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BANKING ROYAL COMMISSION
Financial planning
ASIC will take a reasonable approach in the early stages of the reforms arising from the Royal Commission provided industry participants are using their best efforts to c...
Financial planning
The Commonwealth Director of Public Prosecutions has determined that no charges should be brought to AMP Financial Planning for its conduct into the alleged fees-for-no-s...
Financial planning
Questioning by a Liberal Senator has seen the Australian Securities and Investments Commission confirm that Royal Commissioner, Kenneth Hayne, got it wrong on intra-fund ...
Funds management
The group reported a reduced profit for the first time in eight years and cites cautious investors, the Royal Commission, and reduced fees as reasons....
Financial planning
The advice network has said the grandfathered commissions are a legitimate form of income and the ban would increase the cost of advice....
Features
As advisers battle with the effects of the Banking Royal Commission, education reforms, the banks exiting wealth, and changes to business structures, Hannah Wootton finds...
Life/Risk
Freedom Insurance Group has announced a belated $33.4 million loss to the Australian Securities Exchange while confirming the exit of its chief executive and the involvem...
Financial planning
The Association of Financial Advisers has told the Tax Practitioners Board that its proposal to impose the need for a Letter of Engagement on financial (tax) advisers is ...
Funds management
The impending Royal Commission changes are impacting not just financial firms but individual funds as WaveStone Capital said its holding in Link Administration detracted ...
Superannuation
The Australian Taxation Office has warned compensation payments from superannuation funds in the fallout of the Banking Royal Commission could have both tax and super imp...
Superannuation
The Australian Prudential Regulation Authority’s decision to impose new licensing conditions on AMP’s superannuation businesses could not have come at a worse time, with ...
Financial planning
More work needs to be done on commission-based adviser remuneration in Australia because the research signals are mixed, according to wealthdigital’s Rod Lavery....
Features
As the Australian Securities and Investments Commission shifts to a ‘why not litigate’ approach to pursuing breaches of financial services and corporate law, Hannah Woott...
Editorial
The Australian Securities and Investments Commission has done much post-Royal Commission chest-beating about pursuing litigation but it needs to translate that tough talk...
Financial planning
Industry superannuation funds are winning more corporate superannuation mandates and therefore making the choices about who provides financial advice....
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MARKET INSIGHTS
Podcast
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...
So we are now underwriting criminal scams?...