COMPLIANCE
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...
Financial planning
Select Asset Management CIO and Trio/Astarra whistle-blower, Dominic McCormick has written a scathing assessment of recent reports around IOOF and criticised the emerging...
Life/Risk
Specialist lawyer, Ian McDermott warns that licensees may be left carrying the can on claw-backs if advisers change dealer groups mid-stream....
Superannuation
The Australian Prudential Regulation Authority has made clear that bank executives will be just as exposed as union officials to the Government’s proposed super fund gove...
Financial planning
With the financial services sector undergoing an unprecedented amount of regulatory change a financial services executive and lawyer has launched a firm to give SMEs lega...
Policy & Regulation
An Auditor-General’s report has revealed that if you’ve received a CGT letter from the ATO, it may well be wide of the market and have missed your share dealings....
Superannuation
The Government has released exposure draft legislation which would impose at least one third independent directors plus an independent chairman on industry fund boards....
Financial planning
IOOF managing director, Chris Kelaher, says it's mischievous to link the allegations against IOOF to planners or financial advice....
Funds management
IOOF has commissioned PWC to undertake an independent review of allegations relating to insider trading, front-running and breach reporting....
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MARKET INSIGHTS
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...