FEDERAL TREASURY

Policy & Regulation

Self-Managed Superannuation Funds should be exempted from the Government’s new design and distribution regime because they are not like other financial products, accordin...

Policy & Regulation

The Federal Treasury has delivered only vague answers to Parliamentary questioning about the future funding of the Financial Adviser Standards and Ethics Authority....

Financial planning

Submissions directed to Treasury around the end of grandfathering revealed little significant resistance but genuine concern around how client rebates should work....

Policy & Regulation

Mortgage brokers themselves rather than credit licensees should be made to honour a best interest duty to clients, according to the Financial Planning Association....

Policy & Regulation

Seven different regulators combined with three different complaints and disciplinary bodies mean that financial planners have been left sinking in a regulatory swamp....

People & Products

Policy head, Jordan George, has announced he has resigned from his role at the SMSF Association which he held for the past seven-and-half years, effective 23 August....

Financial planning

Major accounting body, Chartered Accountants ANZ has argued for accountants to be given the right to give ‘incidental advice’ under a carve-out from the financial advice ...

Life/Risk

The Financial Planning Association has given its backing to the standardisation of terms and definitions with respect to insurance with MySuper products but has caused ag...

Financial planning

The Federal Treasury has been warned that politicians have failed to understand grandfathering with the result that the emotional health and well-being of advisers is bei...

Financial planning

The Federal Treasury has been told that tailored advice is crucial to assisting consumers in selecting retirement income products....

Policy & Regulation

Insurance claims handling should not be encumbered by the same obligations as financial advice because it would risk making it unaffordable to super fund members, accordi...

Financial planning

The Financial Adviser Standards and Ethics Authority’s business plan has revealed the financial adviser exam will cost millions and be the authority’s single biggest expe...

Policy & Regulation

The Federal Treasury has defended legislative provisions which would enable the Australian Prudential Regulation Authority to keep secret any instructions it may give to ...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 2 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

4 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

6 months 3 weeks ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

2 weeks 1 day ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

1 week ago

ASIC has banned a former NSW adviser from providing advice for 10 years for investing at least $14.8 million into a cryptocurrency-based scam. ...

1 week 1 day ago