ASIC chair Joe Longo believes that there will always be a risk of people losing money to investment schemes like Shield and First Guardian without totally restricting consumer choice. Discussing the ...

CFS will launch its adviser-facing Edge platform today, opening the offer to the broader market after completing a soft launch over the year. The wealth giant unveiled Edge last November, with the ...

“Men wanted, for hazardous journey, small wages, bitter cold, long months of complete darkness, constant danger, safe return doubtful, honor and recognition in case of success.” Ernest Shackleton’s ...

First, a disclosure: this author’s professionally advised SMSF is largely invested in a managed discretionary account (MDA). And so, by definition, he has no personal beef with managed accounts, nor ...

As the collapse of Shield and First Guardian rattles the industry, advisers are divided over who should have done better due diligence and bear responsibility for putting the failed schemes in front ...

BT Financial Group has attempted to refute a Bell Potter research report that found the highly publicised fee changes to its Panorama platform didn’t stack up against its competitors, especially for ...

The Compensation Scheme of Last Resort has revealed the initial estimate for the FY27 levy will be $126.9 million for financial advice, once again breaking the subsector cap, but Shield and First ...

The average adviser has seen a salary increase, while the average advice practice makes a 21 per cent profit margin, according to Adviser Ratings. The researcher’s 2024 Advice Landscape report found ...

The Federal Court has frozen assets of financial adviser Ferras Merhi, who was caught in the middle of the ASIC investigation into the collapse of the $480 million Shield Master Fund. Merhi controls ...

The Australian Financial Complaints Authority has defended the usage of its “but for” methodology, saying it can only apply if the adviser has breached the best interest duty. AFCA’s “but for” process ...

ASIC has made an interim stop order preventing Australian Unity from distributing the Select Income Fund (SIF) to retail clients. ASIC’s action was in response to concerns that Australian Unity failed ...