AMP has pushed back on reports that its new employment contracts grant the company the ability to conduct continuous video surveillance on staff, including when they work from home.
Op-Ed As a new election nears, advisers find themselves in much the same position as they were three or more years ago, with promises unmet and challenges too great to overcome.
Australian financial advice professionals have welcomed the Coalition’s bold pledge to restore adviser numbers to 30,000, but have said the ambition must be matched with immediate, practical reforms to education and entry pathways.
The FAAA has warned Treasury the CSLR risks becoming “unsustainable and ultimately collapsing” unless the burden of a $47.3 million special levy is spread more broadly across financial services.
Financial advisers are being urged to remain vigilant as property investor representatives warn of a resurgence of “get rich quick” marketing, unlicensed financial advice and conflicted conduct that risk damaging the credibility of the financial advice profession.
Sequoia Financial Group has addressed an email to investors caught up in the saga of Shield and First Guardian, suggesting there may be a route for some to recover part of their losses.
The Financial Advice Association Australia (FAAA) has confirmed it is aware of cases of unlicensed SMSF and property-related advice and will pass serious misconduct on to regulators.
Amid a growing backlog of superannuation and investment disputes, Shail Singh, AFCA’s lead ombudsman for investments and advice, has highlighted the human toll of delayed resolutions, describing some cases as “brutal”.
