Latest News

Government funding from ASIC up 33%
The government has received a 33 per cent uptick in fees and charges from the corporate regulator following the introduction of its new funding model,Read more
Sale of NAB wealth business still on the table
NAB says the sale of its wealth business MLC is still up in the air after its big four rival CBA secured a buyer for Colonial First State Global AssetRead more
BT earnings crashed 40% in 2H18
Westpac announced revenue from its wealth management and insurance arm BT Financial Group dived by 40 per cent over the second half of the year. Read more
FASEA board salaries exceed $370,000
The controversial standards authority paid its former CEO more than $200,000 for seven months in the top job, according to its annual report. Read more
Beacon acquisition collapses, IIOF fund in spotlight
Beacon Financial Group has confirmed it has terminated its agreement to acquire Linchpin-owned advice firm Libertas Financial Planning after it failedRead more
BT launches new hub for advisers
BT Financial Group has released a new dedicated adviser hub offering advisers and licensees services to support their business capability. WriRead more
Onus of responsibility on industry: APRA
The financial services industry needs to take more responsibility in fostering a culture of maintaining appropriate standards of conduct, says the pruRead more
NAB earnings hit by advice woes
The big four bank’s revenue has taken a significant tumble, with its customer-related remediation in relation to its wealth business being a major fRead more
ANZ loses advisers, cuts staff pay
The major bank posted a disappointing financial result this week as the company transforms its business in the wake of the royal commission. Read more
AFCA scheme officially underway
The new Australian Financial Complaints Authority has officially opened today as part of the government’s new dispute resolution scheme.   Read more
Former Gold Coast adviser given prison sentence
The Southport District Court sentenced former financial adviser and accountant Satvir Singh Birk of Reedy Creek to two-and-a-half years imprisonment fRead more
CBA makes hires to lead wealth demerger
The Commonwealth Bank has appointed Jason Yetton as the new chief executive of the demerged wealth management and mortgage broking businesses, NewCo, Read more
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