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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...
Policy & Regulation
Specialist lawyer calls for scrapping of key financial services laws that are outmoded and product-focused....
Financial planning
Yesterday’s appearance of IOOF chief executive, Chris Kelaher, before a Senate Committee has fuelled calls for a Royal Commission into financial planning....
Financial planning
ASIC has confirmed it has the big institutions still under close scrutiny over their handling of financial market benchmarks such as the Bank Bill Swap Rate....
Accounting
Two of the key accounting bodies, CPA Australia and Chartered Accountants Australia and NZ are fighting it out in the NZ High Court over allegations of professional denig...
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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...