Merry Christmas from financialobserver


On behalf of financialobserver I would like to wish all our readers a Merry Christmas and a Happy New Year. Thanks so much for your support in 2017 and we look forward to engaging with you again in 2018... Read More

Ex-CBA adviser fined for forgery


A former Commonwealth Bank of Australia (CBA) adviser has been fined $3000 by a Brisbane court for forging client signatures on a number of internal documents and financial product applications. Ricky Gillespie,.. Read More

Unlicensed advice needs higher penalties


The FPA has called for harsher penalties for those caught providing financial advice without a licence, saying they should be brought into line with current penalties available to the corporate regulator for advisers.. Read More

Zurich buys ANZ life business


Zurich has purchased ANZ’s OnePath life insurance business for $2.85 billion as the global life insurer looks to rapidly expand its presence in the “mature Asia-Pacific” market and broaden its bank .. Read More

Household debt a GDP drag


Australian households would remain constrained by low income growth, which would be a drag on gross domestic product (GDP) and lead to low levels of confidence, according to fund manager BlackRock. Addressing th.. Read More

Zagga launches P2P fund


Lending platform Zagga has launched a new fund with the aim of broadening investor access to the peer-to-peer market, which is proving popular with high net worth investors due to its strong yields, low risk and medi.. Read More

AZ NGA buys AFA Practice of the Year


AZ Next Generation Advisory (AZ NGA) has purchased last year’s Association of Financial Advisers (AFA) Practice of the Year in what the group said would be its penultimate acquisition for 2017. In a statem.. Read More

Insto involvement could boost literacy


United States investment manager Ariel Investments and financial communications firm Honner have called for more involvement from major financial institutions when it comes to educating school-aged children about inv.. Read More

Thematic, active ETFs to drive growth


Thematic investing and actively managed products would be two key trends driving the continued growth of the exchange-traded fund (ETF) market in the coming year, according to two leading ETF issuers. Speaking t.. Read More

AAT reverses decision on Macquarie adviser


The Administrative Appeals Tribunal has upheld the corporate regulator’s banning of a former Macquarie adviser for the manipulation of MINI warrants, reversing a previous decision made earlier this year. A.. Read More

Australians unsure about group insurance


The majority of Australians were unsure of the extent of insurance coverage they had inside superannuation, meaning life insurers must do more to help consumers understand and adjust their group insurance coverage if.. Read More

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