APRA has admitted it doesn’t monitor the expenses of superannuation fund executives or trustees....

Mike Taylor writes that the board of the Commonwealth Bank must be wondering how it was possible for the controversy around Commonwealth Financial Planning to get worse....

Penalties for financial planners who breach the law are not severe enough, the Australian Securities and Investments Commission believes....

Former MLC chief executive Steve Tucker will head up a new funds management firm, slightly more than a year after his departure from the NAB-owned business. ...

Banks are being warned against high risk lending by the Australian Prudential Regulation Authority (APRA), as house prices continue to grow in many markets across the cou...

The Financial Services Council (FSC) has appointed AMP group executive insurance and superannuation Pauline Blight-Johnston to its board....

An embarrassed ASIC has imposed license conditions on Comm FP and Financial Wisdom as short-comings in compensation arrangements are revealed....

The Institute of Managed Account Providers will be telling planners about their options in a national roadshow starting in June. ...

Former sole director of Sonray Capital Markets, Russell Andrew Johnson, has been sentenced to six-and-a-half years in jail after pleading guilty to seven charges last yea...

Newspaper reports are speculating that the Government will sell off ASIC’s company registry business. ...

Mike Taylor writes that ASIC is right to pursue managers with just as much vigour as it pursues financial planners when things go wrong. ...

Lawyer points to possible action against planners and accountants as Timbercorp class action fails....

Equity Trustees purchase of the trustee division of ANZ Bank to be funded by equity raising....

The founders of Bridges Financial Services are looking to float their managed discretionary account business, managedaccounts.com.au...