ASIC admits breach reporting regime problems
ASIC has acknowledged problems with the breach reporting regime and has undertaken to implement improvements.
The answers provided by the Quality of Advice review must make advice affordable to consumers and sustainable for advisers.
The accountants limited licensing regime may be dead but accountancy firms are still enamoured of financial advice.
Diverger calls off Centrepoint bid
Publicly listed financial planning group, Diverger, has called off its bid for Centrepoint Alliance after failing to access due diligence.
Centrepoint positions on dividend and Diverger
Publicly-listed advice group, Centrepoint Alliance, has positioned itself on the Diverger bid with an increased dividend.
Financial planning licensees have been told that the adoption of digital advice can deliver them cost-savings of around 20%.
Insignia Financial partners with Personetics
Insignia Financial and Personetics have announced a partnership to use data capabilities to gain insights on personalising financial advice.
ASIC has reserved for itself the right to intervene in the recruitment of financial advisers by licensees if they are deemed guilty of wrongdoing.
ASIC has said that former clients of Dixon Advisory and Superannuation Services Pty Limited may be eligible for compensation under a potential CSLR.
Financial advisers may be given the opportunity to respond to Treasury’s ‘experience pathway’ proposals prior to implementation.
