FINANCIAL SERVICES SECTOR

Financial planning

Industry infighting has damaged the reputation of financial advice and made it appear the financial services sector is blame shifting instead of placing consumer interest...

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Life/Risk

AFA and FSC form working body while FPA calls for insurance providers to review their offerings...

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Financial planning

MFAA claims mortgage brokers have not been through any major scandals as a result of lower levels of risk and the application of higher professional standards...

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Policy & Regulation

AMP chief exeuctive, Craig Meller says financial services reform has cost his company hundreds of millions of dollars and should be given time to work....

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Policy & Regulation

Increased Government regulation of the financial services sector will not improve the public’s view of the industry, the Minister for Finance and acting Deputy Treasurer,...

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Financial planning

The corporate regulator states a co-regulatory model could work for financial advisers but says it is cost-effective and ethically practical to only work with one profess...

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Financial planning

The financial services sector still lacks regulation that requires advisers to identify when they are providing independent advice and when they are selling products, a l...

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Financial planning

Current regulatory mechanisms are too process-driven to facilitate innovative business models in the financial services sector, The Fold said....

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Financial planning

ASIC has flagged a crack-down on breach reporting with particular emphasis on high risk licensees with poor cultures....

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Financial planning

ASIC has stressed the need for AFS licensees to submit written breach reports to it within 10 business days of finding a breach or likely breach....

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Financial planning

The Federal Government should audit of the reviews within financial services to ensure the FSI is not lost within other overlapping inquiries and reviews. ...

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Superannuation

A simple approach will form the backbone of groceries giant, Coles’ push into the financial services sector....

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Financial planning

Herbert Smith Freehills says the financial services sector needs new regulation that will put a spotlight on “product rationalisation”....

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Financial planning

ASIC has requested members of the financial services sector to report suspected breaches and inappropriate behaviour....

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Financial planning

The financial services sector needs a new ASIC commissioner specifically to deal with international regulatory issues....

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Never miss the latest news and developments in wealth management industry

Ralph

How did the licensee not check this - they should be held to task over it. Obviously they are not making sure their sta...

10 hours ago
JOHN GILLIES

Faking exams and falsifying results..... Too stupid to comment on JG...

10 hours ago
PETER JOHNSTON- AIOFP

Must agree to disagree with you on this one Keith, with the Banks/Institutions largely out of advice now is the time to ...

11 hours ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 2 weeks ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months 1 week ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 3 weeks ago