ASIC
Financial planning
Major banks paid or offered customers $215.9 million of an estimated $219.5 million in refunds and interests for failing to provide advice....
Life/Risk
The Australian Securities and Investments Commission appears to have been successful in persuading a key Parliamentary Committee of its view on life/risk advice and lapse...
Tech
The Australian Securities and Investments Commission has released a review of its regulatory sandbox, which plans to retain waivers for licencing for fintech businesses....
Financial planning
The Financial Planning Association has harshly criticised proposals to increase compliance penalties against financial planners to double those imposed against people fou...
Policy & Regulation
ASIC has confirmed around 20 per cent of superannuation fund receive ‘rebates’ from insurers with a similar number accepting corporate hospitality....
Policy & Regulation
The Australian Securities and Investments Commission has confirmed to a Parliamentary Committee it is no longer talking about churn but, rather, lapses and the appropriat...
Policy & Regulation
The Australian Financial Complaints Authority will come into being next year following the passage of the necessary legislation through the Senate with minor amendments....
Financial planning
The Australian Securities and Investments Commission has warned it will take action if platform providers break the rules and understate cumulative fees....
Policy & Regulation
The Australian Securities and Investments Commission has sent a clear message to Managed Discretionary Account operators that it sees personal advice as a key protection ...
Life/Risk
The Australian Securities and Investments Commission has made a strong pitch for further law reform to allow it greater scope to handle claims in the life/risk arena....
Financial planning
Approved Product Lists help make advisers more efficient and keep the cost of delivering advice under control, according to the Financial Services Council....
Superannuation
The Australian Securities and Investments Commission has revealed it is focusing on super funds which provide employers with inducements such as free tickets to sporting ...
Financial planning
ASIC has banned Victorian financial adviser, Julie Hamilton from providing financial services for three years....
Financial planning
ASIC has published a report with its approach and assessment of licence applications and professional registrations for the period July, 2016 to June, 2017....
Superannuation
The Australian Securities and Investments Commission has confirmed that a number of industry funds have developed offerings that make them look a lot like platforms....
Never miss the latest news and developments in wealth management industry
MARKET INSIGHTS
Podcast
The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...