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ASIC Cancels, Suspends 11 AFSLs

Eight Australian financial services licences (AFSLs) have been cancelled and three more suspended in the latest round of regulatory action from the Australian Securities and Investments Commission (ASIC).

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· July 22, 2014 in Compliance & Regulation, Dealer Groups  

FoFA Regulations Remain in Place, For Now

The Federal Opposition will have to wait until August before it can make another attempt at disallowing the Future of Financial Advice (FoFA) amendment regulations.

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0 · July 21, 2014 in Compliance & Regulation  

Synchron Backs Call for Investigation of Vertical Integration

Dealer group Synchron has welcomed the Financial System Inquiry’s call for further industry feedback on vertical integration.

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2 · July 21, 2014 in Compliance & Regulation, Dealer Groups  

Industry Supports Enhanced Adviser Register

The financial services industry has thrown its support behind the Government’s proposed enhanced public register of financial advisers.

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0 · July 21, 2014 in Associations, Company News, Compliance & Regulation, Training  

News in Brief

Bystanders Represent Quarter of Workplace Deaths; Government Consults on Annuities; Accountants Push for Tax Deductible Advice

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0 · July 21, 2014 in Claims, Compliance & Regulation, General, Products  

AFA Announces Professional Development Partnership

The Association of Financial Advisers and dealer group Affinia have announced a partnership designed to increase the number of advisers that are members of a professional association.

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0 · July 16, 2014 in Associations, Dealer Groups  

Palmer Deal Secures FoFA Amendments

The Opposition’s attempt to disallow the Government’s Future of Financial Advice (FoFA) regulations has failed, following an eleventh-hour deal between Senator Mathias Cormann and Clive Palmer.

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5 · July 15, 2014 in Compliance & Regulation  

Underinsurance, Quality Advice ‘Significant Consumer Issues’ – Murray Inquiry

Underinsurance and access to quality, affordable financial advice have been identified as significant consumer issues by the David Murray-led Financial System Inquiry (FSI).

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0 · July 15, 2014 in Compliance & Regulation, General  

New Advice Inquiry Opened

A new Parliamentary inquiry into financial advice has been opened, after the Opposition accused the Government of failing to appropriately respond to  the Commonwealth Bank (CBA) advice scandal.

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0 · July 15, 2014 in Company News, Compliance & Regulation, Dealer Groups  

Latest Zurich Appointments

Zurich has added to its life risk sales team, appointing three staff across its New South Wales and Victorian offices.

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· July 14, 2014 in Appointments, Company News