COMPLIANCE
Policy & Regulation
Accountants who manage discretionary trusts for clients may be investigated by the Australian Taxation Office (ATO)....
Financial planning
Planners and dealer groups warned on potential costs embedded in Privacy Act changes for client data breaches....
Superannuation
Financial planners are already subject to the best interests duty, so any additional requirements with respect to SMSF advice would be redundant, according to the FSC....
Financial planning
ASIC chairman Greg Medcraft expresses concern at the time it takes to get matters before the courts....
Funds management
ASIC chairman Greg Medcraft says pursuing compensation similar to Storm might better be left to the “class action industry”....
Funds management
The fall-out from Trio/Astara and Opes Prime sees ASIC move to upgrade its approach to MIS custody....
Financial planning
Amid the implementation Future of Financial Advice (FOFA) requirements, Infocus chief executive Rod Bristow said a many Infocus offices have seen an increase in new busin...
Financial planning
A ‘discipline and punish’ style approach to compliance from auditors does little to stop licensees from repeating the same shortcuts and mistakes, a financial adviser bel...
Superannuation
Warning self-managed super funds (SMSFs) that they are not entitled to compensation is too “simplistic” and needs to factor in all financial assistance available....
Superannuation
Super IP-owned Class Super has unveiled its SuperStream-ready self-managed super fund (SMSF) software....
Financial planning
Former AFS adviser Gabriel Nakhl has been permanently banned from providing financial advice after entering into an enforceable undertaking....
Financial planning
Lawyer advises licensees to get ready to change their dispute resolution systems, with ASIC now requiring them to act quicker....
Life/Risk
Asteron Life has launched a new remuneration structure for advisers, which will see them receive 10 per cent extra commission in year one....
Superannuation
Complex rules around consolidation and excessive paperwork are immobilising superannuation fund members, a survey has revealed. ...
Funds management
ASIC confirms new MDA guidelines likely in 2014....
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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...