POLICY & REGULATION

INDUSTRY NEWS

The temporary measures that allowed companies and their officers to only be liable for civil penalty proceedings where they acted with “knowledge, recklessness or neglige...

INDUSTRY NEWS

The Government will seek feedback on when the corporate regulation must convene a Financial Services and Credit Panel and the type of sanctions to include on the financia...

INDUSTRY NEWS

A review from the corporate regulator of the six largest financial services institutions shows they have collectively paid or offered $1.86 billion in compensation for fe...

INDUSTRY NEWS

The Government’s resources would be better put to use exploring the regulatory impact on consumers and funds from continuous tinkering to the system rather than on capita...

INDUSTRY NEWS

A parliamentary inquiry will be looking into the implications of capital concentration and common ownership from banks, superannuation funds, investments funds, and hedge...

INDUSTRY NEWS

Former director of Australasia Wealth Services and Management, James Feng, has been charged with authorising the making of a false or misleading statement to the Australi...

INDUSTRY NEWS

The corporate regulator’s RG 275 will cover all requirements for the implementation the new deferred sales model for add-on insurance, including any exemptions....

INDUSTRY NEWS

Financial advisers need to make sure all their new regulatory requirements are in place by October to avoid any scrutiny from the regulators, even if they aren’t receivin...

INDUSTRY NEWS

Around three-quarters of financial advisers will have to fund the cost of the Compensation Scheme of Last Resort, and the range of products included in the government’s p...

INDUSTRY NEWS

The opposition says capping compensation at $150,000 instead of the $550,000 proposed by the Royal Commission is a mistake....

INDUSTRY NEWS

Unlicensed investment trader Dr Roger Munro has pleaded guilty to three counts of fraud for misusing client funds by pretending to invest in the TradeStation Futures Trad...

INDUSTRY NEWS

The internal dispute resolution reporting documents have been released ahead of the pilot test which will launch later this year....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

4 weeks 1 day ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 4 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks ago