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Life/Risk
Superannuation funds negotiating new group insurance arrangements will have to prove and certify that they are in the best interests of members....
Financial planning
A month after being subject to Federal Court proceedings launched by the corporate regulator, the financial services group has announced it would re-brand to E&P Financia...
Superannuation
Superannuation funds have been identified as having fallen short in the manner in which they communicated the implications of the Government’s Protecting Your Superannuat...
Policy & Regulation
ASIC has initiated its first ever action relating to alleged breaches of the FOFA best interests duty....
Financial planning
After withdrawing over $113,000 from ATMs under eight false credit cards Westpac home finance manager Ravinesh Singh was banned from ever providing financial services by ...
Financial planning
New analysis points to planning firms having no escape from an increasing compliance burden....
Financial planning
Financial advisers’ fee structures abet “closet indexing” by fund managers, creating a clear conflict of interest between planners’ earnings and their clients’ best inter...
Financial planning
FPA chief executive Mark Rantall has asked members to imagine a profession that is highly regarded and urged them to get behind recommended changes to higher education an...
Financial planning
Former Health Minister, Dr Michael Wooldridge, is one of five former directors of Australian Property Custodian Holdings Limited (APCH) who have been penalised by the Fed...
Policy & Regulation
Clive Palmer believes Future of Financial Advice (FOFA) laws have overlooked superannuation funds, expressing fears that the protection of industry super fund members cou...
Financial planning
The major financial planning groups and companies are continuing to lobby for FOFA changes, but planners are being urged to accept the law as it currently stands....
Life/Risk
Risk commissions may be a mis-match for best interests duties, with the current product-driven framework incentivising insurance options that could distract advisers from...
Financial planning
Industry public offer fund Sunsuper and the Financial Planning Association (FPA) have announced they have agreed to a national referral program....
Financial planning
It's been an issue that's ruffled feathers across the industry, but is scaled advice finally gaining traction in the planning world? Kate Cowling investigates. ...
Financial planning
As risk planning remains a hot topic in the financial advice space, Malavika Santhebennur explores the top 10 legal quandaries planners can find themselves in and how to ...
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MARKET INSIGHTS
Podcast
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...
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....