compliance

Funds management

CBA unveils new portal for SMSF trustees

CBA have launched a new online portal which allows SMSF trustees to manage their compliance and reporting duties as well as a complete view of assets and liabilities with...

Editorial

When regulatory change goes too far

ASIC chairman, Greg Medcraft, will leave a legacy of significant change, but product intervention powers and a user-pays regime might ultimately prove problematic....

Superannuation

ASIC changes so complex you need a whiteboard

Proposed ASIC class order changes to fees and costs disclosure are so opaque one industry group has called for whiteboards and an industry roundtable to dissect them....

Policy & Regulation

ASIC wants penalties that fit crime

The Australian Securities and Investments Commission chairman, Greg Medcraft, wants access to a penalty regime which can be scaled to fit the magnitude of crimes....

Policy & Regulation

Leave stockbrokers out of ASIC cost recovery

The stockbroking industry should not be targeted in ASIC’s cost recovery program as most complaints are against financial planners. ...

Financial planning

FSC calls for legal consistency for women’s wealth

The Financial Services Council has pointed to the number of employers who want to do the right thing with regard to women's retirement incomes equity but are stymied by i...

Financial planning

Spring FG denies link to banned planner

Spring FG has denied any direct links to a planner permanently banned by ASIC....

Policy & Regulation

Make user-pays equitable says FPA

The FPA supports user-pays funding for ASIC but only if it is equitable across the industry....

Financial planning

Questions asked on female super representation

The Government has been asked whether women are being appropriately represented on the boards of industry super funds....

Financial planning

Bank planners in ASIC sights

The Australian Securities and Investments Commission has flagged that bank planners and vertical integration are on the enforcement agenda for 2015/16....

Superannuation

APRA eases super board committee requirements

The Australian Prudential Regulation Authority has dropped the requirement that key superannuation board committees need to have a majority of independent directors....

Superannuation

Trailing commissions still living within super

The Australian Prudential Regulation Authority’s new reporting standards for super funds confirm continuing bureaucratic life for planner trailing commissions....

Editorial

APRA – Compare the Pair funding was fair

The industry funds’ “compare the pair” advertising campaign was the catalyst for removal of commissions and, as Mike Taylor writes, the advent of FOFA and now its underly...

Superannuation

APRA clears ISA funding/lobbying model

APRA has stated it sees no sizeable problems around the funding of Industry Super Australia and its lobbying efforts against Government Budget measures....

Policy & Regulation

First risk advice, now interest only loans

ASIC has issued a harsh assessment of how lenders are handling interest-only loans reminiscent of its critical analysis of life/risk advice arrangements....