BANKING ROYAL COMMISSION

Superannuation

For all the fuss about scale in the super industry, new data has shown that members in some of the top funds’ MySuper options saw limited differences in returns regardles...

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Policy & Regulation

Consumer group Choice wants the Federal Government to fund a Royal Commission rectification taskforce and, furthermore, it wants recognition as a key stakeholder in imple...

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Policy & Regulation

The banks should offer customers independent advice on remediation or risk both a “relentless flow” of class actions and a widening trust deficit....

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Policy & Regulation

Mortgage Choice has taken its predicted profit hit amid the slowing property market and the uncertainties created by the Royal Commission....

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Financial planning

Following the FASEA Code of Ethics could prevent misconduct of the type uncovered by the Banking Royal Commission even though they aren’t subject to legal penalties, acco...

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Policy & Regulation

The Australian Securities and Investments Commission has been handed tougher penalties with which to pursue people referred to it by the Royal Commission....

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Financial planning

The advice industry can rally from the Royal Commission’s fall-out by uniting around positive stories, according to a Dow Jones executive who saw the US industry undergo ...

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Policy & Regulation

The Australian Prudential Regulation Authority believes the Royal Commission placed responsibility for misconduct on the major financial institutions and those who ran th...

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Financial planning

The Federal Government has committed to a timetable to ending grandfathering and to entertaining life/risk commissions being further reduced....

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Financial planning

The question at the forefront of many minds in the financial planning industry is whether any individual executives will face prosecution as a result of key decisions on ...

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Financial planning

Both the Royal Commission final report and FASEA’s reforms could intensify changes already underway to how financial planning businesses are bought and sold....

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Policy & Regulation

The Federal Treasurer, Josh Frydenberg has sent a clear signal to the financial services regulators that he supports the view that they don’t need more powers and should ...

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Policy & Regulation

New research from Sunsuper has revealed the degree to which the Royal Commission into Banking, Superannuation and Financial Services has hit employment in financial servi...

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Life/Risk

New data has revealed just how significantly the cessation of direct life/risk sales has hit life insurers’ bottom lines and how much more reliant they have become on adv...

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Financial planning

AMP Limited’s new chief executive, Francesco De Ferrari has cited reviewing the firm’s business model as his first priority....

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Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

6 days 5 hours ago
Jason Warlond

Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...

6 days 5 hours ago
Jasmin Jakupovic

How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...

1 week ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 1 week ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 1 week ago