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Editorial
The idea of a last resort compensation scheme is again being canvassed in Canberra but it is something that should not occur in isolation to fixing the PI insurance regim...
Financial planning
Industry Super Australia has told the Australian Prudential Regulation Authority that retail super funds are disguising investment costs via the use of platforms....
Financial planning
A specialist financial services lawyer has warned that any moves by ASIC to recover the costs of its investigations and prosecutions from those it convicts could end up b...
Superannuation
The Federal Government has firmed on its approach to super fund governance changes amid APRA analysis pointing to serious variability in governance standards from fund to...
Policy & Regulation
The Government has signalled its intention to eject the Fair Work Commission from default fund selection and to limit the industrial muscle of unions on superannuation is...
Superannuation
The Australian Prudential Regulation Authority has pointed to the degree to which super funds are trimming and tightening TPD definitions and reducing automatic acceptanc...
Financial planning
A specialist financial services lawyer has questioned whether planners can be held negligent for not recommending SMSFs to super fund members with high account balances....
Financial planning
The Australian Securities and Investments Commission has stepped back from imposing added disclosure requirements around advice on SMSF set-ups....
Policy & Regulation
ASIC has issued new guidance giving financial services firms greater scope to use digital disclosure....
Financial planning
Industry Super Australia has warned that super fund governance changes carry with them the risk of contagion from importing finance sector norms....
Policy & Regulation
ASIC to have its capabilities reviewed by expert panel....
Superannuation
Superannuation funds have strongly queried whether people who supply super funds should be excluded from being deemed “independent” for three years....
Financial planning
Macquarie has completed its Enforceable Undertaking with ASIC but its compliance bill has quadrupled to $413 million and is forecast to continue rising....
Editorial
Mike Taylor writes that the reporting of breaches needs to be accepted as not only a legal obligation but part and parcel of running a financial services company. ...
Superannuation
Former CommInsure managing director, Peter Beck, has won a 10-year legal battle with the Commonwealth Bank over his multi-million dollar defined benefit pension entitleme...
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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...