The latest issue of Financial Standard now available as an e-newspaper
|The Federal Court will force BT Funds Management and Asgard Capital Management to pay $1.5 million each for charging fees for no service and making misleading statements.|
|Among the changes announced this morning, AMP is putting an end to all Buyer of Last Resort arrangements at the end of the year and giving advisers the freedom to leave the network with their clients from 2022.|
|The Association of Financial Advisers (AFA) has raised concerns about the cost of the government's proposed Compensation Scheme of Last Resort and the fact that super funds and managed investment schemes are excluded from the proposed regulation.|
|Astute Wealth Advice and Lumiant have reached an agreement to settle an alleged copyright breach.|
|Mergers and acquisitions will power the financial advice industry, culminating in the formation of "advice mega firms" in the near future, a new white paper suggests.|
|The growing finfluencer phenomenon is capturing female Millennials who turn to social media for financial advice and education.|
|Financial advisers are shunning home equity release or reverse mortgage strategies that could potentially benefit retiree clients, according to new research.|
|The corporate regulator has banned a Gold Coast-based adviser for five years and cancelled the group's AFS licence over misconduct.|
|ASIC released more information on what financial advisers can expect from the new reference checking laws, which take effect on October 1.|
|The Financial Adviser Standards and Ethics Authority is taking feedback on new degrees and courses that should be recognised as prior learning.|
Natixis Investment Managers hired an institutional sales director who spent nearly a decade at First Sentier Investors.
The newly merged LGIAsuper and Energy Super have scrapped a weekly administration fee and will retain an annual fee as a result of scale benefits.
Fidelity International launched a climate investing policy with a rating scheme in a bid to halve its carbon emissions by 2030.
The House of Representatives Standing Committee on Tax and Revenue has recommended that the Australian Tax Office develop a Bill of Rights' for taxpayers.
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