Financial planners
Financial adviser gets retrial on 12-year jail term due to ‘incompetent’ barrister
Ben Jayaweera was convicted in October 2019 of diverting clients’ investments into a failed abalone farm project without their knowledge.
- by Toby Crockford
Latest
Opinion
Fintech
Algorithms giving financial advice? Better get used to it
Leading superannuation funds think that using robo-advice could be part of the answer to a long-running problem in providing much-needed, affordable financial guidance to their members.
- by Clancy Yeates
‘Multiple failures’: ASIC sues Macquarie Bank after $2.9m embezzlement
The corporate watchdog is taking legal action against Macquarie Bank for failing to properly monitor and control transactions by financial advisers in their clients’ accounts.
- by Clancy Yeates
Analysis
Superannuation
Demand fuels super fund launch of robo-advice
The $66 billion superannuation fund HESTA is one of several industry players trying to address the barriers to getting financial advice by using digital tools.
- by Clancy Yeates
Robo guidance gathers pace as advice fees soar
While robo guidance can be a good way to invest at low cost and their use is expected to grow, it is unlikely to replace face-to-face financial advice.
- by John Collett
Opinion
Opinion
Tangible benefits in obtaining professional financial advice
Individuals who are in low socio-economic wealth bands – those that can least afford it – gain more from getting financial advice than those who are wealthy.
- by Paul Benson
Calls to hardship helplines rocket as lockdowns roll on
Thousands of New South Wales and Victorian residents and small business owners have sought assistance from national financial helplines as they struggle to make ends meet.
- by John Collett
Opinion
Analysis
ASIC steps up with checks for planners, mortgage brokers
New reference checking rules for financial planners and mortgage brokers will make it harder for industry “bad apples” to move between employers
- by John Collett
Rapid decline in financial adviser numbers sees fees rise
Adviser numbers could slump to just 13,000 by the end of 2023, down more than 50 per cent since 2018, as tougher educational standards bite.
- by John Collett
‘Deeply stupid’ financial adviser sentenced to six years’ jail
Ross Andrew Hopkins tried to cover up his offences, but was still caught embezzling $2.9 million from his north shore clients.
- by Sarah Danckert
Analysis
Analysis
Confusion reigns over various types of financial advice
Many consumers have a hard time knowing if the financial advice they are receiving is nothing more than a sales pitch.
- by John Collett