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AMP reminds Hayne of Labor promises on adviser commissions
The troubled wealth and financial planning giant says some of commissioner Hayne’s comments about grandfathered commissions could be factually incorRead more
ASIC begins consultation on new advice licensee regulations
The Australian Securities and Investments Commission is inviting input on proposed updates to its organisational competence requirements for advice liRead more
FinClear develops SMA offering for Aussie market
The Australian clearing, settlement and wealth management technology provider has developed a HIN-enabled SMA offering for the local market. WRead more
Amazon, Netflix and Facebook raise the bar for advisers
Financial advisers need to be aware that client expectations are being set by the service provided by digital giants like Netflix and Amazon. Read more
Up to 30 Beacon advisers in search of new licensee
ifa has confirmed that around 30 advisers have left Beacon Financial Group and are in search of a new home as a result of its botched acquisition dealRead more
AFCA deadline looms for AFSL holders
The corporate regulator has reminded holders of AFSLs of their membership of the new Australian Financial Complaints Authority before an impending deaRead more
Dealer groups hinder Westpac remediation plans
The big four bank has admitted that it is struggling to remediate the clients of its aligned dealer groups. Write comment (14 Comments) Read more
Reserve Bank announces November cash rate
The Reserve Bank of Australia has revealed its cash rate decision for November following its monthly board meeting. Write comment (2 CommentRead more
AFA challenges Hayne on grandfathered commissions
The Association of Financial Advisers has told members that it will stand up against the Hayne royal commission on the issue of grandfathered commissiRead more
App to help advisers bridge generational client gap
Wealth software platform myprosperity has developed a financial literacy app aimed at helping advisers bridge the generational gap that currently exisRead more
AMP confused about ‘community expectations’
The wealth giant has requested clarification of industry jargon and believes a “mechanism” should be established to help the government hold ASIC Read more
Financial Circle hit with $9 million fine
Melbourne-based financial services business Financial Circle has been ordered by the court to pay close to $9 million in penalties and has been permaRead more
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