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Policy & Regulation
A recent WA Supreme Court decision has established a precedent for TPD claimant rights in circumstances of bankruptcy....
Policy & Regulation
The latest Four Corners report detailing problematic TPD claims-handling have served to reinforce the value of good life/risk advisers....
Financial planning
ASIC chairman, Greg Medcraft, has pointed to middle-managers as being more influential in driving financial services cultures....
People & Products
A new managed account business, MA Operator, has launched into the industry this week, which would target financial advisers to manage investments on clients’ behalf....
Financial planning
The Australian Securities and Investments Commission is pondering its position after a decision of the full Federal Court handed it a significant setback....
Financial planning
ASIC has cancelled the AFSL of Sydney-based general product advice provider, Etern Wisdom, for breaching both its obligations and its licence conditions. ...
Financial planning
ASIC has removed additional conditions it imposed on Macquarie Bank’s AFSL after a review by KPMG found no additional breaches to those the bank had already reported. ...
Financial planning
Advisers were spending 30 hours a week on administration but only nine hours meeting clients face-to-face despite a desire to meet clients more....
Superannuation
ASIC has warned 185 SMSF auditors they face deregistration if they don’t lodge their annual statements and pay their outstanding fees....
Policy & Regulation
The Australian Prudential Regulation Authority has moved to increase the power of appointed actuaries to scrutinise and give board level advice on life/risk product terms...
Funds management
ASIC has identified serious non-compliance issues and significant failures in the retail OTC derivatives industry....
Financial planning
Plaintive law firm, Slater and Gordon, has moved to leverage ASIC’s ‘best interests’ legal action against NSG Financial Services, seeking unhappy clients who want to purs...
Superannuation
Regulatory anomalies can mean the benefits of obtaining insurance within superannuation can be eroded at claims time....
Accounting
Accountants have been warned that there are consequences if they don’t clamp down on tax scams and evasion....
Funds management
Australian Securities and Investments Commission chairman, Greg Medcraft, places planning and life insurance front and centre of regulator’s attention following increased...
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MARKET INSIGHTS
Podcast
This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...
Interesting. Would be good to know the details of the StrategyOne deal....
It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...