Australia’s two corporate regulators should be held accountable for fostering competition in the financial services space by way of tight legislative mandates....

Consumers are unlikely to understand the term ‘independent advice’ and its use will help in the management of conflicts of interest according to KPMG....

Life insurers should have the same powers as general insurers when it comes to dealing out benefits like riders, according to TAL. ...

The financial services sector needs a new ASIC commissioner specifically to deal with international regulatory issues....

ASIC has recommended that institutionally-aligned advisers be labelled as “restricted advice’ businesses and provide statements about limited product advice....

The former chair of ASIC Tony D’Aloisio will chair listed financial services technology provider IRESS....

Perth-based planning company, Trafalgar Financial, listed by ASIC on ‘abandoned’ companies list....

ASIC wants the power to investigate bank managers if it suspects they are coercing planners into selling risky products, Fairfax Media reports. ...

Centrepoint Alliance has posted an $11 million turn around in after tax profit in the last 12 months driven by good results in its advice and insurance funding businesses...

Mike Taylor writes that the Commonwealth Bank’s results announcement and its continued standing in the eyes of consumers suggests its financial planning woes have represe...

ASIC must do more than simply identify problems when it publishes its forthcoming report on the life/risk industry. It must identify some solutions....

A Victorian property developer who defrauded investors has been sentenced to five years and three months in jail, following an investigation by ASIC....

ASIC plans to have more ‘cops on the beat’ as it targets the financial advice sector....

ASIC’s upcoming report on risk insurance churn is likely to lead to further debate on removing commissions but would overlook the related costs of advice according to Syn...