Mike Taylor reflects that 2015 was a year of policy challenges for the financial services industry, many of which will continue into 2016....
Australian Capital Markets' parent company, Formax International, gets rap over knuckles from ASIC over misleading interpretation of ACM AFSL suspension....
The ATO is reviewing private company partnerships that enable individuals to access business profits without paying ‘top-up’ income tax at their marginal rates of tax....
ANZ will pay approximately $13 million in compensation after failing to accurately apply bonus interest to customers’ Progress Saver Accounts for a number of years. ...
Assistant Treasurer, Kelly O’Dwyer says it is wrong to suggest Australians can use the current super regime to amass multi-billion dollar balances....
GE Money has changed its promotion of personal loans and debt consolidation loans after ASIC found it to be potentially misleading....
ASIC chairman, Greg Medcraft says the regulator supports robo-advice but also acknowledges problems such as meeting best interests duty and compensating for bad advice....
Negative gearing and the cost of super tax concessions have been unfairly cast as villains in the tax debate, according to Deloitte. ...
Following concerns from ASIC, NAB has removed two entities and representations of face-to-face contact, legal action, and bankruptcy in its debt collection letters....
The Government will consider further extending the existing FOFA provisions if reforms are not found to better align firm and consumer interests by 2018....
The Government’s response to the FSI to lift professionalism in financial advice and planning through education has been welcomed by industry bodies...
The Government’s FSI response has delivered on higher educational standards for planners together with enshrinement of the term “financial planner/adviser”....
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...