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Superannuation
The regulatory or consumer benefits for superannuation funds to report portfolio holdings has not been demonstrated by the Federal Government according to a leading legal...
Funds management
A review of disclosure to investors by the unlisted property industry has been described as “disappointing” by ASIC....
Superannuation
Superannuation funds risk falling foul of new legislation due to inconsistent fee and cost disclosure practices, an ASIC report reveals....
Financial planning
Sentry Financial Services to write to SMSF clients after ASIC surveillance of corporate authorised representative...
Financial planning
ASIC considers allowing managed investment schemes to be automatically registered, with non-compliant schemes regulated by stop-orders....
Life/Risk
A recent Victorian Supreme Court decision has serious implications for risk advisers....
Financial planning
The Department of Treasury has pointed to the role of financial advice in assisting consumers to engage with the financial system....
Accounting
The Australian Taxation Office (ATO) is pushing all taxpayers with offshore assets to declare their interests before it starts a global clampdown on tax evasion....
Financial planning
ASIC frustrated that the penalty regime imposed is less than the profit companies gain from poor behaviour, and that disclosure is no longer a 'disinfectant’ for law-brea...
Superannuation
AUSTRAC criticised for failing to appropriately define politicians, senior public servants and senior members of the military. ...
Financial planning
Almost a third of advised Australians last heard from their financial planner more than a year ago, which puts them “at risk” of switching, a report says....
Financial planning
ASIC has released updated guidelines on its shorter Product Disclosure Statement (PDS) push, reminding superannuation providers to detail cooling-off periods and costs. ...
Superannuation
Warning self-managed super funds (SMSFs) that they are not entitled to compensation is too “simplistic” and needs to factor in all financial assistance available....
Superannuation
ASIC wants investors to be better informed before establishing SMSFs but denies it will pursue prescriptive new disclosure requirements....
Financial planning
Fair Loans Foundation has entered into an enforceable undertaking under which it will refund 864 consumers around $157,000 in overcharged interest. ...
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Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...
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....