COMPLIANCE
Financial planning
Esuperfund Pty Ltd has paid $30,600 in penalties after ASIC issued three infringement notices in relation to “false or misleading” online advertising....
Financial planning
Life/risk advisers are bracing themselves for ASIC to issue a tough analysis of churn and lapse rates....
Policy & Regulation
The Federal Government appears to have more clearly defined the boundaries of stakeholder status for ASIC and APRA....
Financial planning
ASIC’s enforcement report for the first six months of this year appears to have skirted the issues that made the biggest headlines....
Policy & Regulation
Macquarie has used its AGM to claim it is on track in meeting the terms of its 2013 Macquarie Private Wealth enforceable undertaking....
Life/Risk
APRA deputy chairman claims insurers ignored the regulator’s warnings and ended up with self-inflicted wounds including premium increases of up to 150 per cent....
Life/Risk
APRA has revealed a number of insuers are in run-off mode because they are no longer viable....
Superannuation
A new ASIC report confirms that super fees are not always what they seem....
Superannuation
The ATO has warned SMSF trustees about inappropriate use of home loan unit trusts and the risks entailed in attending overseas SMSF conferences....
Superannuation
Both ASIC and the ATO have signalled they are scrutinising the legitimacy of SMSF seminars...
Financial planning
ASIC points to so far modest take-up of limited AFSL and the emergence of concerning trends around RG 146 completion and professional indemnity....
Policy & Regulation
Taxation Inspector-General’s report points to tax officers having insufficient ability to link evidence with appropriate penalties....
Financial planning
ASIC has suspended the licence of Finance Technology Securities (FTS) after concerns it was inappropriately recommending double gearing strategies....
Financial planning
A number of CBA planners have declared their anger at comments made by the FPA chairman, Matthew Rowe....
Financial planning
Merrill Lynch Equities (Australia) Limited has paid a penalty of $65,000 to comply with an infringement notice relating to a breach of the Corporations Act 2001. ...
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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...