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ASIC updates guidance for 'warnings and reprimands'

ASIC has just released an information sheet allowing it to issue warnings and reprimands to financial advisers that do the wrong thing. If you're a financial...

Regulator flags drop in Supervisory Levy

After five years of compounding compliance and regulatory requirements combined with higher costs in every part of their business there are a number of...

Renew your client review

During a recent presentation of Invesco Global Consulting's program, Priceless, I asked a room full of advisers how many of them had changed the way they do...

AFCA confirms a new user pays model to cover costs

Following on from last week's article titled, 'Ombudsman seeks to simplify complaint treatment,' The Australian Financial Complaints Authority (AFCA) today...

Adviser numbers forecast to fall below 15k

The exodus of financial advisers from the industry is set to continue into 2022, according to research undertaken by Adviser Ratings, who in partnership with...

Clime buys MTIS Wealth to accelerate growth

John Abernethy's listed funds management firm, Clime Investment Management (CIW) purchased its second wealth management firm, Melbourne's MTIS Wealth...

Pressure builds on greenwashing with SEC to tighten screws

It appears that regulators around the world are getting more serious on ESG, with the US Securities Exchange Commission, similar to Australia's ASIC,...

'Let professionals be professionals': The call ahead of Quality of Advice Review

Given the flood of changes and regulatory oversight that has resulted from the Royal Commission, it likely comes as a surprise to many that the impending...

Incentives highlight challenge of hyper competitive fintech market

In a world gone social media crazy, having an influential media presence along with a few hundred thousand Twitter followers will secure you more than a yearly...

Cybersecurity the latest challenge for stressed advice industry

Cybersecurity has become the latest battle facing the under pressure, stressed financial advice industry following a landmark court ruling.

Financial Services Council flags priorities for Advice Review

There is growing pressure on the long-awaited Quality of Advice review to deliver real change to an industry that has been saddled with layer after layer of...

Professional Year reporting reduced

After a tumultuous few years that have seen reporting, compliance and information gathering requirements reach extreme levels, ASIC appeared to offer some...

Ombudsman seeks to simplify complaint treatment

The Australian Financial Complaints Authority, the external dispute resolution group of which all financial advisers must be members, this week announced...

Why quality matters more than ever: Bell AM

Markets are falling, interest rates are rising alongside inflation, the US dollar is appreciating along with bond yields and money is moving away from risk....