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FINANCIAL SERVICES REFORM
Financial planning
Federal Government moves to cut the compliance burden on the financial planning industry could backfire, creating more questions than answers for advisers....
Financial planning
The financial services industry has been forced to shell out over $200 million to bring its workers up to speed with the educational qualifications required under the Fed...
Editorial
Few financial products have a greater potential to tug at Australians’ emotions than reverse mortgages, according to Kieren Dell, executive director of the Senior Austral...
Financial planning
Financial planners who give advice to clients without taking a fee would be excused from rigorous disclosure requirements, including having to supply statements of advice...
Financial planning
“Broad-brush” critics of the financial planning industry have had their disapproval blunted by a new survey, which found a growing number of consumers believe the quality...
Financial planning
Requests for mercy to the corporate regulator from those who have broken Financial Services Reform laws are on the sharp decline, but the proportion let off the hook by t...
Financial planning
In the first six months of 2005 there has been a 6 per cent increase in the number of financial planners in the industry, according to a new study....
Funds management
The Australian funds management industry is continuing to experience good growth, but fund managers are going to have to do more to win the trust of investors, according ...
Financial planning
There is a degree of confusion by some practitioners in the financial planning and accountancy fields as to the ability of an accountant to give advice to a client of the...
Financial planning
By world standards, ASIC keeps advisers on a very short leash. But across the Tasman, financial intermediaries are subject to fewer restrictions. Late last year, New Zeal...
Financial planning
It’s taken nearly five years, in which time it’s been dwarfed as a financial services issue in Australia by the launch of the Financial Services Reform Act, but a global ...
Financial planning
The recent ruling by the Australian Taxation Office allowing financial planners to give tax advice has blurred the roles of accountants and advisers even further. In the ...
Life/Risk
The corporate regulator has released a consultation paper detailing proposals to allow general insurers to operate without a licence and in a separate initiative, has pro...
Financial planning
The introduction of the Financial Services Reform Act has had a major impact on practice profitability – especially for smaller businesses that do not have the scale to e...
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Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...