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ASIC
Superannuation
Government outlines basis for registering SMSF auditors while ASIC will devise a competency exam in consultation with the industry....
Superannuation
The Institute of Chartered Accountants in Australia has welcomed the auditor registration regime but with some caveats....
Superannuation
The cost of registering as a self-managed superannuation fund (SMSF) auditor is likely to be in the hundreds of dollars rather than thousands, according to SMSF Professio...
Superannuation
The deepening use of social media for member communication is pushing superannuation funds closer to transgressing the legal frameworks set in place to govern general and...
Policy & Regulation
The Government’s Future of Financial Advice (FOFA) legislation passed through the Senate yesterday, but there seems to be some confusion over whether the terms 'financial...
Financial planning
BMW has been ordered by ASIC to repay $1,392,667 to customers after the car financer breached the National Credit Code....
Financial planning
With submissions being considered by ASIC, it is essential that the financial services industry understands the potential ramifications of removing the current pay-for-ra...
Financial planning
Avant has responded to ASIC concerns regarding a recent mail-out to policy holders that contained potentially misleading information....
Policy & Regulation
The Government's Future of Financial Advice (FOFA) bills have passed the Senate, moving the hard compliance date back to 1 July 2013....
Editorial
Mike Taylor writes that the Federal Opposition has signalled some of the so-called ‘concessions’ extracted around the passage of the FOFA bills may not have a life beyond...
Life/Risk
Australian Life Insurance Distribution will be required to adhere to additional compliance conditions after ASIC found the company had failed to comply with several condi...
Superannuation
ASIC has released guidance on the shorter product disclosure statement regime which will apply to superannuation and simple managed investment scheme providers....
Financial planning
Finding a good adviser is 'almost a matter of chance' according to Vanguard head of corporate affairs and market development Robin Bowerman....
Financial planning
The Australian Taxation Office (ATO) has positioned a taskforce to crack down on structured financial products offering franking credits....
Financial planning
ASIC has wound up an unregistered managed investment scheme known as Master Fund, which extracted $3.6 million from 40 Australian investors....
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MARKET INSIGHTS
Podcast
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,...