Michael Banks - Managing Director (DRB Financial Advisers)

Former financial adviser charged in alleged $160k super fraud case

9 May 2025, 12:40pm

Former financial adviser Abdullah Popal has been charged with alleged fraud offences in Sydney's north-west, accused of hoodwinking five individuals out of over $160,000 from their self-managed super ... Read more

Reducing super tax cap to $2m 'a concern': FAAA

9 May 2025, 12:32pm

The FAAA has voiced concerns over the Labor government's proposed superannuation tax, saying if they are negotiating with the Greens, a reduction in the cap to $2 million would be problematic. Read more

FAAA calls for stronger consumer protections in advice reforms

7 May 2025, 12:40pm

The Financial Advice Association of Australia (FAAA) has opposed collective charging for "always complex and costly" retirement planning advice and emphasised the need for consumer protection in the provision ... Read more

Adviser numbers jump in March quarter: Rainmaker

2 May 2025, 12:34pm

The March quarter saw the highest number of financial advisers join the sector in the last seven years to reach 15,982, according to Rainmaker Information. Read more

Spender criticises Labor's 'lack of urgency' on advice reforms

17 April 2025, 12:51pm

Independent member for Wentworth Allegra Spender said declining adviser numbers is a fundamental issue that needs an "urgent fix", while the CSLR is a "textbook case of moral hazard." Read more