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INDUSTRY NEWS
The remuneration standard comes into effect at the start of 2023 and aims to create more balanced incentive structures for the superannuation, insurance, and banking indu...
INDUSTRY NEWS
Some of the CP 332 ‘Promoting access to affordable advice for consumers’ project has been put on hold as the corporate regulator assesses what funding will be needed for ...
INDUSTRY NEWS
The Federal Government will begin consultation on finalising its Corporate Collective Investment Vehicles regime, which aims to benefit foreign investment in Australian m...
INDUSTRY NEWS
Declining incomes from the COVID-19 pandemic and ever-rising regulatory costs have crippled small to medium advice businesses, and product issuers should be carrying more...
INDUSTRY NEWS
There is a lack of clarity for when a disciplinary panel will be called and an association believes it should not be called for a breach of Standard 3 or 6, and that writ...
INDUSTRY NEWS
The Government has included changes to the way portfolio holdings should be organised and what format they should be displayed in. ...
INDUSTRY NEWS
Consumer bodies have joined the financial adviser bodies and the Federal Opposition in voicing their displeasure with the proposed draft legislation for the compensation ...
INDUSTRY NEWS
As part of its penalty for overcharging interest on business overdraft accounts, which it has been forced to pay $7 million, it will also be required to publish misconduc...
INDUSTRY NEWS
Eight industry associations say the compensation scheme of last resort will become a “go to” rather than a last resort and excludes product providers from accountability....
INDUSTRY NEWS
The temporary measures that allowed companies and their officers to only be liable for civil penalty proceedings where they acted with “knowledge, recklessness or neglige...
INDUSTRY NEWS
The Government will seek feedback on when the corporate regulation must convene a Financial Services and Credit Panel and the type of sanctions to include on the financia...
INDUSTRY NEWS
A review from the corporate regulator of the six largest financial services institutions shows they have collectively paid or offered $1.86 billion in compensation for fe...
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This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...
Interesting. Would be good to know the details of the StrategyOne deal....
It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...