compliance

Financial planning

The Financial Planning Association has suggested naming and shaming to ensure compliance with the code of conduct applying to insurance within superannuation....

Financial planning

Digital advice starts with compliance

There is too much focus on the engagement piece rather than compliance when it comes to financial services firms embracing the digital advice path, Decimal believes....

Features

Lessons learned from Report 515

Laura Sullivan and Grant Holley compile seven lessons that will ensure financial firms comply with financial services laws....

Financial planning

AI has compliance and education potential

Regtech has the potential to flag risk content in, say, statements of advice before it’s delivered to clients while an education piece could be attached for self-correcti...

Superannuation

SMSF pension phase members compliance obligations approaching

SMSF members in the pension phase need to ensure they have met their minimum pension payments by 30 June, the SMSF Association warns....

Policy & Regulation

Regtech could boost compliance

Regulatory and technological developments could aid in better detecting and responding to misconduct, according to Greg Medcraft....

Policy & Regulation

Whistleblower laws miss management and corporate behaviours

Union wants whistle-blowing laws to be extended to management conduct, practices, and behaviours....

Superannuation

ASIC to shadow shop SMSF advice

ASIC has confirmed it will be shadow shopping advisers who recently provided advice on SMSFs as it focuses on areas of potential risk of poor advice....

Superannuation

ASIC on heels of accountants

ASIC deputy chairman, Peter Kell has warned accountants the regulator will be visiting their firms to ensure they are operating within the new licensing regime....

Policy & Regulation

Banking Royal Commission a Shorten ‘tyre pumping’ exercise

The Federal Treasurer claims the major beneficiary of a Royal Commission into the banking and financial services industry would be Federal Opposition leader, Bill Shorten...

Superannuation

Super industry its own worst enemy

The superannuation industry is failing to communicate its positive contributions to members as segments are mud-slinging each other, according to APRA....

Policy & Regulation

Committee urged to demand proper definition of ‘churn’

The Parliamentary Committee review into the life insurance industry has received new calls to demand appropriate data properly defining what is and is not ‘churn’....

News

Not all churn is bad, admits ASIC

Churn may well be occurring in the client’s best interests, according to the Australian Securities and Investments Commission....

Policy & Regulation

O’Dwyer awaits SG report from sceptical agencies

Revenue and Finanical Services minister, Kelly O’Dwyer is expected to receive an interim report around superannuation guarantee non-compliance within days....

Policy & Regulation

ATO labels ISA claims ‘over-stated’ and unreliable

The Australian Taxation Office has challenged the reliability of Industry Super Australia research on SG underpayments telling a Parliamentary committee the problem has b...