GOVERNMENT AND REGULATION

Financial planning

ASIC has rebuffed suggestions HFT is a problem and stated a ‘lack of hysteria’ should not be mistaken for complacency....

Superannuation

Government should open tender process for small pool of default funds, says Grattan Institute....

Financial planning

Govts of both persuasions told to stop legislating by press release in circumstances where considerable costs and inconvenience are being imposed on employers, advisers a...

Superannuation

Constant debates on super regulation is deterring young people from superannuation, and they are instead investing in assets over which they have more control and certain...

Financial planning

ASIC should be given powers to pursue compensation including the first right to sue ahead of investors involved in class actions....

Superannuation

Flow-on effects of lifting the pension age to 70 could see older Australians grow reliant on other social security benefits, says SPAA....

Superannuation

The Tax Commissioner, Chris Jordan, has signalled an end to prolonged disputation and audits....

Financial planning

Wealth Within has sought to defend its reputation in the face of fines imposed by the corporate regulator for misleading advertising....

Financial planning

Newspaper reports are speculating that the Government will sell off ASIC’s company registry business. ...

Policy & Regulation

FOFA should be given time to settle before further changes, according to Minter Ellison....

Financial planning

ASIC tells a Senate Committee that while Commonwealth Financial Planning has lived up to its enforceable undertaking requirements, further work is required on its breach ...

Financial planning

ASIC claims it is constrained by limited resources and a priority to protect consumer investors after claims it has overlooked the actions of commercial lenders...

Policy & Regulation

The Senate Committee reviewing ASIC’s performance is likely to make recommendations based on how past failures were owed to a lack of intelligence and necessary skills....

Policy & Regulation

Scaled and scoped advice has received undue focus under the Future of Financial Advice (FOFA) legislation, and is a sign of increasing levels of paternalism in legislatio...

Financial planning

Australia’s financial regulators have joined forces to back central clearing on dealer-traded derivatives....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

3 weeks 6 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 3 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

2 weeks 5 days ago