News : financial advice

ASIC, financial advice, Financial Planning, Property

SMSF property advice leads to ban

An adviser who recommended the use of SMSFs for property investments has been banned for not acting in his clients’ best interests.

An adviser who recommended the use of SMSFs for property investments has been banned for not acting in his clients’ best interests.

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financial advice, Financial Planning

FAAA wants CSLR levy capped at $20m

The FAAA has called on Treasury to apply the Compensation Scheme of Last Resort special levy across a broader range of sectors.

The FAAA has called on Treasury to apply the Compensation Scheme of Last Resort special levy across a broader range of sectors.

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ASIC, Compliance, financial advice, Financial Planning

Further Shield adviser action sought

ASIC is looking to pursue further action against an adviser involved in the failed First Guardian and Shield master funds.

ASIC is looking to pursue further action against an adviser involved in the failed First Guardian and Shield master funds.

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financial advice, Financial Planning, Investments

Wealth management inquiry dumped

The FAAA will pursue other avenues of government investigation into financial product collapses after the inquiry into wealth management firms was scrapped.

The FAAA will pursue other avenues of government investigation into financial product collapses after the inquiry into wealth management firms was scrapped.

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financial advice, Financial Planning

Study reveals the value advice adds

The latest analysis and report into advice has quantified how much value practitioners add to their clients’ financial circumstances.

The latest analysis and report into advice has quantified how much value practitioners add to their clients’ financial circumstances.

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ASIC, Compliance, financial advice, Financial Planning

ASIC cancels licence over Shield advice

ASIC has cancelled an advice firm’s licence and banned two senior staff for recommending clients move super into the Shield Master Fund.

ASIC has cancelled an advice firm’s licence and banned two senior staff for recommending clients move super into the Shield Master Fund.

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ASIC, financial advice, Financial Planning, Legislation

Former adviser appears in court

The alleged misappropriation of $4.1 million belonging to clients has seen a former financial adviser front the Perth Magistrates Court.

The alleged misappropriation of $4.1 million belonging to clients has seen a former financial adviser front the Perth Magistrates Court.

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ASIC, Compliance, financial advice, Financial Planning

Financial services misconduct ongoing

The latest ASIC accounts of misconduct and website removals remain high with the regulator cautioning consumers to remain on alert.

The latest ASIC accounts of misconduct and website removals remain high with the regulator cautioning consumers to remain on alert.

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financial advice, Financial Planning

Adviser numbers up in 2026 income year

Financial adviser numbers are up, but there is still a large percentage of legacy planners saying no to the experienced provider pathway.

Financial adviser numbers are up, but there is still a large percentage of legacy planners saying no to the experienced provider pathway.

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financial advice, Financial Planning, Regulation

DBFO has failed its objectives

The Financial Advice Association Australia has labelled the government’s response to the Quality of Advice Review to date as frustrating.

The Financial Advice Association Australia has labelled the government’s response to the Quality of Advice Review to date as frustrating.

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