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| | | The regulator issued a warning to investment product issuers after a review found woeful compliance in meeting the design and distribution obligations (DDO). Since last July, ASIC has placed interim stop orders on 26 investment products from 18 issuers ... |
| | | | ... authorisation was through Solar Financial Advisory which ceased in August 2017, according to the ASIC Financial Adviser Register. He was also previously licensed by Genesys Wealth Advisers and Charter Financial Planning. |
| | | | The tax office issued a fresh warning to the rich who use self-managed superannuation funds as a vehicle for dodging tax and those who illegally access their retirement savings early. Of the total SMSFs in existence, 25% are operated by private wealth ... |
| | | | The number of superannuation complaints have slashed while those related to financial advisers have shot up, the latest statistics from the Australian Financial Complaints Authority (AFCA) shows. In the six months to December 2022, AFCA received 2538 ... |
| | | | ... educational requirements. Advisers must also show they have not recorded any disciplinary action on the Financial Advisers Register before 31 December 2021 and pass the adviser exam. Currently, advisers must complete an approved qualification of no more ... |
| | | | ... that needs to be addressed. Of note, according to Rainmaker Information's breakdown of the ASIC Financial Adviser Register, financial adviser numbers are at their lowest in almost two decades, with a net 3250 (17.3%) exiting the sector last year. ... |
| | | | ... people who are passionate about access to justice and fairness to all," he said. Locke added that the authority expects to register about 100,000 complaints this financial year, up from 70,000 complaints just a year ago. Since inception in November 2018 ... |
| | | | The Federal Court has determined that four current and former directors of the now defunct Linchpin Capital Group and Endeavour Securities breached their duties and didn't serve investors' best interests. The court found that, between 2015 and ... |
| | | | ... that sat the exam have passed. About 15,850 of the total pool are current financial advisers on ASIC's Financial Adviser Register (FAR), representing 99% of the register. There were over 890 candidates completing their professional year of work and training. ... |
| | | | Facing dodgy dates, ticking biological clocks and an endless procession of nosey family members asking after their private life, single women have plenty on their plates - and all with a serve of financial disadvantage on the side. Global statistics ... |
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