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Financial planning
ASIC chairman, Greg Medcraft, confirms planners and SMSFs are on ASIC’s radar over the next 12 months....
Funds management
Merrill Lynch has paid a $96,000 infringement notice penalty after it filled an order that “had the potential to damage the reputation and integrity of the market”....
Policy & Regulation
Deloitte argues that FOFA taken together with other initiatives suggests the regulatory pendulum has swung too far....
Financial planning
The Law Council of Australia’s Business Law Section has urged against extending ASIC’s powers to encompass product intervention....
Financial planning
ASIC has cancelled the AFSL of Global Derivative Services after it failed to comply with licence obligations...
Financial planning
ASIC has confirmed it has tightened its approach on enforceable undertakings in the wake of those applying to Commonwealth Financial Planning and Macaquarie Private Wealt...
Life/Risk
Suncorp Life chief executive, Geoff Summerhayes wants Treasury to get life/risk legacy product rationalisation back on agenda....
Financial planning
The founder and director of the responsible entity for two MISs which were wound up owing around $200 million is fined $10,000 for failing to assist the liquidators....
Life/Risk
ANZ has used its second submission to the FSI to back the imposition of time limits on life insurance claims similar to those applying to general insurance....
Financial planning
AWI declares van Eyk Research to be no longer a strategic asset and that it no longer has aspirations to move to control....
Superannuation
New ATO data confirms most Australians have just one superannuation account....
Financial planning
APRA uses draft guidance to tell the banks, AMP Limited, Macquarie, Suncorp and Challenger that operational separation is not an option for avoiding losses....
Financial planning
Commbank Wealth Management head, Annabel Spring says the group will remain focused on its existing strategy....
Financial planning
Avaloq points to Australian compliance rating....
Financial planning
Law firm suggests simple licensing compliance is the best way of avoiding undue regulatory attention....
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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...