ROYAL COMMISSION

Financial planning

The future of the Financial Adviser Standards and Ethics Authority is expected to be made clear in next May’s Federal Budget but, in the meantime, its funding and staffin...

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Financial planning

The Australian Council of Trade Unions has condemned the Government’s proposed changes to self-managed superannuation funds structures as an estate planning vehicle and c...

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Financial planning

NSW Liberal Senator, Andrew Bragg, has stated his belief the financial services industry had too much influence over Liberal Party policy and that the Coalition was wrong...

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Policy & Regulation

The Government has handed the Australian Law Reform Commission the terms of reference which will underpin a major review and possible rewrite of Australia’s financial ser...

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Life/Risk

The Australian Securities and Investments Commission has kicked off the first phase of its review of the Life Insurance Framework with the issuing of Section 33 notices t...

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Expert Analysis

Labor Senator Deborah O’Neill cautions AMP Limited against its treatment of financial advisers with respect to their buyer of last resort arrangements, arguing that such ...

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Financial planning

IOOF’s acquisition of MLC Wealth has confirmed the multi-billion dollar exit of the major banks from wealth management in Australia at the same time as handing the firm s...

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Financial planning

Major superannuation group, the Association of Superannuation Funds of Australia has backed the increased use of advisers in helping people not only deal with retirement ...

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Financial planning

Former adviser and Royal Commission witness Sam Henderson has pleaded guilty to a ‘rolled up’ charge of dishonest conduct regarding his qualifications....

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Superannuation

The Australian Securities and Investments Commission has reported it simply became too busy to develop a report around superannuation funds seeking to induce employers to...

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Financial planning

Breaches of the Future of Financial Advice rules will sit at the centre of class actions being formulated against the Commonwealth Bank, AMP and Westpac and a number of t...

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Features

Mike Taylor writes that less than 12 months out from the Australian Securities and Investments Commission’s review of the Life Insurance Framework, the Australian life in...

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Financial planning

With a mutual history within Credit Suisse, the exit of Alex Wade has seen AMP chief executive, Francesco De Ferrari lose one of his own....

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Policy & Regulation

The Australian Securities and Investments Commission has confirmed that AMP Limited is facing multiple legal/regulatory issues – citing between “5 and 50”....

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Policy & Regulation

IOOF has confirmed the final settlement of a class action brought against it related to a failed prosecution by the Australian Prudential Regulation Authority with no cos...

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Never miss the latest news and developments in wealth management industry

Graeme

FWIW I am a long term holder of both. I am relaxed about my LICs trading at a discount. Part of a cycle. I would like...

8 hours 37 minutes ago
Ross Smith

The term "The democratisation of private assets continues to gain steam" is marketing misleading. There is no democracy...

10 hours 21 minutes ago
Greg

I have passed this exam, and it is not easy or fair exam. It's no wonder that advisers are falsifying their results. ...

3 days 10 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 3 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