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Superannuation
ASIC has warned 185 SMSF auditors they face deregistration if they don’t lodge their annual statements and pay their outstanding fees....
Policy & Regulation
The Australian Prudential Regulation Authority has moved to increase the power of appointed actuaries to scrutinise and give board level advice on life/risk product terms...
Funds management
ASIC has identified serious non-compliance issues and significant failures in the retail OTC derivatives industry....
Financial planning
Plaintive law firm, Slater and Gordon, has moved to leverage ASIC’s ‘best interests’ legal action against NSG Financial Services, seeking unhappy clients who want to purs...
Superannuation
Regulatory anomalies can mean the benefits of obtaining insurance within superannuation can be eroded at claims time....
Accounting
Accountants have been warned that there are consequences if they don’t clamp down on tax scams and evasion....
Funds management
Australian Securities and Investments Commission chairman, Greg Medcraft, places planning and life insurance front and centre of regulator’s attention following increased...
Financial planning
The Government has reconstituted the Financial Sector Advisory Council and has selected executives almost exclusively from the big end of town....
Policy & Regulation
ASIC deputy chairman, Peter Kell, has admitted that prior to issues around CommInsure, it had received few complaints about life insurance claims handling....
Accounting
Non-aligned group, Libertas Financial Planning, launches an accountants’ licensing package, with software that creates SOAs and walks them through compliance processes....
Financial planning
The Commonwealth Bank has defended its claims handling personnel and denied any misconduct, but chief executive, Ian Narev, has conceded process may have been put ahead o...
Financial planning
ASIC bans former financial planner after receiving information from National Australia Bank....
Funds management
A meeting involving the Prime Minister, Treasurer and Assistant Treasurer saw the banks agreeing to absorb the cost of a higher financial services levy....
Policy & Regulation
The Government is set to increase the APRA levy to fund increased ASIC scrutiny of the banking industry....
Policy & Regulation
Federal Treasurer, Scott Morrison, flags meeting with ASIC later this week on issues of bank conduct....
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So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...