Providing simple financial advice should not need best interest duty as the amount of risk a consumer would take is low and unlikely to be against their interests, accord...

The Australian Labor Party might have wanted to get rid of franking credits at the last Federal Election but it is now being suggested that they should be embedded by sup...

The Australian Securities and Investments Commission has lifted the lid on the underlying methodology of its Life Insurance Framework review. ...

The Australian Securities and Investments Commission has initiated a product intervention order tightening the rules and the leverage around retail contracts for differen...

Not seeking advice, as well as a reliance on historical returns and a lack of diversification are the major investment mistakes made by millionaires, according to a surve...

Pengana’s global small companies fund is underweight for US equities and believes there could be “pretty serious” outperformance in the international space in the near fu...

Financial advisers have been querying whether the Government’s proposed annual superannuation performance test could lead to some MySuper funds to review their investment...

The latest data from the Australian Securities and Investments Commissions’ Financial Adviser Register has shown that the total net loss of adviser roles of 2,433 for the...

Despite the scaled advice focus of the Australian Securities and Investments Commission, most financial advisers believe the real answer to reducing advice costs lays in ...

The Australian Securities and Investments Commission has confirmed it is trying to identify the real cost of providing financial advice at the same time as focusing on ho...

National Australia Bank has increased its provisioning for client remediation for both non-compliant advice and adviser service fees as its sale of MLC Wealth to IOOF rol...

James Shipton has agreed to step aside due to an investigation into exceeding relocation expense limits for himself and deputy chair Daniel Crennan....

The August reporting season was characterised by significant disproportions between the companies that benefitted from lockdowns, which operated across the online retail ...

Higher taxes and more regulation are usually seen as negative by stockmarkets but the US market is pricing in a Democrat win by Joe Biden....

AUSTRAC will cost the bank $415 million and its goodwill and intangibles associated with Westpac Life Insurance Services will cost $568 million....

Too many Australians are relying on the Age Pension for retirement even though it’s only a safety net, according to Wealth Within....

The tax expenses issue which has seen Australian Securities and Investments Commission chairman, James Shipton, stand aside was notified to the Government by the Australi...

Financial advisers believe the industry needs to speak with one voice and over 80% of respondents to a Money Management survey have supported a merger between the Financi...

Ryan Phillips and Lewis Hsu have been appointed to roles in its new Bell Direct Advantage Service for its sophisticated, self-directed, and active investors....

The corporate watchdog’s deputy chair has tendered his resignation to Treasurer Josh Frydenberg with immediate effect....