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INDUSTRY NEWS
Victims of the collapsed Sterling Income Trust will be unable to access redress through the complaints authority if the proposed compensation scheme of last resort bill i...
INDUSTRY NEWS
The corporate regulator estimates the reduction in its levy for financial advisers decreased its estimated cost recovery scheme by $45 million and noted any criticism of ...
INDUSTRY NEWS
It has asked whether Senator Jane Hume’s and Treasurer Josh Frydenberg’s pre-political careers in the banking industry create a conflict of interest....
INDUSTRY NEWS
The Financial Advisers Standards and Ethics Authority is seeking feedback to better align Standard 3 to its intent in the code of ethics guide. ...
INDUSTRY NEWS
Ultiqa Lifestyle Promotions is being sued by the corporate regulator for providing financial advice that was not in customers best financial interest....
INDUSTRY NEWS
To allow the compensation scheme of last resort to commence as soon as possible, the Government will fund it for the first year with an industry levy to follow....
INDUSTRY NEWS
The bill will allow courts to be empowered to approve or vary the method for distributing claim proceeds to non-members of the scheme....
INDUSTRY NEWS
Many in the Senate chamber have acknowledged big corporations – the big four banks, AMP and insurance companies – have not been held to account by Royal Commission legisl...
INDUSTRY NEWS
The Association Financial Advisers will use the Quality of Advice review to push for tweaks to the single disciplinary body and the mechanism for registration to the Tax ...
INDUSTRY NEWS
The bill passed without amendments and industry leaders expect that planners will now be able to focus on clients without the distraction of constant regulatory change. ...
INDUSTRY NEWS
With the compensation scheme of last resort bill to be debated on soon, 73% of consumers support a compensation scheme for victims of financial misconduct, according to a...
INDUSTRY NEWS
The SMSF Association have given its full support to the Financial Services Council’s ‘White Paper on Financial Advice’, saying it will help to deliver cost savings and pr...
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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...