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The obligations flowing from the FSC’s Life Insurance Code of Conduct may extend beyond its members with the Federal Government signalling it wants the code to carry ASIC...
INDUSTRY NEWS
The Federal Opposition may be painting the Parliamentary Committee inquiry into the banking industry as a damp squib but the Australian Bankers’ Association is accentuati...
INDUSTRY NEWS
ASIC has cancelled three AFSLs and suspended two for failing to lodge financial statements and auditor’s reports since November, 2015....
INDUSTRY NEWS
Revenue and Financial Services Minister, Kelly O’Dwyer has warned that the changes to commission structures under LIF could have been harsher without industry consultatio...
INDUSTRY NEWS
The Government's legislation underpinning the Life Insurance Framework will enter Parliament next week with the Minister for Revenue and Financial Services, Kelly O'Dwyer...
INDUSTRY NEWS
Advisers must collectively embrace legislative and regulatory change to cope with an increasingly complex advice world that is no longer about selling insurance....
INDUSTRY NEWS
ASIC has cancelled Lotus Securities AFSL after it breached several of its key obligations. ...
INDUSTRY NEWS
The Financial Services Council's Director of Policy, Andrew Bragg, will depart the organisation at the end of November....
INDUSTRY NEWS
The ATO has issued an opinion stating that SMSFs investing in a property acquired by a DomaCom sub-fund would not contravene the SIS Act provided SMSFs fulfil some condit...
INDUSTRY NEWS
The Australian Securities and Investments Commission has been playing catch-up on robo-advice and has set the regulatory bar too low, according to Adviser Intelligence's ...
INDUSTRY NEWS
A consortium of IFM Investors and AustralianSuper have submitted a bid to the NSW government to acquire a 50.4 per cent interest in a 99-year lease of Ausgrid. ...
INDUSTRY NEWS
The industry funds have attacked the banks on cross-selling as they seek to deal with a Productivity Commission issues paper canvassing a baseline approach of no defaults...
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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...