Inaugural FASEA exam results in
KARREN VERGARA  |  THURSDAY, 8 AUG 2019
The majority of candidates who sat the Financial Adviser Standards and Ethics Authority's inaugural exam have passed with flying colours.
AMP announces new strategy, capital raise
JAMIE WILLIAMSON  |  THURSDAY, 8 AUG 2019
AMP has announced a range of initiatives aimed to reposition it for the future, including a $650 million capital raise to reinvent its wealth management offering.
Financial Wisdom to shut down
JAMIE WILLIAMSON  |  WEDNESDAY, 7 AUG 2019
Commonwealth Bank has confirmed it will close Financial Wisdom. It will also allow Pathways advisers to commence transitioning elsewhere.
Sequoia acquires dealer group
JAMIE WILLIAMSON  |  TUESDAY, 6 AUG 2019
Sequoia Financial Group has acquired a national dealer group, home to 68 authorised representatives.
Adviser stole $200k from SMSFs
ELIZABETH MCARTHUR  |  TUESDAY, 6 AUG 2019
The Australian Securities and Investments Commission (ASIC) permanently banned a former financial adviser who stole more than $200,000 from client self-managed superannuation funds.
AMP MDA constraints frustrate advisers
ELIZABETH MCARTHUR  |  MONDAY, 5 AUG 2019
The additional conditions imposed on AMP Financial Planning's managed discretionary account (MDA) licence has resulted in so many constraints on financial advisers that the offering is reportedly "unusable".
AFA, FPA slam haste in ending grandfathered commissions
KRISTI CHENG  |  FRIDAY, 2 AUG 2019
The Financial Planning Association of Australia (FPA) and the Association of Financial Advisers (AFA) have both criticised the time frame given to phase out grandfathered commissions.
Jane Hume to address AFA Conference
KRISTI CHENG  |  THURSDAY, 1 AUG 2019
The Assistant Minister for Superannuation, Financial Services and Financial Technology will address the Association of Financial Advisers' National Conference in Adelaide.
ASIC reveals advice remediation progress
HARRISON WORLEY  |  THURSDAY, 1 AUG 2019
A 2017 report by ASIC into how the big banks and AMP oversee financial advisers has netted less than $120 million in remediation to date.
Advice resilient under pressure: Research
ELIZABETH MCARTHUR  |  THURSDAY, 1 AUG 2019
Just 11% of financial advisers plan to leave the industry if the full recommendations from the Royal Commission are implemented. However, data shows the industry's outlook as a whole remains positive.
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