Is the FASEA code in no man’s land? The Financial Adviser Standards and Ethics Authority code of ethics may be in force but no authority is in place to oversee its enforcement and the Australian Securities and Investments Commission doesn’t want the job. For more.

Opposition: FASEA a ‘monumental mishandling’ The Shadow Assistant Treasurer and Shadow Minister for Financial Services, Stephen Jones, has slammed the Financial Adviser Standards and Ethics Authority along with the Government for the mishandling of the roll out of professional standards reform. For more.

King of the long/short One Australian long/short fund has returned 87.25% over the last year, according to data from FE Analytics. For more.

FASEA standards trump other codes if stricter Tax financial advisers must not follow existing flexible arrangements under the Tax Practitioner Board’s code if the Financial Adviser Standards and Ethics Authority’s equivalent standard is stricter. For more.

Unpaid super hit QLD workers Queensland workers are losing out on more than $1.1 billion a year due to the unpaid super, according to the Industry Super Australia. For more.

Morgan Stanley to acquire E*TRADE platform for US$13 billion Morgan Stanley is to acquire E*TRADE for US$13 billion, to boost its presence in the wealth management space by bringing over $360 billion in retail client assets. For more.

Townsville adviser charged with dishonestly using client money Anthony Dick has been charged after using clients’ savings to fund his own personal lifestyle expenses. For more.

ATO to use more education directives The tax office is imposing more educational directives where self-managed superannuation fund members have breached regulatory contraventions in a bid to prevent reoffenders. For more.

BFG posts 33% profit increase Solid performance from all divisions has seen Bell Financial Group post a strong full-year result. For more.

Zurich settles distribution team After acquiring OnePath last winter, Zurich has settled its senior distribution team for both brands. For more.

Broken leg, not legacy Outsider knows that the girls and boys over at CommInsure have been just a bit distracted in recent times given the long, very long, nature of the transaction which will ultimately result in the company being owned by AIA Australia Limited. For more.

Indy and Michael got a gong, what about Outsider? Once again, Outsider found himself missing out on an Australia Day award, notwithstanding his contribution to the restaurant industry, single malt manufacture and the sport of golf. For more.

Himbury heads off into the sunset, kind of And, as the sun finally sets in the west, Outsider bids farewell to the outgoing chief executive of IFS Investors, Brett Himbury. For more.