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| | | Financial planners relying on research are sitting ducks for legal action in the wake of the Trio Capital superannuation fraud and need to protect themselves, a planner has said. In the case of the Trio Capital fraud, adviser Ross Tarrant's firm Tarrants ... |
| | | | Victims of the Trio Capital superannuation fund fraud will receive $55 million in compensation from a special levy, the Federal Government announced today. Members of four super funds formerly under the trusteeship of Trio will recover all lost funds ... |
| | | | The Australian stock market has received negative leads from offshore markets, after Wall Street gave up early gains to finish lower, while oil and metals prices eased overnight. At 0710 AEDT, the June share price index contract was up four points at ... |
| | | | Super funds have been urged to perform oil vulnerability assessment after blasts rocked Moamar Gaddafi's Tripoli compound this morning. As explosions and anti-aircraft fire rocked the Libyan capital, brent crude prices rose to US$114.86 per barrel. ... |
| | | | Dominant planning software provider IRESS Wealth Management Solutions has announced the long-anticipated new version of XPLAN is to be released next month. XPLAN, used by more than 12,000 advisers, has been given a makeover with the help of digital ... |
| | | | TOWER Australia and CommInsure both named Life Company of the Year in the Association of Financial Advisers (AFA) and Plan for Life awards held yesterday. In a surprise, the two life insurers ranked equal in the main category, with the awards committee ... |
| | | | Former director of investment manager Astarra Asset Management (AAM), Shawn Richard, pleaded guilty to two counts of dishonest conduct in the Supreme Court of NSW on Friday. Richard also pleaded guilty to one charge of making false statements in relation ... |
| | | | AMP SignatureSuper has been selected as the preferred successor superannuation fund for embattled Trio Capital Limited super fund members. ACT Super Management, acting as trustee of Trio Capital since last December, made the decision to transfer the ... |
| | | | Some 80 per cent of advisers use platforms to write risk advice, according to latest figures from Investment Trends research. This goes against the theory that many advisers are threatened by Future of Financial Advice (FOFA) reforms, with platforms ... |
| | | | The former director of Astarra Asset Management, Shawn Richard, faces a maximum penalty of 5 years imprisonment or a $220,000 fine - or both - and has been banned for life from providing financial services. Richard pleaded guilty to two charges of dishonest ... |
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