How the cost of an SOA rose 10% inside 12 months Financial Planning Association chief executive, Dante De Gori has pointed to the impacts of increasing regulatory oversight with the cost of generating a statement of advice rising 10% in 12 months to average $2,671. For more.

Don’t rely on our audit inspection reports says ASIC The audit industry has been delivered a reasonably favourable assessment by a key Parliamentary Committee because the Australian Securities and Investments Commission said its inspection reports could not be used as a basis to judge the whole industry. For more.

360 to expand range with private equity funds Investment manager 360 Capital Group has announced its intention to become a listed investor and manager of alternative assets with two fund launches expected. For more.

Investors should remain confident but not complacent Investors should be confident but not complacent, according to Amundi Asset Management’s outlook for global high yield. For more.

Court finds AGM Markets engaged in unconscionable conduct Over-the-counter derivative issuers AGM Markets, OT Markets and Ozifin Tech have been found by the Federal Court to have engaged in systemic and unconscionable conduct, costing Australian investors $30 million. For more.

AMP University Challenge opens AMP is looking to promote the benefits of financial advice and drive professionalism in the industry through a new generation of advisers. For more.

Slow and steady? Outsider had a good chuckle when he was sedately walking down George St in Sydney and saw a large advertisement covering the side of one of the city’s brand-new trams, excuse me, light rail. For more.

From the corner office to the corner jail cell It is well known there are bad apples in financial services and Outsider is always delighted when the appropriate punishment is meted out. For more.

Is FASEA imposing water torture? Outsider knows that advisers have had to jump through hoops since the Royal Commission, especially the new education requirements. For more.