Keith Ford

The impact that a cyber incident can have on an advice firm goes beyond just financial damage, according to an industry expert, and removing the biggest weak link in security is key to protecting clients.

The Financial Services and Credit Panel has handed down a written reprimand to an adviser that it said provided incorrect advice on a client’s non-concessional contributions cap.

AZ NGA Oaktree Capital Management M&A AZ NGA is seeking to triple in size over the next five years as Oaktree Capital Management completes its $240 million investment in the company.

The cost of regulating the financial advice sector is $3.3 million lower than the corporate regulator had estimated, providing relief of around $200 per adviser for the ASIC levy.

How simple advice is defined will be “critical” if a new class of adviser is introduced, according to an industry expert, but there is still no clarity on exactly what this will look like.

Bain Capital’s proposed acquisition “does not adequately represent fair value” for shareholders, according to Insignia.

Financial services specialist lawyers from Cowell Clarke have raised more concerns over the drafting of the first DBFO legislation, this time impacting harmonisation of ongoing fee consents.

Bain Capital’s proposed acquisition “does not adequately represent fair value” for shareholders, according to Insignia.

The corporate regulator has launched action in the Federal Court against a crypto company after more than 500 retail clients were “denied important consumer protections”.

Join us for a special episode of Relative Return Unplugged as hosts Maja Garaca Djurdjevic and Keith Ford are joined by shadow financial services minister Luke Howarth to discuss the Coalition's goals for financial advice.