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Lawyers pounce on ASIC 'best interests' litigation

 
  Jun 17, 2016 
 
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Lawyers pounce on ASIC ‘best interests’ action

Plaintive law firm, Slater and Gordon, has moved to leverage ASIC’s ‘best interests’ legal action against NSG Financial Services, seeking unhappy clients who want to pursue compensation. Read more

Crestone acquires UBS Wealth Management

Crestone has finalised its acquisition of UBS Wealth Management Australia, and has started operating with $14 billion in AUM. Read more
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Shift focus to other FSI recommendations

Industry groups are urging the Government to turn its attention to other recommendations cited in the FSI such as simplifying statements of advice even as election fever rolls on. Read more

MLC’s Hogan to join SMSFA

Hogan will depart MLC to join the SMSFA as its new head of technical, and will look to strengthen the relationship between NAB/MLC and the SMSFA. Read more
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Australian blue chips offer mediocre long-term returns

Australian investors stick to ‘blue chips’ which offer mediocre long-term returns and often fail to grow the wealth of their shareholders, according to Roger Montgomery. Read more

Australia and Singapore sign fintech agreement

Australian and Singaporean regulators have signed a co-operation agreement to support innovative business and fintech companies as they foray into the respective markets. Read more
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Investec expands its senior team

Investec has appointed a managing director to strengthen its corporate advisory business in Australia, adding to other recent senior recruits. Read more

Editorial

Justified Royal Commission or brutal payback?

Federal Opposition leader, Bill Shorten, has declared that a Labor victory will bring forth a Royal Commission into the banks but the reality is that all sections of the financial services industry will be in the spotlight. Read more
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Features

What’s keeping advisers up at night? – Adviser Sentiment Part 1

The financial planning industry has probably accepted by now that change is a constant, stemming from legislation, regulation, or the Budget. Malavika Santhebennur wades through various issues and examines what is concerning advisers. Read more

What’s the cost of bedding down FOFA? – Adviser Sentiment Part 2

Financial planners talk about what the costs of implementing FOFA have been for their practices even as they contemplate the next suite of changes stemming from tinkering with the superannuation system in the Budget, Malavika Santhebennur writes in part two of this feature. Read more
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Expert Analysis

Diverse opinions

While non-traditional assets look useful for diversification beware they are not like the toxic assets that were at the heart of the GFC, Richard Dunbar writes. Read more
 
 
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