ASIC

Editorial

FOFA report calls for product providers to accept responsibility for their failures

Mike Taylor writes that the Government’s FOFA process has finally produced a genuinely positive outcome in the St John report’s clear analysis of the need for financial p...

Financial planning

Two more depart Professional Investment Services

Professional Investment Services (PIS) has confirmed to Money Management the departure of chief information officer Len Sanders and the resignation of ASIC concern leader...

Financial planning

ASIC warns investors of Gold Coast investment scam

Investors are being warned by the Australian Securities and Investments Commission of a Gold Coast based unlicensed financial services business operating under the name o...

Editorial

FOFA victory or pyrrhic victory?

As ASIC moves to translate the FOFA Acts into a new regulatory environment, there appears every chance that opt-in obligations may need to become an integral part of indu...

Financial planning

Bill Shorten fingers financial advisers on Trio Capital

Minister for Financial Services Bill Shorten canvasses SMSF compensation levy while fingering some financial advisers on Trio Capital collapse....

Financial planning

Financial planning industry tackles code of conduct confusion

The code of conduct carve-out to opt-in requirements has led to questions over what happens when there is a disparity between the approach of licensees and the obligation...

Financial planning

Trio Capital worse than Storm Financial, says PJC

The Parliamentary Joint Committee investigating the Trio Capital collapse says it is more troubling than Storm Financial, and the FOFA changes are unlikely to stop a repe...

Superannuation

Trio Capital PJC report calls for action

Opposition urges action to extend compensation to a wider range of Trio Capital investors....

Policy & Regulation

Bill Shorten's opt-in a 'dummy'

The Federal Opposition believes some segments of the financial planning industry got 'sold a dummy' on the manner in which approved industry codes of conduct would 'obvia...

Financial planning

Boutique financial planners raising the white flag

Compliance consultant Christina Kalantzis has seen an uptick in the number of boutique financial planners looking to 'hand back' their Australian Financial Services Licen...

Life/Risk

Fraudulent PI claims driving premiums up: Vero

Professional indemnity premiums are high because insurers have difficulty identifying authorised representatives who have made fraudulent claims in the past, according to...

Superannuation

Study examines SMSF costs

A study currently being conducted by the University of Adelaide may allow both current and prospective SMSF trustees to make greater cost comparisons, according to Plaza ...

Financial planning

Corporate insolvencies at a historic high

Corporate insolvencies remain at historically high levels, rising by 16.7 per cent in the March quarter compared to the same time last year, according to the latest figur...