ASIC

Policy & Regulation

ASIC examining wholesale/retail client definitions

The Australian Securities and Investments Commission is looking at whether clients are being accurately designated as wholesale or retail investors....

Policy & Regulation

Limitations on proposed regulator oversight authority not effective

To be effective, the Financial Regulator Oversight Authority needs to be allowed to assess particular actions, or group of actions, to properly assess the two financial r...

Policy & Regulation

ASIC unveils regime for foreign financial services providers

The Australian Securities and Investment Commission has released its new regulatory framework for foreign financial services providers who are providing services to Austr...

Financial planning

Super funds back MySuper deductibility of advice fees

The Federal Government is being confronted by an increasingly united front on the need to retain the deductibility of advice fees from MySuper products....

Superannuation

Advice fee bill will incentivise super switching

The proposed legislation could motivate advisers to enter into ongoing fee arrangements with superannuation members, according to a super body. ...

Financial planning

How many banned advisers have moved into advice management?

The Financial Planning Association wants managers of advice licensees subjected to the same reference-checking protocols as advisers in circumstances where it says it has...

Financial planning

Future of group purchasing bodies unclear

Firms looking to structure its group purchasing arrangements should look to alternatives as the group purchasing body relief might be replaced soon....

Policy & Regulation

Licensees earn their stamping fees and should keep them

Licensees work hard for the stamping fees they are paid and should be entitled to keep them, according to Investment Collective managing director, David French....

Editorial

Hayne erred on intrafund and MySuper

The Government needs to accept that the Royal Commission did not get everything right and that it needs to put aside its politically expedient rubber-stamp where advice w...

Expert Analysis

The national opportunity that is financial planning

The financial planning profession is on the cusp of a major growth trajectory as planners and professional associations unite to secure its future, writes Dante De Gori....

Expert Analysis

Design and Distribution Obligations – Putting the Consumer First

The implementation of design and distribution obligations to the Australian financial services industry will bring with it a range of new challenges but, as Mikkel Bates ...

Financial planning

Planner group accuses ASIC of outdated view on conflicts of interest

Planner group, the Profession of Independent Financial Advisers wants a clearer banning of asset-based fees and an updating of Australian Securities and Investment Commis...

Policy & Regulation

No loopholes, no carve-outs insist coalition of consumer groups

A coalition of consumer groups has pointed to key changes to advice and life insurance resulting from the Royal Commission and insisted on no loopholes and no carve-outs....

Financial planning

How the cost of an SOA rose 10% inside 12 months

Financial Planning Association chief executive, Dante De Gori has pointed to the impacts of increasing regulatory oversight with the cost of generating a statement of adv...

Policy & Regulation

Don’t rely on our audit inspection reports says ASIC

The audit industry has been delivered a reasonably favourable assessment by a key Parliamentary Committee because the Australian Securities and Investments Commission sai...