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ASIC chairman, Greg Medcraft confirms fintech companies who used the regulator’s Innovation Hub were already in the licensing fast-lane....
INDUSTRY NEWS
ASIC has released licensing exemption for fintech businesses which would allow the firms to test certain services without holding an Australian financial service or credi...
INDUSTRY NEWS
The Government has laid out the initial ground rules for its proposed ASIC product intervention regime but has invited discussion about whether super products should be i...
INDUSTRY NEWS
The Association of Financial Advisers has argued group life should be underwritten at time of applications rather than time of claim....
INDUSTRY NEWS
Spread betting may have the characteristics of a derivative, but the Australian Securities and Investment Commission has taken a punt on spread bets not being financial p...
INDUSTRY NEWS
The Financial Ombudsman Service has urged the extension of the national unfair contract terms to the life insurance industry....
INDUSTRY NEWS
ASIC has called on companies who prepare financial reports to present information in a useful and meaningful way for their users....
INDUSTRY NEWS
The Federal Government is portraying the creation of a mega-ombudsman for the financial services industry as preferable to the lawyer’s picnic which would accompany a Roy...
INDUSTRY NEWS
While the Government and FOS have supported the single ombudsman scheme, the CIO has rejected the recommendation by calling it ‘vexing’....
INDUSTRY NEWS
ASIC has recommended that certain types of advisers should be covered by whistle-blower protections. ...
INDUSTRY NEWS
ClearView Wealth claims the FSC cannot be trusted to deliver on open insurance APLs because it is dominated by large vertically-integrated institutions....
INDUSTRY NEWS
The Government has introduced legislation which will restrict the use of client monies by licensees....
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The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...