compliance

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 say van Eyk no longer “strategic”

AWI declares van Eyk Research to be no longer a strategic asset and that it no longer has aspirations to move to control....

Superannuation

Multiple super accounts declining

New ATO data confirms most Australians have just one superannuation account....

Financial planning

Banks told to cover all their problems

APRA uses draft guidance to tell the banks, AMP Limited, Macquarie, Suncorp and Challenger that operational separation is not an option for avoiding losses....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 to maintain Wealth Management strategy

Commbank Wealth Management head, Annabel Spring says the group will remain focused on its existing strategy....

Financial planning

Avaloq achieves compliance goal

Avaloq points to Australian compliance rating....

Financial planning

Licensees warned on attracting regulatory attention

Law firm suggests simple licensing compliance is the best way of avoiding undue regulatory attention....

Financial planning

Your Super Accountant penalised for 'free’ SMSF set up ad

Your Super Accountant has paid a $2040 infringement notice penalty in relation to potentially misleading statements about the cost of setting a self-managed superannuatio...

Financial planning

Esuperfund pays infringement notices for false/misleading advertising

Esuperfund Pty Ltd has paid $30,600 in penalties after ASIC issued three infringement notices in relation to “false or misleading” online advertising....

Financial planning

Tough ASIC report on churn expected

Life/risk advisers are bracing themselves for ASIC to issue a tough analysis of churn and lapse rates....

Policy & Regulation

Regulators’ ‘stakeholder’ status better defined

The Federal Government appears to have more clearly defined the boundaries of stakeholder status for ASIC and APRA....

Financial planning

ASIC enforcement report skirts headlines

ASIC’s enforcement report for the first six months of this year appears to have skirted the issues that made the biggest headlines....

Policy & Regulation

Macquarie says its on track on EU

Macquarie has used its AGM to claim it is on track in meeting the terms of its 2013 Macquarie Private Wealth enforceable undertaking....

Life/Risk

Insurer losses ‘self-inflicted’ - APRA

APRA deputy chairman claims insurers ignored the regulator’s warnings and ended up with self-inflicted wounds including premium increases of up to 150 per cent....