COMPLIANCE
Financial planning
Much as a judge or magistrate has a duty to stay impartial when hearing matters which come before their courts, so too does a Commonwealth regulator....
Superannuation
The Government is intent on proceeding with changes to superannaution fund governance to bring them into line with publicly-listed companies....
Superannuation
Industry fund chief executive wants banks and AMP to abide by a best interest duty when providing super via employers....
Accounting
The former director of an accountancy firm has been banned by ASIC for being part of a scheme which raised funds from clients for mezzanine finance and mortgage lending....
Financial planning
ASIC has issued a $42,500 penalty on payday lender Abaz Pty Ltd for failing to get the necessary account statements from consumers....
Financial planning
ASIC has cancelled the Australian credit licence of Net Finance (Corp) Pty Ltd and banned its director, Graham Tandy, from the credit industry for 10 years....
Financial planning
ASIC has answered parliamentary questions about superannuation union liaison officers, the type of advice they can provide and whose AFSL they might be working under....
Financial planning
Resigning AWI chairman, Andrew Barnes, flags possibility of company pursuing action to recover van Eyk losses. ...
Superannuation
The Australian Securities and Investments Commission (ASIC) has taken its case against a property company to the Supreme Court, arguing the group is spruiking the use of ...
Accounting
ASIC to focus on accounting treatment and assumptions....
Financial planning
Financial advisers and dealer groups will be able to track and record every client interaction they have, to ensure compliance standards are being met, with the roll-out ...
Financial planning
The Commonwealth bank has extended the customer contact element of its Open Advice Review and confirmed that three of the nation’s most high profile plaintive law firms a...
Awards
A passion for advocacy saw Shannon Durrant take out Money Management and Super Review’s Industry Advocacy Award....
Financial planning
FOS chief obudsman, Shane Tregellis rejects calls for a limit to its monetary jurisdiction and claims those urging a more legalistic approach are ingoring recent changes....
Financial planning
Victims of Financial Fraud group lash Medcraft’s call for tougher penalties, citing regulator’s past failures....
Never miss the latest news and developments in wealth management industry
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...