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BEST INTERESTS
Life/Risk
Best Interest Duty will require risk advisers to examine every life insurance policy held by a client even if not on their approved product list...
Financial planning
Sentry Financial Services to write to SMSF clients after ASIC surveillance of corporate authorised representative...
Superannuation
Corporate superannuation specialists are urging the Federal Government to make employers using the funds wholesale rather than retail clients, to remove conflicts for adv...
Editorial
An easy line of spin is being peddled on the antecedents and consequences of the Government’s FOFA amendments. But any examination of financial services history shows the...
Policy & Regulation
The AFA has moved to enter the FOFA pause consultations with an analysis designed to counter a “rolling campaign of fiction and misrepresentation”....
Policy & Regulation
Several financial services industry bodies throw support behind FOFA amendments tabled in Parliament yesterday. ...
Policy & Regulation
The FSC has obtained legal advice from a Senior Counsel confirming the Government’s FOFA changes will not undermine client best interest or consumer protections....
Financial planning
Watering down financial advice laws could expose consumers and regulators to another Storm Financial-type crisis, ISA says. ...
Financial planning
Assistant Treasurer says legislation is no guarantee that financial products will not fail. ...
Financial planning
Former High Court judge Sir Anthony Mason dismisses suggestions FOFA changes will compromise best interests. ...
Financial planning
FPA’s Ask an Expert week reveals strong demand for professional advice....
Financial planning
Industry Super Australia worries that changes to FOFA will bring conflicted remuneration back to financial advice....
Financial planning
Former ASIC officer turned consultant calls for standardised, regulated SOA document....
Policy & Regulation
Federal Government set to deliver pre-election promises with raft of proposed FOFA amendments including grandfathering and opt-in changes....
Funds management
Former directors of Prime Trust, including former Federal Minister for Health and Aged Care Dr Michael Wooldridge, breached their duties as company officers, according to...
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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?...