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Financial planning
The Federal Government intends reconstituting the Financial Sector Advisory Council but will planners get a voice?...
Financial planning
A new e-book analysing mistakes within SOAs identifies failings around identifying what is really in a client’s best interests....
Policy & Regulation
Australian Capital Markets' parent company, Formax International, gets rap over knuckles from ASIC over misleading interpretation of ACM AFSL suspension....
Policy & Regulation
ANZ will pay approximately $13 million in compensation after failing to accurately apply bonus interest to customers’ Progress Saver Accounts for a number of years. ...
Life/Risk
Life/risk advisers urged to get their paperwork in order if they want to ensure grandfathered arrangements under the new Life Insurance Framework....
Superannuation
Labor Senators Sam Dastyari and Chris Ketter have attacked APRA’s Helen Rowell over her speech supporting the Government’s super governance changes....
Superannuation
The Government’s changes to superannuation governance have had sign-off from the majority of the Senate Economics Committee....
Policy & Regulation
ASIC chairman, Greg Medcraft says the regulator supports robo-advice but also acknowledges problems such as meeting best interests duty and compensating for bad advice....
Superannuation
The Federal Treasury has confirmed that proposed new powers for the Australian Prudential Regulation Authority will only impact independent directors, not those appointed...
Superannuation
Industry funds may be resisting superannaution fund governance changes but they believe the boards of ASX-listed companies will benefit from greater diversity....
Life/Risk
New analysis suggests Australian life insurers could face big remediation bills if ASIC were to emulate its UK regulatory counterpart in the life insurance arena....
Financial planning
The financial advice industry is facing systemic issues rather than being plagued by just a few bad apples, says ASIC deputy chairman, Peter Kell....
Financial planning
Consumers go to planners with the belief that they are professionals in the same context as lawyers and accountants, and are surprised when they find otherwise....
Superannuation
The Government’s changes to superannuation fund governance could cost some funds around $100,000 a year for an independent chairman and up to $60,000 a year for independe...
Financial planning
NAB’s remediation scheme must be fair and equitable, if it is to work to restore trust in the financial advice sector, Slater and Gordon believes....
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Podcast
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...