POLICY & REGULATION

INDUSTRY NEWS

Governor Phil Lowe has admitted that the Reserve Bank of Australia made mistakes in its expectations that interest rates would be lower for longer....

INDUSTRY NEWS

Some 18 funds with $1.4 billion in assets under management have voluntarily amended their marketing materials after a surveillance operation by the regulator....

INDUSTRY NEWS

Organisations have welcomed the introduction of legislation for the Compensation Scheme of Last Resort but raised questions why managed investment schemes were excluded....

INDUSTRY NEWS

The Reserve Bank of Australia (RBA) has lifted interest rates by 0.5 percentage points, taking the cash rate target up to 2.35%....

INDUSTRY NEWS

The Australian Securities & Investments Commission (ASIC) has extended its ban on brokers offering binary options to retail traders until October 2031....

INDUSTRY NEWS

The Australian Securities and Investments Commission (ASIC) has warned brokers to be careful about or reconsider offering high-risk products and services to retail invest...

INDUSTRY NEWS

The Quality of Advice Review's preliminary findings have proposed a number of reforms for the financial advisory space, including a greater focus on providing 'good advic...

INDUSTRY NEWS

The Australian Securities & Investments Commission (ASIC) has released its latest four-year plan outlining its priorities to achieve “a fair, strong and efficient financi...

INDUSTRY NEWS

The Australian Securities and Investments Commission has banned a Perth-based financial services director for six years after the regulator found she demonstrated a lack ...

INDUSTRY NEWS

A Government review will look into streamlining the education requirements for financial advisers, a ministerial announcement reveals....

INDUSTRY NEWS

The Australian Securities and Investments Commission says it will focus on improving the operation of the breach reporting regime as part of its 2022-23 priorities....

INDUSTRY NEWS

A former New South Wales financial adviser has been permanently banned by the regulator for engaging in dishonest conduct....

 

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Never miss the latest news and developments in wealth management industry

Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

1 week 1 day ago
Jason Warlond

Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...

1 week 1 day ago
Jasmin Jakupovic

How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...

1 week 2 days ago

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

9 months 2 weeks 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 ago

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

9 months 2 weeks ago