Call to cut ASIC and AFCA admin costs from CSLR levy

Call to cut ASIC and AFCA admin costs from CSLR levy

Limits should be placed on the amount that the CSLR, ASIC and AFCA can extract from the CSLR levy to cover their admin costs.
Retirements, resignations likely to offset new post-exam entrants

Retirements, resignations likely to offset new post-exam entrants

The financial adviser exam results have continued to trickle in, and have driven a rise in the number of new entrants added to the ASIC FAR.
Govt should indemnify advisers against ASIC inaction

Govt should indemnify advisers against ASIC inaction

If ASIC declines to act on reports of advice misconduct the financial planning sector should be indemnified against the related CSLR costs.
Merry Christmas

Merry Christmas from Financial Newswire

Mike Taylor 20 December 2024 No Comments

Financial Newswire is holidays until 7 January, 2025. We wish our readers a Merry Christmas and a Happy New Year.

Businessman crossing arms

Insignia dismisses Bain Capital takeover bid

Yasmine Raso 18 December 2024 No Comments

In less than one week since announcing it had received a proposed takeover bid from Bain Capital, Insignia Financial has rejected it.

AZ NGA will ‘ramp up’ M&A activity as Oaktree deal finalised

Yasmine Raso 18 December 2024 No Comments

AZ NGA has flagged a period of ‘ramped up’ M&A activity at the same time as its $240 million deal with Oaktree Capital has been finalised.

Identifying value

Reshaped Insignia attractive to PE

Mike Taylor 16 December 2024 No Comments

The level of PE interest in firms such as Insignia Financial and Perpetual signals how much value is perceived to exist in wealth management.

Coller selects Equity Trustees as RE

US private equity firm submits bid to acquire Insignia Financial

Yasmine Raso 13 December 2024 No Comments

Insignia Financial has announced to the ASX that it received a bid from US private equity firm, Bain Capital, to acquire the company.

Missing piece of puzzle

The missing 4,557 potential adviser cohort

Mike Taylor 13 December 2024 17 Comments

Financial adviser numbers are growing but there are 4,557 people who have passed the Financial Adviser Exam who are choosing not to practice.

Blind justice and law books

ASIC still wants to spend more on lawyers

Mike Taylor 12 December 2024 11 Comments

ASIC has confirmed extracting more than $166m in legal penalties in 2022-23 whilst arguing the case for spending more on lawyers.


INDUSTRY NEWS

FSI_Video

Our watch list of winners for the next decade

Financial Newswire Contributor 1 December 2024

Industry News

No Comments

The composition of the ASX is changing – and keeping abreast of ‘new winners’ is key according to First Sentier Investors.

Fixed income markets: When the stars align

Financial Newswire Contributor 1 November 2024

Industry News

No Comments

Fixed income markets offer compelling investment opportunities alongside continued lower inflation and central banks entering the easing cycle. 

3 Lessons from 20 Years of investing in Australian Equities

Financial Newswire Contributor 1 November 2024

Industry News

No Comments

Successful investing in Australian equities requires finding high quality businesses and avoiding permanent capital loss. Here we show you how.

Reporting season podcast: temper your enthusiasm (slightly)

Financial Newswire Contributor 1 October 2024

Industry News

No Comments

Companies tempered growth promises heading into 2025. Explore encouraging economic indicators and stocks we think have earnings growth potential.


Filter

Identifying value

Reshaped Insignia attractive to PE

Mike Taylor | 16 December 2024The level of PE interest in firms such as Insignia Financial and Perpetual signals how much value is perceived to exist in wealth management.
Coller selects Equity Trustees as RE

US private equity firm submits bid to acquire Insignia Financial

Yasmine Raso | 13 December 2024Insignia Financial has announced to the ASX that it received a bid from US private equity firm, Bain Capital, to acquire the company.
Missing piece of puzzle

The missing 4,557 potential adviser cohort

Mike Taylor | 13 December 2024Financial adviser numbers are growing but there are 4,557 people who have passed the Financial Adviser Exam who are choosing not to practice.
Blind justice and law books

ASIC still wants to spend more on lawyers

Mike Taylor | 12 December 2024ASIC has confirmed extracting more than $166m in legal penalties in 2022-23 whilst arguing the case for spending more on lawyers.
Off target

FAAA accuses ASIC of being off-target on Dixon Advisory

Mike Taylor | 12 December 2024The FAAA has left a key Parliamentary Committee in no doubt ASIC focused too much on Dixon Advisory advice and too little on product.
Two figures unravelling a knot

Treasury warned of standardised advice consent form boondoggle

Mike Taylor | 10 December 2024Treasury has been bluntly told that the necessary industry consensus to deliver a standardised super advice consent form does not exist.
Matt Fogarty appointed to HBL advisory board

Wealth veteran takes top advisory role at finserv-specialist law firm

Patrick Buncsi | 10 December 2024Hamilton Blackstone Lawyers has appointed wealth industry veteran Matt Fogarty as a senior member of its recently established advisory board
Devil is in the detail

Submissions reveal devil in DBFO detail

Mike Taylor | 9 December 2024The legislative complexities which stalled pre-Christmas delivery of the DBFO second tranche have been revealed in a submission to Treasury.