CONSUMER PROTECTION
Financial planning
The financial services ombudsman has secured $1 billion in compensation and refunds for consumers since 2018 and is on track to receive close to 100,000 complaints this f...
Superannuation
The proposed legislation could motivate advisers to enter into ongoing fee arrangements with superannuation members, according to a super body. ...
Superannuation
A leading plaintiff law firm has called for employers to be placed under a legal obligation to select the right default superannuation fund for their employees at the sam...
Financial planning
Recent media coverage of problems associated with products promoted by vertically-integrated financial services businesses have served to confirm the law is still falling...
Financial planning
The Financial Services Council has welcomed new legislation aimed to provide more protection for consumers from poor financial products....
Financial planning
Licensees will be responsible for approving 70 per cent of the continuing professional development hours undertaken by advisers under the new Financial Adviser Standards ...
Financial planning
Industry Super Australia has accused the Government of caving into the retail banks and the wealth management sector in allowing ‘carve-outs’ from the design and distribu...
Financial planning
The Financial Planning Association has suggested risk rating financial products to better target consumer protections....
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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...