Centrepoint expands Queensland presence with dual acquisitions
Centrepoint Alliance will acquire client books and salaried advisers from Queensland financial advice firms Cairns Wealth and Pinnacle Wealth from Astute Financial Management, expanding its salaried advice business.
June 01, 2026
ASIC likely to act on InterPrac over AFCA determination payment delays
The corporate regulator has criticised the "deeply disappointing approach" InterPrac has taken with its lawsuit against AFCA and is considering next steps against the licensee for unpaid determinations. ASIC is also concerned about how the legal action may disincentivise further complaints from Shield and First Guardian investors.
May 29, 2026
Equity Trustees calls trustee-for-hire model ‘successful’ despite Shield, First Guardian
Equity Trustees considers the trustee-for-hire a “successful” model despite the Shield and First Guardian collapse. The group also pushed back against any moves to make trustees fund remediation for similar collapses and called for more regulation and oversight of financial advisers.
May 28, 2026
Lifting adviser capacity would make new class of adviser redundant: WT
There would be no need for a new class of adviser if advice practices were to lift productivity and the education standard was fixed, according to WT chief executive Keith Cullen. Ahead of next month’s Licensee Summit, Cullen tells Professional Planner that lifting client capacity is just one of four pillars he sees as supporting success for advice practices in his network.
May 27, 2026
Sequoia chair resigns amid InterPrac turmoil
Mike Ryan, chair of ASX-listed Sequoia Financial Group which owns under-fire InterPrac Financial Planning, has resigned from the company as the group grapples with multiple legal troubles in the aftermath of the $1 billion Shield and First Guardian collapse.
May 27, 2026
PFAN adds life insurance stalwarts to board
The Pro Bono Financial Advice Network has added life insurance stalwarts Eima Alkheder and Ben Donald to its board, as the group continues its expansion and mission to assist Australians with serious illness or disability to access pro bono financial advice.
May 27, 2026
Markets looking through turbulence as earnings growth underpins equities: AMP
Despite geopolitical turbulence, markets are avoiding short-term turmoil and reacting to the underlying fundamentals showing the strength of major economies, a pair of AMP investment executives told the Professional Planner Managed Accounts Decoded podcast.
May 26, 2026
SMC calls for outright ban on lead generators in financial services
The Super Members Council has pushed back against the government’s proposal that would require lead generators to be licensed, arguing the practice should be outright banned. The industry fund lobby group has also called for “targeted carve outs” to protect super fund member communication.
May 26, 2026
The missing role of judgement in financial advice
Financial advisers inhabit a vast world of technical compliance and many believe that if they can just tick every box and satisfy every technical requirement, they will have adequately discharged their obligations. But Templestone CEO Shivi Malik writes the reality is this is never enough.
May 25, 2026
Investigate social media companies for Shield, First Guardian collapse: FAAA
The Financial Advice Association Australia has called for an investigation into the involvement of social media platforms in the $1 billion Shield and First Guardian collapse, arguing those entities profited from selling ads without taking any accountability for investor losses.
May 25, 2026
