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Policy & Regulation
In the midst of a Productivity Commission inquiry into competition in financial services, the Government has proposed measures to make the Australian Securities and Inves...
Life/Risk
A key Parliamentary Committee has urged strong scrutiny of past and present insurance Approved Product Lists and move to fully open APLs....
Policy & Regulation
The Federal Government has reminded the major banks the ACCC will be watching how they handle implementation of the major bank levy....
Superannuation
The Australian Competition and Consumer Commission has declared that capping commissions helps insurers more than anyone else and may lead to collusion....
Superannuation
Mercer has emerged as the buyer of the NSW Government-owned Pillar Administration. ...
Financial planning
A group of risk advisers have labelled FSC’s positioning on LIF as cartel behaviour, and said the industry should have gone to the ACCC with its life insurance propositio...
Life/Risk
Fund manager, Placer Property, is seeking $26.5 million in equity from SMSFs and individual investors for its NewActon East Property Fund....
Editorial
Andy Schmulow argues that the controvesy surrounding ASIC and its handling of the Commonwealth Bank have seriously damaged the financial planning industry and left few pe...
Life/Risk
The WFI and Lumley Insurance brands will formally shift to the Insurance Australia Group (IAG) after the latter received regulatory approval for the purchase of those bus...
Financial planning
The Australian Securities and Investments Commission (ASIC) has been told by the Government to “adjust its priorities” to achieve savings of $120.1 million over five year...
Life/Risk
IAG’s acquisition of Westfarmer’s NZ underwriting operations has gained trans-Tasman competition sign-off....
Financial planning
An enforceable undertaking is one of the major challenges that can confront a financial services business, writes Grant Holley, but it need not be a nightmare and can be ...
Funds management
Dealer group head questions whether bank cross-subsidisation of dealer group services represents anti-competitive behaviour....
Editorial
In a bidding war that has lasted much of the year, The Trust Company board recently advised its shareholders to reject the latest takeover proposal by Equity Trustees in ...
Financial planning
Sam Hills outlines what should be on a financial planner’s regulatory radar – and it’s not just the usual suspects....
MARKET INSIGHTS
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Podcast
My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...
Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...
How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...