Adviser cops 10-year sentenceBY KARREN VERGARA | FRIDAY, 6 OCT 2023 12:32PMA former financial adviser who took more than $10 million from clients to fund his lavish lifestyle will spend the next 10 years in jail. Related News |
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Capstone joins forces with PictureWealth to form $22bn FUA planning network
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|The super fund is launching 'Super Saturday' to help those that are missing out on the advantage from super tax benefits ahead of the end of the financial year.
RBA on hold, rate cuts expected
|The Reserve Bank of Australia kept interest rates on hold at its June meeting with economists suggesting the next move could be a rate cut.
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Featured Profile
Brian Redican
CHIEF ECONOMIST
NEW SOUTH WALES TREASURY CORPORATION
NEW SOUTH WALES TREASURY CORPORATION
What makes an economist an economist? TCorp chief economist Brian Redican reflects on over three decades of navigating Australia's economic cycles. Riddhima Talwani writes.
What this outcome proves is that the draconian compliance regime, particularly post RC, is a farce. What oversight was provided by ASIC, AFCA and the relevant AFS Licensees? Passing legislation to require "honest" advisers to complete reems of paperwork does not stop "crooks", because "crooks" simply ignore the compliance.