DISCLOSURE

Superannuation

The regulatory or consumer benefits for superannuation funds to report portfolio holdings has not been demonstrated by the Federal Government according to a leading legal...

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Funds management

A review of disclosure to investors by the unlisted property industry has been described as “disappointing” by ASIC....

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Superannuation

Superannuation funds risk falling foul of new legislation due to inconsistent fee and cost disclosure practices, an ASIC report reveals....

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Financial planning

Sentry Financial Services to write to SMSF clients after ASIC surveillance of corporate authorised representative...

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Financial planning

ASIC considers allowing managed investment schemes to be automatically registered, with non-compliant schemes regulated by stop-orders....

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Life/Risk

A recent Victorian Supreme Court decision has serious implications for risk advisers....

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Financial planning

The Department of Treasury has pointed to the role of financial advice in assisting consumers to engage with the financial system....

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Accounting

The Australian Taxation Office (ATO) is pushing all taxpayers with offshore assets to declare their interests before it starts a global clampdown on tax evasion....

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Financial planning

ASIC frustrated that the penalty regime imposed is less than the profit companies gain from poor behaviour, and that disclosure is no longer a 'disinfectant’ for law-brea...

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Superannuation

AUSTRAC criticised for failing to appropriately define politicians, senior public servants and senior members of the military. ...

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Financial planning

Almost a third of advised Australians last heard from their financial planner more than a year ago, which puts them “at risk” of switching, a report says....

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Financial planning

ASIC has released updated guidelines on its shorter Product Disclosure Statement (PDS) push, reminding superannuation providers to detail cooling-off periods and costs. ...

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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....

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Superannuation

ASIC wants investors to be better informed before establishing SMSFs but denies it will pursue prescriptive new disclosure requirements....

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Financial planning

Fair Loans Foundation has entered into an enforceable undertaking under which it will refund 864 consumers around $157,000 in overcharged interest. ...

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Never miss the latest news and developments in wealth management industry

Aware one

It is very worrying that Stephen Jones and the Labor government are now trying to limit the access retirees have to thei...

9 hours 23 minutes ago
Aware one

Let's face it, recruitment numbers are down because the government, and their bureaucrats, have made this a dying indust...

9 hours ago
Fed-up

Phil Anderson is pure gold....

13 hours ago

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

10 months 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 3 weeks ago

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

10 months ago