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ASIC imposes 7-year ban on former UGC Head of Advice

ASIC imposes 7-year ban on former UGC Head of Advice

ASIC has imposed a 7-year ban on the former head of advice at UGC, Louis Van Coppenhagen saying he is not fit and proper.
ASIC reinforces Macquarie precedent via Netwealth

ASIC reinforces Macquarie precedent via Netwealth

ASIC's Macquarie precedent has been reinforced by its Netwealth action which sees the company compensating members to the tune of $101m.
83 advisers head to the exit

83 advisers head to the exit

The expected end of year exodus from the financial advice profession is becoming a reality with 83 exits from the Financial Adviser Register.
Christmas

Merry Christmas from Financial Newswire

Mike Taylor 19 December 2025 No Comments

The entire team are having a well-earned break. This is Financial Newswire’s final daily e-newsletter for 2025

Unfair costs

SMC urges Govt to rethink CSLR cost spillover burden

Yasmine Raso 19 December 2025 One Comment

The SMC has renewed its calls urging the government to reconsider forcing industry funds to also shoulder the burden of CSLR cost blowouts.

Perpetual says Bain discussions on track

Mike Taylor 19 December 2025 No Comments

Just a week out from Christmas, Perpetual has sought to reassure shareholders that its talks with Bain Capital Private Equity are on track.

ASIC sues Binance for consumer protection failures

Netwealth hit with $100m compensation

Mike Taylor 18 December 2025 4 Comments

Netwealth has agreed to pay over $100 million in compensation over First Guardian whilst acknowledging Corporations Act breaches.

Men on ladders with conflicts

ASIC’s pointed updated illustrative examples of conflicts

Mike Taylor 17 December 2025 2 Comments

ASIC has updated the illustrative examples of what constitute conflicts of interest with the outcome reflecting recent fund collapses.

Male figure looks at balance sheet

Sequoia flags impairments and provisions

Mike Taylor 17 December 2025 One Comment

Sequoia Financial Group says despite challenging conditions it is performing well but is flagging impairments and provisions.

Recruitment

Centrepoint points to 40 adviser pipeline

Mike Taylor 17 December 2025 No Comments

Publicly-listed AFSL, Centrepoint Alliance, is claiming Number 2 licensee status and pointing to a 40 adviser onboarding pipeline.


INDUSTRY NEWS

Mocktail, anyone? Investing across demographic trends

Financial Newswire Contributor 24 November 2025

Industry News

No Comments

Mirova’s Jens Peers explores the generational trends shaping investment opportunities within the demographic transition.

TPD Severity: A Smarter way to protect your clients

Financial Newswire Contributor 1 November 2025

Industry News

No Comments

Industry-wide, Total and Permanent Disability (TPD) claims have risen sharply in recent years. At Acenda, we recognise this has created challenges…

Why Durability Matters in Private Credit & How La Trobe Financial Sets the Standard

Financial Newswire Contributor 1 November 2025

Industry News

No Comments

In private credit, innovation matters, but lasting success relies on resilience and reliable performance in challenging market conditions.

Real Estate Private Credit’s Ongoing Role in Investment Portfolios

Financial Newswire Contributor 1 November 2025

Industry News

No Comments

This research paper explores the rise of commercial real estate private credit in Australia, its resilience through economic cycles, and why…


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Three blue umbrellas

Treasury consultation canvasses PII role for FAAA

Mike Taylor | 16 December 2025The Treasury's CSLR consultation on PI Insurance is canvassing allowing professional bodies such as the FAAA to be providers.
ASIC leadership forum

ASIC spends $66,000 on Leader’s Forum

Mike Taylor | 16 December 2025ASIC has confirmed to Senate Estimates that it spent $66,000 holding a Leader's Forum in September themed The Way Ahead.
Name and shame

Keep adviser internal disciplinary actions internal says SIAA

Mike Taylor | 15 December 2025AFSLs would be reluctant to undertake internal disciplinary action against financial advisers if the processes are made public says SIAA.
Magnet attracts money

ASIC court action reaps $927,203,000 over eight years

Mike Taylor | 15 December 2025Amid concerns about CSLR costs, court action initiated by ASIC over the past eight years has delivered pecuniary penalties over $900,000,000.
Snail

Mulino urged to not drag feet on CSLR

Mike Taylor | 12 December 2025The financial services industry has sent Daniel Mulino a clear message - don't drag your feet in fixing CSLR funding.
Advice fees

How 20,754 potential advisers won’t compute

Mike Taylor | 12 December 202520,754 people have passed the financial adviser exam since it was instituted but that doesn't translate to a ready pool of financial advisers.
Finger activating license

More advisers recognising self-licensing benefits

Yasmine Raso | 12 December 2025Amid the ongoing fallout of Shield and First Guardian and the impact on licensees, more advisers are expected to move to self-licensing.
Reconstruction plan

Mulino’s CSLR special levy a reform stopgap

Mike Taylor | 11 December 2025The Govt's $47.3m CSLR special levy is a necessary stopgap measure ahead of consultation aimed at thorough rebuild of the blighted scheme.