Articles by Penny Pryor

Accounting, financial advice, Financial Planning, Legislation

Adviser exodus must be stopped

A call has been made for the federal government to take urgent action to prevent the reduction in adviser numbers becoming a crisis.

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financial advice, Financial Planning, Technology

Padua moves to improve advice sector

Padua Solutions has acquired SMSF insights provider Wealth Data in its pursuit of continually improving the standard of financial advice.

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financial advice, Financial Planning, Retirement

New retirement income solution developed

A new retirement income solution is set to be made available in August through a partnership involving MLC, Challenger and TAL.

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Compliance, financial advice, Financial Planning, Regulation

SMSF member financial abuse more painful

SMSF members who are victims of financial abuse are likely to suffer additional distress as there is no complaint body for the sector.

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ASIC, Compliance, Regulation

Mayfair 101 director ruling reached

The Federal Court has ruled against Mayfair 101 Group director James Mawhinney in several allegations made by ASIC with regard to the organisation’s conduct.

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ETFs, Investments

ETF market continues to boom

Global X, exchange-traded fund, ETF, growth, funds under management, ETF market, Australian equity ETF, Crypto ETF

The latest report into the domestic ETF market has confirmed it now accounts for $280.5 billion in funds under management after sustained growth.

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ASIC, Compliance, financial advice, Financial Planning

Advisers with Shield links banned

ASIC, banned, Matthew Simon Bradley, Isaac Jacob McQueen, Shield Master Trust, MWL Financial Services Pty Ltd, Keystone Group, Financial Services Group Australia, Graham Holmes

ASIC has banned two more practitioners who provided advice encouraging superannuants to invest in the Shield Master Trust.

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financial advice, Financial Planning

Minor CSLR reduction disappointing

CSLR, levy estimate, Compensation Scheme of Last Resort, SMSF Association, Financial Advice Association Australia, $20 million cap, Peter Burgess, funding model, review, Sarah Abood, Shield, First Guardian

The minor reduction in costs borne by advisers under the Compensation Scheme of Last Resort will not help the advice sector, which is waiting for changes to the funding model.

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ASIC, financial advice, SMSFA, Superannuation

SMSFA backs ASIC super warning

The SMSF Association has supported ASIC’s warning for people to be on high alert for cold callers encouraging them to switch their super.

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