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...

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Financial planning

Sentry Financial Services to write to SMSF clients after ASIC surveillance of corporate authorised representative...

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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...

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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...

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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”....

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Policy & Regulation

Several financial services industry bodies throw support behind FOFA amendments tabled in Parliament yesterday. ...

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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....

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Financial planning

Watering down financial advice laws could expose consumers and regulators to another Storm Financial-type crisis, ISA says. ...

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Financial planning

Assistant Treasurer says legislation is no guarantee that financial products will not fail. ...

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Financial planning

Former High Court judge Sir Anthony Mason dismisses suggestions FOFA changes will compromise best interests. ...

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Financial planning

FPA’s Ask an Expert week reveals strong demand for professional advice....

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Financial planning

Industry Super Australia worries that changes to FOFA will bring conflicted remuneration back to financial advice....

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Financial planning

Former ASIC officer turned consultant calls for standardised, regulated SOA document....

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Policy & Regulation

Federal Government set to deliver pre-election promises with raft of proposed FOFA amendments including grandfathering and opt-in changes....

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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

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Never miss the latest news and developments in wealth management industry

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...

1 week 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...

1 week 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 1 day 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 2 weeks ago