News : financial advice

Business News, financial advice, Technology

IFPA signs digital advice partnership

IFPA Institute of Financial Professionals Australia Pippa McKee MoneyGPS George Haramis single-topic financial advice digital advice

The Institute of Financial Professionals Australia has created a new partnership that will allow its members to offer online advice without needing to hold their own licence.

read more
ASIC, financial advice

Ex-SMSF adviser jailed for dishonest conduct

SMSF adviser dishonest conduct Bradley Grimm ASIC Banning Ostrava Equities

Action to ban an adviser for dishonest conduct in 2016 has reached its conclusion with the former practitioner sentenced to 18 months’ imprisonment.

read more
financial advice, Financial Planning

Advice boosts value for clients

Financial advice Value of advice Russell Investments Neil Rogan Value of an Adviser Report

Financial advice added around 6 per cent more value to clients in the past year, with the key aspect being the professional direction and guidance advisers provide.

read more
financial advice

Second Dixon-style case looming

Financial Advisers Association Australia FAAA Sarah Abood Dixon Advisory Libertas Financial Planning Compensation Scheme of Last Resort CLSR

The FAAA has raised concerns that a second listed financial advice group may have walked away from its compensation commitments, highlighting problems with the CSLR funding model.

read more
ASIC, financial advice

Ex-adviser guilty of $6m fraud

ASIC Ben Jayaweera Growth Plus Financial Group SMSF fraud

A former Brisbane-based financial adviser has been convicted of defrauding investors out of nearly $6 million after convincing them to withdraw money from their SMSFs.

read more
financial advice, Regulation

FAAA raises CSLR issues with Jones

CSLR Compensation Scheme of Last Resort FAAA Financial Advice Association Australia Dixon Advisory Stephen Jones

The FAAA has met with Treasury to press for action on its key concerns regarding the Compensation Scheme of Last Resort.

read more
Compliance, financial advice, Tax

Tax agent code consultation non-existent

Joint Bodies Tax Agent Services (Code of Professional Conduct) Determination Tax Practitioners Board Stephen Jones Matthew Addison SMSF Association

A group of 10 industry bodies has rejected claims by the government that it consulted with the sector over changes to the tax agent code of conduct.

read more
ASIC, Education, financial advice

ASIC issues qualification checking reminder

ASIC AFS licensees Adviser qualifications Approved degrees determination

ASIC has told advice licensees they must check the qualifications of all advisers under their banner even when they have previously worked for another organisation.

read more
financial advice

Inquiry needed into actions of Dixon owners

Financial Advice Association Australia FAAA Phil Anderson Dixon Advisory, Compensation Scheme of Last Resort CSLR E&P Financial Group Evans & Partners

The FAAA has questioned how the parent company of Dixon Advisory was able to abandon it without penalty and is now operating a new firm with many of the same staff and clients.

read more
financial advice

CSLR removes legal action incentive

compensation scheme of last resort CSLR Financial Advice Association Australia FAAA Sarah Abood Administrators Subrogation rights Legal action

The incentive to take legal action against financial advice firms that act dishonestly has been heavily impacted by low-risk payments coming from the Compensation Scheme of Last Resort.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.