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The Australian Prudential Regulation Authority has moved to increase the power of appointed actuaries to scrutinise and give board level advice on life/risk product terms...
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Life insurer, AIA, is helping financial advisers produce fast and accurate client information for administering life policies....
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At least one mortgage broker is confident that, unlike financial planning commissions, ASIC will not use its current review to kick mortgage commissions into touch....
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The current framework does not have the right balance between welcoming overseas capital and ensuring Australia's national interests are protected, AVCAL believes. ...
INDUSTRY NEWS
ASIC has initiated its first ever action relating to alleged breaches of the FOFA best interests duty....
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ASIC has formally canvassed the use of a “regulatory sandbox” approach which would allow fintech companies to test products for six months without an AFSL....
INDUSTRY NEWS
Financial advice software company, Midwinter, has announced the launch of a new online training portal for its users....
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ASIC has banned the former director of Provident Capital from the industry for five years for breaching his duties and failing to comply with the law. ...
INDUSTRY NEWS
The Federal opposition is consulting with stakeholders and experts to ensure Budget proposal changes do not negatively impact people on lower incomes. ...
INDUSTRY NEWS
Despite German wealth managers fearing the loss of their market share to robo-advisers, a collaborative solution is still practicable, Verdict Financial said....
INDUSTRY NEWS
ASIC deputy chairman, Peter Kell, has admitted that prior to issues around CommInsure, it had received few complaints about life insurance claims handling....
INDUSTRY NEWS
ISA has welcomed media reports the Federal Budget could re-target high-end super tax concessions to women and other low income earners even as millions face a $500 tax in...
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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...