CSLR pays $267,235 ASIC cancels AFSL
21 May 2025An unpaid AFCA determination relating to investments in 2022 has resulted in the CSLR paying out $267,235 resulting in an AFSL cancellation
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.
Bain Capital has fallen out of the PE race to acquire Insignia Financial leaving CC Capital the player likely to make a binding offer.
The Government’s new-found Parliamentary dominance leaves advice lobby groups will little choice other than to use the system.
Superannuation fund trustees should be legislatively obligated under the DBFO to refer complex advice matters to financial advisers.
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