Category | Dealer Groups

NAB Advice Head to Depart After Restructure

The head of financial advice at NAB, Andrew Hagger will leave the bank after 10 years following a restructure of its senior executive team. (more…)

Continue Reading
0 · September 18, 2018 in Appointments, Company News, Dealer Groups  

ASIC Commences Court Action Against Dover, McMaster

ASIC has commenced court action against Dover Financial Advisers and its sole director, Terry McMaster alleging they misled and deceived clients. (more…)

Continue Reading
3 · September 17, 2018 in Company News, Compliance & Regulation, Dealer Groups  

Call for Individual Adviser Licensing

Financial institutions and regulators are standing in the way of client-centric reforms, and moves to license individual advisers, in a bid to retain control and promote their own self-interests, according to Connect Financial Service Brokers Chief Executive, Paul Tynan. (more…)

Continue Reading
8 · August 7, 2018 in Compliance & Regulation, Dealer Groups, Remuneration, Services  

Fee For No Service Remediation Could Pass $850 Million

ASIC has indicated it expected remediation related to the charging of fees for no service (FFNS) to pass $850 million. (more…)

Continue Reading
1 · August 7, 2018 in Compliance & Regulation, Dealer Groups  

Affinia Expands Into Licensee Services

TAL-owned financial advice group, Affinia, has extended its advice offering into the provision of licensee services aimed at independently operated financial advice businesses. (more…)

Continue Reading
0 · August 3, 2018 in Company News, Dealer Groups, Practice Management, Products, Services  

Licensees to be Publicly Rated Under New Proposal

Advisers and consumers may be able to assess the quality and risk factors associated with a licensee under a new ratings system that is being put forward by research group, Adviser Ratings. (more…)

Continue Reading
2 · July 31, 2018 in Dealer Groups, Products, Services  

News in Brief

IOOF to Complete ANZ Advice Acquisition Ahead of Schedule TAL Begins 2018 Adviser Roadshow (more…)

Continue Reading
0 · July 31, 2018 in Company News, Dealer Groups  

AMP Accelerates Advice Remediation Program

AMP will step up the pace at which it will remediate financial advice customers who were charged fees without receiving advice, or were provided with inappropriate advice, with future payments to customers expected to total $290 million. (more…)

Continue Reading
0 · July 30, 2018 in Company News, Dealer Groups, Products, Services  

Call for Greater Transparency on Licensee Checks

Synchron has registered its frustration in accessing information from institutionally-owned licensees for advisers who are seeking to join its network. (more…)

Continue Reading
1 · July 24, 2018 in Compliance & Regulation, Dealer Groups  

AMP Revamps Adviser Education Program

AMP has replaced its adviser training program, Horizons, with a new program which will require advisers to hold a Financial Adviser Standards and Ethics Authority (FASEA) approved degree before they can commence studies. (more…)

Continue Reading
0 · July 19, 2018 in Dealer Groups, Training