less than two hours per week on client engagement activities, with some dedicating no tRead more
AMP adviser network declined 4.6% in 2018
AMP has announced that the number of advisers in its core licensees in Australia went down by 4.6 per cent from last year, with the chief executive flRead more
Advice software firm integrates with XPLAN
A client relationship measurement software firm has announced an integration with IRESS’s XPLAN adviser platform. Write comment (6 CommentsRead more
Institutional remediation to top $2bn
A consultant estimates the price tag for remediation of issues identified from the Hayne royal commission to top $2 billion. Write comment (2Read more
ASIC admits no one was misled by Dover CPP
The corporate regulator has admitted it has no evidence to date that any client was deceived or misled by Dover Financial’s Client Protection PolicyRead more
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