BEST INTERESTS

Life/Risk

Superannuation funds negotiating new group insurance arrangements will have to prove and certify that they are in the best interests of members....

Financial planning

A month after being subject to Federal Court proceedings launched by the corporate regulator, the financial services group has announced it would re-brand to E&P Financia...

Superannuation

Superannuation funds have been identified as having fallen short in the manner in which they communicated the implications of the Government’s Protecting Your Superannuat...

Policy & Regulation

ASIC has initiated its first ever action relating to alleged breaches of the FOFA best interests duty....

Financial planning

After withdrawing over $113,000 from ATMs under eight false credit cards Westpac home finance manager Ravinesh Singh was banned from ever providing financial services by ...

Financial planning

New analysis points to planning firms having no escape from an increasing compliance burden....

Financial planning

Financial advisers’ fee structures abet “closet indexing” by fund managers, creating a clear conflict of interest between planners’ earnings and their clients’ best inter...

Financial planning

FPA chief executive Mark Rantall has asked members to imagine a profession that is highly regarded and urged them to get behind recommended changes to higher education an...

Financial planning

Former Health Minister, Dr Michael Wooldridge, is one of five former directors of Australian Property Custodian Holdings Limited (APCH) who have been penalised by the Fed...

Policy & Regulation

Clive Palmer believes Future of Financial Advice (FOFA) laws have overlooked superannuation funds, expressing fears that the protection of industry super fund members cou...

Financial planning

The major financial planning groups and companies are continuing to lobby for FOFA changes, but planners are being urged to accept the law as it currently stands....

Life/Risk

Risk commissions may be a mis-match for best interests duties, with the current product-driven framework incentivising insurance options that could distract advisers from...

Financial planning

Industry public offer fund Sunsuper and the Financial Planning Association (FPA) have announced they have agreed to a national referral program....

Financial planning

It's been an issue that's ruffled feathers across the industry, but is scaled advice finally gaining traction in the planning world? Kate Cowling investigates. ...

Financial planning

As risk planning remains a hot topic in the financial advice space, Malavika Santhebennur explores the top 10 legal quandaries planners can find themselves in and how to ...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 2 weeks ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

4 days 20 hours ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

2 weeks 5 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

4 weeks 1 day ago