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APRA has finalised updates on the Prudential Standard APS 222 to reduce contagion risk within banking groups....
INDUSTRY NEWS
The proposed new single disciplinary system for financial advisers requires further discussion, according to the Financial Services Council....
INDUSTRY NEWS
The ABA has welcomed the Government’s timetable for legislative change, with eight of the 76 Royal Commission recommendations targeted at the banking industry....
INDUSTRY NEWS
The Australian Securities and Investments Commission has used AMP and its lawyers, Clayton Utz, as examples of successful enforcement action by the regulator....
INDUSTRY NEWS
ASIC has banned Sydney adviser Tarandeep Aujla from providing financial services for three years for failing to act in his clients’ best interest....
INDUSTRY NEWS
Double-counting may have led to the Australian Taxation Office wrongly pursuing superannuation fund members over excess transfer balance caps....
INDUSTRY NEWS
Allianz Australia has been hit by a $250 million additional capital requirement by the Australian Prudential Regulation Authority....
INDUSTRY NEWS
The Australian Prudential Regulation Authority has confirmed that a number of superannuation funds are facing the possibility of legal action as early as next month on th...
INDUSTRY NEWS
The number of complaints received about individual firms should be available to financial services customers, according to the Australian Institute of Superannuation Trus...
INDUSTRY NEWS
The Australian Securities and Investments Commission has reinforced that its responsible lending action against Westpac was a test case....
INDUSTRY NEWS
Unscrupulous employers who use their employees’ salary sacrifice superannuation contribution to reduce their superannuation guarantee obligations should be stopped, accor...
INDUSTRY NEWS
Millinium Capital Managers has made a claim worth $2.4 million against a former adviser of the Millinium Alternative Fund for misconduct. ...
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So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...