ASIC accused of over-reach on IDR name and shame
22 May 2025ASIC has been told it will be exceeding its legislative authority if it proceeds to publish IDR data naming and shaming licensees.
ASIC has been told it will be exceeding its legislative authority if it proceeds to publish IDR data naming and shaming licensees.
Insignia Financial’s MLC Expand platform has thrown down the gauntlet on fees, announcing reductions of around 25%.
Australian investors are more loyal to their primary wealth advisers than their global peers, but not that loyal says EY.
An unpaid AFCA determination relating to investments in 2022 has resulted in the CSLR paying out $267,235 resulting in an AFSL cancellation
HNW investors’ demand for alternative assets has exposed a gap in education advisers are yet to capitalise on, according to Praemium research.
Industry funds group, the Super Members Council, has backed ASIC’s proposals to publish IDR data likening it to the super performance test.
The FAAA has strongly questioned the rationale behind ASIC proposals to publish IDR and reportable situations data and the costs.
Westpac-owned platform Asgard has written to advisers flagging some hefty rises in premiums across salary continuance, trauma and TPD.
Industry funds are being viewed as winners out of the DBFO legislation yet new analysis shows they are employing fewer advisers.
The sceptics may be writing off a PE acquisition of Insignia Financial but Morningstar believes it is still an each way bet.
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