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Dover, McMaster hit with $1.4m penalty
KARREN VERGARA  |  FRIDAY, 5 MAR 2021
In a win for ASIC this morning, Dover Financial Advisers and its founder Terry McMaster have been ordered to pay over $1.4 million in penalties by the Federal Court of Australia.
Adviser levy to increase by 160%
ELIZABETH MCARTHUR  |  FRIDAY, 5 MAR 2021
ASIC has hit financial advisers with the news that levies will increase by the equivalent of 160% over two years, with industry bodies outraged.
AMP launches new intra-fund advice offer
ELIZABETH MCARTHUR  |  THURSDAY, 4 MAR 2021
AMP has launched a new intra-fund financial advice offering focused on retirement.
Former Apogee adviser charged with deception
ANNABELLE DICKSON  |  TUESDAY, 2 MAR 2021
Victorian-based Ahmed Saad appeared in court after being charged with dishonestly obtaining financial advantage by deception for his role in an illegal retail superannuation scheme.
Australia to echo UK advice growth
ANNABELLE DICKSON  |  TUESDAY, 2 MAR 2021
Australia's advice industry is tipped to grow to that of the UK market, evidenced by technology adoption throughout COVID-19, according to Intelliflo.
Centrepoint Alliance posts $1.6m NPAT
KANIKA SOOD  |  FRIDAY, 26 FEB 2021
Centrepoint Alliance reported $1.6 million in NPAT for the December half, as its total adviser numbers dropped slightly to 308.
Ignition Advice enters UK market
ELIZA BAVIN  |  FRIDAY, 26 FEB 2021
Fintech Ignition Advice has announced it will move into the UK market, establishing new teams in London and Edinburgh.
IOOF to spend big on BOLR
KANIKA SOOD  |  THURSDAY, 25 FEB 2021
IOOF expects to spend up to $32 million on paying out Buyer of Last Resort arrangements with financial advisers leaving its network, primarily from Bridges Financial Services.
FPA names Gwen Fletcher Memorial Award winner
ELIZA BAVIN  |  THURSDAY, 25 FEB 2021
The Financial Planning Association of Australia (FPA) has named Melbourne-based financial planner Renato Manias as the first 2021 winner of the Gwen Fletcher Memorial Award.
Countdown to FASEA exam deadline
ELIZABETH MCARTHUR  |  TUESDAY, 23 FEB 2021
The Financial Adviser Standards and Ethics Authority (FASEA) has issued a reminder to financial advisers that their time to sit and pass the exam is ticking by.
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