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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....
Funds management
Success does not come easily to boutique fund managers who have to jump several hurdles to find their way onto advisers’ approved product lists. ...
Financial planning
Specialist lawyer urges advice firms to be wary of any moves by ASIC to have licensees trade away the monetary limits applying to EDR schemes such as FOS....
Financial planning
IOOF has sought to defend itself in the face of a class action moves by plaintiff law firm, Maurice Blackburn, claiming the proposed action is misconceived....
Financial planning
Deloitte Australia has today launched a new centre to assist financial services companies manage regulatory challenges across Asia Pacific....
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...