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COMPLIANCE
Funds management
Vanguard Australia has appointed the former NAB head of risk and audit governance as their new head of legal and compliance. ...
Tools & guides
Grant Holley looks at how compliance is not just about obligations but rather ingredients for running a successful business. ...
Funds management
Macquarie Investment Management has been subject to civil penalties in the NSW Supreme Court over its role as responsible entity for the van Eyk Blueprint funds....
Life/Risk
APRA has warned life insurers they are facing an image problem but the regulator’s stress-testing has revealed that premium increases are the industry’s tactic of first r...
Policy & Regulation
A recent WA Supreme Court decision has established a precedent for TPD claimant rights in circumstances of bankruptcy....
Policy & Regulation
The latest Four Corners report detailing problematic TPD claims-handling have served to reinforce the value of good life/risk advisers....
Financial planning
ASIC chairman, Greg Medcraft, has pointed to middle-managers as being more influential in driving financial services cultures....
People & Products
A new managed account business, MA Operator, has launched into the industry this week, which would target financial advisers to manage investments on clients’ behalf....
Financial planning
The Australian Securities and Investments Commission is pondering its position after a decision of the full Federal Court handed it a significant setback....
Financial planning
ASIC has cancelled the AFSL of Sydney-based general product advice provider, Etern Wisdom, for breaching both its obligations and its licence conditions. ...
Financial planning
ASIC has removed additional conditions it imposed on Macquarie Bank’s AFSL after a review by KPMG found no additional breaches to those the bank had already reported. ...
Financial planning
Advisers were spending 30 hours a week on administration but only nine hours meeting clients face-to-face despite a desire to meet clients more....
Superannuation
ASIC has warned 185 SMSF auditors they face deregistration if they don’t lodge their annual statements and pay their outstanding fees....
Policy & Regulation
The Australian Prudential Regulation Authority has moved to increase the power of appointed actuaries to scrutinise and give board level advice on life/risk product terms...
Funds management
ASIC has identified serious non-compliance issues and significant failures in the retail OTC derivatives industry....
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Podcast
The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
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...