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FINANCIAL PRODUCTS
Funds management
Removing barriers for fund managers and super funds to transition to modern investment products would result in customers retiring with cumulatively $16 billion more by 2...
Financial planning
The Australian Securities and Investments Commission will regard personal advice entailing client best interests as obviating many of the adviser strictures of the new de...
Policy & Regulation
Platform providers and those engaged in managed accounts will need to be alert to new regulations which extend the sweep of the Design and Distribution Obligations regime...
Financial planning
The Financial Services Council has welcomed new legislation aimed to provide more protection for consumers from poor financial products....
Financial planning
The Australian Financial Complaints Authority reported it received over 13,000 phone enquiries in its first month of operation. ...
Policy & Regulation
The Federal Government is proposing to increase the value limit of products in employee share schemes that can be offered in a 12-month period from $5,000 to $10,000 per ...
Financial planning
Industry Super Australia has objected to exempting personal financial advice from product design and distribution obligations, arguing planners need to be held responsibl...
Policy & Regulation
The Law Council of Australia has urged the Government that it needs to amend proposed new financial product design and distribution laws to exclude intervention in produc...
Policy & Regulation
The Australian Baking Association has warned that new Design and Distribution laws may result in bank staff being mistaken for advisers....
Policy & Regulation
The Australian Securities and Investments Commission has signalled the likelihood that it will become significantly more litigious in the wake of the Royal Commission....
Policy & Regulation
The Australian Securities and Investments Commission is arguing that giving it product sales training intervention powers may reduce the need for it to take extreme actio...
Policy & Regulation
The Australian Securities and Investments Commission said it will commence a review of school banking programs in primary schools....
Financial planning
The Financial Planning Association has suggested risk rating financial products to better target consumer protections....
Financial planning
Mortgages should be deemed financial products under the Corporations Act requiring the provision of licensed advice, according to actuarial consultancy, Rice Warner....
Editorial
Financial services product manufacturers should be prepared to stand behind their offerings and ensure they are directed to the right consumers by the right people....
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MARKET INSIGHTS
Podcast
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,...
increased professionalism within the industry - shouldn't that say, FAR register almost halving in the last 24 months he...