POLICY & REGULATION

INDUSTRY NEWS

ASIC has increased the number of staff dedicated to cryptocurrency, despite it being unregulated, as high-profile collapses like FTX highlight the dangers of the asset cl...

INDUSTRY NEWS

Minister for financial services, Stephen Jones, has welcomed new regulation to support access to justice for class action plaintiffs including those affected by managed i...

INDUSTRY NEWS

A sustainability executive has highlighted what a lack of transparency on ESG metrics in fund holdings data means for advisers and investors. ...

INDUSTRY NEWS

The Government has released draft legislation implementing two recommendations made by the Australian Law Reform Commission relating to improving financial services legis...

INDUSTRY NEWS

Business groups have welcomed the Government’s commitment to a Sustainable Finance Agenda and a consultation on a mandatory climate-related financial disclosure....

INDUSTRY NEWS

ASIC has commenced Federal Court proceedings against OnePath Life for allegedly failing to act with utmost good faith during claims handling, the first time it has sought...

INDUSTRY NEWS

ASIC has changed the status of the AFS licence for two financial services groups, one of which had its director banned in October over his refusal to pay AFCA determinati...

INDUSTRY NEWS

The Federal Court has dismissed proceedings brought by ASIC against CBA regarding $55 million in fees being charged to almost one million customers....

INDUSTRY NEWS

Climate change is likely to become a larger part of financial regulation with APRA seeking multiple analysts for a climate risk team. ...

INDUSTRY NEWS

ASIC senior executive leader, Leah Sciacca, has reiterated the corporate regulator “encourages tech and innovation” in the financial services industry. ...

INDUSTRY NEWS

With two days left to submit responses to the ALRC Review, the Corporations Act has been likened to a “disordered share house” that requires re-design and a deep clean. ...

INDUSTRY NEWS

The Treasury is seeking feedback from the public on regulatory frameworks for buy now, pay later arrangements. ...

 

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Never miss the latest news and developments in wealth management industry

Big Feller

This can't be a surprising development. I'm sure every Financial Planner in Australia has had an experience of being sc...

16 hours ago
One foot out the door

Just 15 per cent of advisers said they may exit the industry over the next few years, Thats about 2,300 advisers! if ...

20 hours 55 minutes ago
Craig Offenhauser

I think Mr. Toohey's conclusions and extrapolations are "currently" merging on the typical SMSF issue of "....prone to ...

3 days 15 hours ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

10 months ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months 2 weeks ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

10 months ago