The latest issue of Financial Standard now available as an e-newspaper
|Sam Henderson's claims he had a Master of Commerce to prospective clients has seen him charged with dishonesty offences, with ASIC referring the case to the public prosecutor.|
|The Stockbrokers and Financial Advisers Association (SAFAA) has sought clarity from ASIC on what continuous professional development (CPD) financial advisers are still required to do.|
|Hamilton Blackstone Lawyers managing director Cristean Yazbeck has argued that ASIC is mainly concerned with its own reputation and the media releases it can put out in relation to action on financial advisers.|
|The consultation window for the exposure draft set to extend the ban on conflicted remuneration to listed investment companies and trusts is open, for a short period of time.|
|Fortnum, Centrepoint, Easton Wealth, CountPlus, Fitzpatricks and Paragem have all criticised the Financial Planning Association of Australia's latest policy proposal.|
|BT head of financial literacy and advocacy Bryan Ashenden has observed a significant increase in calls for technical support from financial advisers during the COVID-19 pandemic.|
|Madison Financial Group is set to be owned by Clime Investment Management, after a share sale deed was signed yesterday, as first reported by Financial Standard early this morning.|
|The Financial Planning Association of Australia (FPA) wants a professional registration for individual advisers to replace the current system.|
|The much-anticipated sale of Madison Financial Group was finalised Tuesday evening, with the buyer paying about $5 million, Financial Standard understands.|
|There are some bright spots in the market for financial advice jobs, according to Kaizen Recruitment, despite over 1000 advisers leaving the industry since the start of 2020 and only about 50 joining.|
There is a good chance the planned superannuation guarantee increase to 12% will be deferred again as the nation continues to struggle with the effects of COVID-19, according to Mercer senior partner David Knox.
BetaShares' ETF that tracks crude oil futures is once again changing the length of contracts it tracks and is taking extra measures to automatically convert the ETF to all cash if oil futures drop significantly again.
The global fund manager saw its profits tumble 196% following net outflows of close to $19 billion in the first half of this year, resulting in heavy hits to fee and commission income.
Chi-X TraCRs and funds will now be offered on a privately owned wealth management platform, granting financial advisers and their clients access to some of the world's biggest listed companies.
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