Civil penalties totalled $159.8 million during the second half of 2020 for the corporate regulator including seven Royal Commission investigations that totalled $77.65 mi...

Proceedings have commenced against Lightspeed Finance and its director, Mark Fitzpatrick, over failure to comply with Australian Financial Complaints Authority determinat...

Those investors who have only invested in the stockmarket in the past year are likely to be challenged in the next few weeks as the market undergoes a pullback, according...

While small caps are leading markets globally, there has been a reversal in Australia where small caps underperformed large caps in the first quarter....

Advice fees levied by superannuation funds are relatively insignificant when compared to administration and investment fees....

A new Financial Services Council green paper has suggested that a moral risk will emerge if self-licensed advisers are allowed to proliferate in the absence of dealer gro...

Centuria Capital Group is to merge with Primewest, creating a real estate fund manager with combined $15.5 billion in assets under management. ...

Lesley Mamelok has been appointed general manager, finance and deputy chief financial officer, while Robert Baillie has been appointed general manager, capital management...

The Government’s draft legislation for a single disciplinary body has proposed that the Financial Services and Credit Panel will have an expanded role to allow it to canc...

The Financial Services Council wants simpler Letters of Advice to replace “over-regulated” Statements of Advice. ...

The Federal Court says James Mawhinney, or entities controlled by him, has a high likelihood to engage in similar conduct if not prevented by the court from doing so, fol...

Despite Australian small caps underperforming large ones in the first quarter of 2021, there are still five funds that returned over 100% over the past year. ...

There has been a “significant escalation” in the use of illiquid assets, according to BT, despite liquidity being “more important than ever” since the market dislocations...

Jeff Hall has left his position as chief operating officer of Midwinter....

The Financial Adviser Standards and Ethics Authority will cease to exist under legislation from 1 January, next year, but its actions, including the code of ethics, will ...

The proposal to have financial advisers registered under the new disciplinary regime will seek a fee and the registration will need to be renewed annually. ...

The Federal Government faces strong lobbying from financial planning organisations to ensure that the new single disciplinary body does not become yet another impost on a...

The equity release provider will waive upfront fees for all new customers who enquire before 30 June, 2021....

New data released by the Australian Prudential Regulation Authority has confirmed the value delivered by life/risk advisers while pointing to the continuing problematic n...

Andrew Hills has been banned by the corporate regulator for allowing misleading and inaccurate letters about MySuper opt-outs to Aon Master Trust members....