Stay updated with breaking news from Roxburgh Securities. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Hundreds of AFSLs with retail authorisation must now report internal dispute resolution to ASIC by 29 February as the final tranche of the regime’s implementation kicks in, even if they have faced no action.
Critics have queried Hostplus being crowned Australia’s best balanced superannuation fund over one- and ten-years, saying the rankings rely on unpublished valuations of unlisted assets.
The financial services minister has said that recently introduced reforms to ongoing fee arrangements (OFAs), which will cost the industry $28 million, were necessary to stop clients from being “charged invisibly”.
The financial services minister has said that recently introduced reforms to ongoing fee arrangements (OFAs), which will cost the industry $28 million, were necessary to stop clients from being “charged invisibly”.
Financial advice sliced from the menu Advisers are actively ‘cutting out’ all but the wealthiest clients as the sector faces a personnel crisis. Business by James Kirby Premium Content Financial advice for all but the richest Australians is in serious jeopardy. The advice sector is shrinking, the majority of students in existing courses are not becoming planners and now evidence is accumulating that the best advisers are cutting off anyone who is not officially "wealthy". The concerns are echoed across the financial planning industry with the is...