COMPLIANCE

Superannuation

ASIC has confirmed it will be shadow shopping advisers who recently provided advice on SMSFs as it focuses on areas of potential risk of poor advice....

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Superannuation

ASIC deputy chairman, Peter Kell has warned accountants the regulator will be visiting their firms to ensure they are operating within the new licensing regime....

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Policy & Regulation

The Federal Treasurer claims the major beneficiary of a Royal Commission into the banking and financial services industry would be Federal Opposition leader, Bill Shorten...

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Superannuation

The superannuation industry is failing to communicate its positive contributions to members as segments are mud-slinging each other, according to APRA....

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Policy & Regulation

The Parliamentary Committee review into the life insurance industry has received new calls to demand appropriate data properly defining what is and is not ‘churn’....

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News

Churn may well be occurring in the client’s best interests, according to the Australian Securities and Investments Commission....

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Policy & Regulation

Revenue and Finanical Services minister, Kelly O’Dwyer is expected to receive an interim report around superannuation guarantee non-compliance within days....

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Policy & Regulation

The Australian Taxation Office has challenged the reliability of Industry Super Australia research on SG underpayments telling a Parliamentary committee the problem has b...

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Policy & Regulation

The Government has signalled another crackdown on the black economy via a Black Economy Taskforce....

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Policy & Regulation

ASIC deputy chairman, Peter Kell says the big question confronting banks is whether client best interests can be met within a vertically-integrated model....

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Policy & Regulation

ASIC chairman, Greg Medcraft confirms fintech companies who used the regulator’s Innovation Hub were already in the licensing fast-lane....

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Accounting

The ATO should compensate accountants for their lost time and productivity due to the continuing technology issues with the ATO portal, according to the Institute of Publ...

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Policy & Regulation

The Financial Ombudsman Service has urged the extension of the national unfair contract terms to the life insurance industry....

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News

ASIC surveillance results in seven-year ban for former Synchron Business Services adviser....

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Financial planning

Brisbane financial planning firm, Carwardine Financial Services, has agreed to undergo an independent external review of its compliance following ASIC surveillance....

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Never miss the latest news and developments in wealth management industry

Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

1 week ago
Jason Warlond

Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...

1 week ago
Jasmin Jakupovic

How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...

1 week 1 day ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 1 week ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 2 weeks ago