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Policy & Regulation
ANZ will pay approximately $13 million in compensation after failing to accurately apply bonus interest to customers’ Progress Saver Accounts for a number of years. ...
Life/Risk
Life/risk advisers urged to get their paperwork in order if they want to ensure grandfathered arrangements under the new Life Insurance Framework....
Superannuation
Labor Senators Sam Dastyari and Chris Ketter have attacked APRA’s Helen Rowell over her speech supporting the Government’s super governance changes....
Superannuation
The Government’s changes to superannuation governance have had sign-off from the majority of the Senate Economics Committee....
Policy & Regulation
ASIC chairman, Greg Medcraft says the regulator supports robo-advice but also acknowledges problems such as meeting best interests duty and compensating for bad advice....
Superannuation
The Federal Treasury has confirmed that proposed new powers for the Australian Prudential Regulation Authority will only impact independent directors, not those appointed...
Superannuation
Industry funds may be resisting superannaution fund governance changes but they believe the boards of ASX-listed companies will benefit from greater diversity....
Life/Risk
New analysis suggests Australian life insurers could face big remediation bills if ASIC were to emulate its UK regulatory counterpart in the life insurance arena....
Financial planning
The financial advice industry is facing systemic issues rather than being plagued by just a few bad apples, says ASIC deputy chairman, Peter Kell....
Financial planning
Consumers go to planners with the belief that they are professionals in the same context as lawyers and accountants, and are surprised when they find otherwise....
Superannuation
The Government’s changes to superannuation fund governance could cost some funds around $100,000 a year for an independent chairman and up to $60,000 a year for independe...
Financial planning
NAB’s remediation scheme must be fair and equitable, if it is to work to restore trust in the financial advice sector, Slater and Gordon believes....
Superannuation
The Federal Government has succeeded in having legislation protecting the tax privacy of Australian private companies pass the Parliament....
Superannuation
The Grattan Institute’s Jim Minifie claims the Government’s changes to superannuation fund governance arrangements will work best if the Government avoids taking sides be...
Superannuation
Greater cooperation urged between super funds and the ATO amid research revealing super guarantee non-compliance as a $2.5 billion problem....
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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...