All posts tagged "financial planning"
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97Australia & NZASIC Faces Pushback for Higher Financial Advice Levies
The FPA says the formula ASIC uses to estimate the industry funding levy for financial planners is not equitable or sustainable and must be reviewed immediately.
July 29, 2021 -
240EnforcementHong Kong: Ex-Dah Sing Bank Manager Jailed for Fraud
The former financial planning manager told a client he was required to buy an insurance policy before he could open a corporate bank account.
June 16, 2021 -
215Australia & NZ
Australian Court Penalises Dover Financial Advisers for Misconduct
The penalty is part of the fallout from a 2019 federal court judgment that Dover Financial Advisers engaged in “false, misleading or deceptive conduct”.
March 9, 2021 -
133Australia & NZCPA Australia Calls for Reforms to ASIC Funding Model
The accounting body has asked the government to consider the adoption of a partial cost-recovery model for ASIC to ease the burden on the financial industry.
February 16, 2021 -
597FeatureSingapore Launches Digital Infrastructure to Facilitate Financial Planning
SGFinDex uses SingPass and a centrally managed online consent system to enable individuals to access their financial information held across different government agencies and FIs.
December 7, 2020 -
622Australia & NZAustralia: New Report Proposes Changes to Financial Advice Rules
The FASEA regime has created a barrier to many people who seek to provide advice services and to consumers who seek to access them, says a new Rice Warner report.
October 27, 2020 -
992EnforcementICAC Charges Former Dah Sing Bank Manager with Fraud
The former financial planning manager falsely represented to a client that taking out an insurance policy was a prerequisite for opening a corporate bank account.
August 13, 2020 -
632Australia & NZCBA has Complied with 2014 Financial Advice Licence Conditions
CBA has offered A$9.3mn to compensate customers whose advice was reviewed under the 2014 licence conditions imposed on its financial planning entities.
April 12, 2019 -
573Australia & NZAustralia Authorises New Financial Complaints Body
The Australian Financial Complaints Authority, going into operation on 1 November this year, will focus on complaints by consumers and small businesses against financial firms.
May 4, 2018 -
475Australia & NZ
CBA, ANZ to Pay Compensation for Missing Financial Advice Records
CBA and ANZ to pay $69mn and $36.4mn compensation, respectively, for failing to provide documentation of annual customer reviews.
April 16, 2018
