Rantall a ‘tireless worker’ for the profession and its members

The chair of the Financial Planning Association, Neil Kendall, has paid tribute to the tireless efforts of departing chief executive Mark Rantall in shaping the future of the financial planning profession in Australia. Kendall announced Rantall’s departure yesterday at the FPA Professionals Congress in Brisbane. Rantall was awarded life membership of the FPA, and Kendall […]

ASIC defends “complex” Commonwealth probe

Australian Securities and Investments Commission (ASIC) deputy chairman Peter Kell has defended the regulator’s actions in assessing illegal activity and conflicts of interest within Commonwealth Financial Planning (CFPL). With the watchdog facing a Senate inquiry over it’s handling of the high-profile investigation, Kell said ASIC welcomed the opportunity to explain “what we do, what we […]

Commonwealth adviser banned; Storm rages on

ASIC has permanently banned a former Commonwealth Financial Planning financial planner in its latest action against the Commonwealth Bank of Australia subsidiary. In June, ASIC accepted an enforceable undertaking from former CFPL employee, Joe Chan, following an investigation into the advice provided by several Commonwealth financial advisers.