regulation

Policy & Regulation

ASIC wants product intervention power with teeth

The Australian Securities and Investments Commission wants its new product intervention power to have enough teeth to preclude participants in the financial services food...

Superannuation

APRA challenges union/employer board nominations

The Australian Prudential Regulation Authority has directly challenged the unquestioned appointment of union and employer nominees to superannuation fund boards....

Policy & Regulation

Show us the regulatory proof of Report 413

On the third anniversary of ASIC Report 413 which gave rise to the Life Insurance Framework there are calls for regulatory proof that it was warranted....

Policy & Regulation

SMSF Association warns Govt on AFCA costs

The SMSF Association has echoed the Association of Financial Advisers in warning the Government about the increased costs being imposed on planners via the establishment ...

Policy & Regulation

Govt warned: You’re making advice unaffordable

The Association of Financial Advisers has warned the Government its EDR and regulator funding measures risk making financial advice unaffordable and forcing the exit of s...

Policy & Regulation

Labor vetoes Govt’s rumoured ASIC appointee

The Federal Opposition has said it will veto the appointment of former banker, John O’Sullivan, if he is nominated as the new chairman of the Australian Securities and In...

Policy & Regulation

APRA contemplates applying BEAR elsewhere

The Australian Prudential Regulation Authority chairman, Wayne Byres has signalled the regulator is considering where else in the financial services industry the Bank Exe...

Financial planning

Govt panel backs tougher ASIC banning powers

A Government-appointed panel has backed giving the Australian Securities and Investments Commission greater powers to ban miscreant financial services executives, but no...

Superannuation

ASIC outlines changes from under-reporting of super and fund fees

ASIC has outlined new requirements for the disclosure of fees and charges superannuation and managed investment funds....

Policy & Regulation

The banks are circumventing FOFA says ISA

The major banks are looking to find ways around the Future of Financial Advice changes, according to Industry Super Australia....

Superannuation

Industry Super claims bank rort on ATO super changes

Industry Super Australia is claiming the interests of the big banks have been put ahead of those of consumers under the ATO’s proposed approach to employee selection of s...

Features

Lessons learned from Report 515

Laura Sullivan and Grant Holley compile seven lessons that will ensure financial firms comply with financial services laws....

Editorial

The regulators are stirring

The superannuation sector may be facing further consolidation in the wake of the further empowering of the Australian Prudential Regulation Authority, Adam Gee writes....

Financial planning

ASIC puts platforms on fee transparency notice

The Australian Securities and Investments Commission has placed the platform industry on notice around the new standards of fee transparency it will be enforcing....

Policy & Regulation

Alleged life/risk churn still on ASIC’s agenda

The Australian Securities and Investments Commission has nominated life/risk churn as an area still high on its agenda and deserving of new expenditure....