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Funds management
The regulator has made an interim stop order on a registered managed fund promoted by K2 Asset Management due to deficiencies in the target market determination....
Funds management
The Financial Services Council has updated its design and distribution obligations template for fund managers in line with concerns raised by ASIC about the initial regim...
Funds management
With ASIC playing a role in interpreting the law through materials like regulatory guides and in part enforcing the law through stop orders, a panel has questioned if the...
Funds management
ASIC has outlined the most common mistakes made by funds when creating their target market determinations as well as how many products have been withdrawn from the market...
Funds management
ASIC has issued interim stop orders on three BT funds run by Advance Asset Management for DDO failings....
Financial planning
Moving to Letters of Advice, abolishing safe harbour steps to comply with best interest duty and indexing the wholesale assets test are among proposals made by the Financ...
Financial planning
The ability to access free online information about financial services law should be a priority for the Government before any reform of the Corporations Act, the Financia...
Financial planning
Mounting regulation is turning advisers into “admin assistants with Government records” and Government intervention is needed to maintain limited licensees in the industr...
Financial planning
The Financial Services Council has announced a collaborative work with members across the financial services industry to design templates to help enable the implementatio...
People & Products
The new tool will aim to provide ability target market determinations, ahead of the design and distribution obligations legislation. ...
Financial planning
The Australian Securities and Investments Commission will regard personal advice entailing client best interests as obviating many of the adviser strictures of the new de...
Financial planning
The Financial Services Council has welcomed new legislation aimed to provide more protection for consumers from poor financial products....
Financial planning
Industry Super Australia has objected to exempting personal financial advice from product design and distribution obligations, arguing planners need to be held responsibl...
Policy & Regulation
The Law Council of Australia has urged the Government that it needs to amend proposed new financial product design and distribution laws to exclude intervention in produc...
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...
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MARKET INSIGHTS
Podcast
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...
So we are now underwriting criminal scams?...