FINANCE

Financial planning

Aged care advice is too broad with multiple moving parts to have its own specific, narrow licensing condition, according to the Financial Planning Association....

Financial planning

The Australian Securities and Investments Commission chairman, Greg Medcraft has pointed to financial services technology as being a disruptor of vertical integration....

Financial planning

Federal Treasurer, Scott Morrison has cited cracking down on ‘dodgy advice’ in his broader justification for cracking down on the big banks....

Financial planning

Mortgage broker representatives have highlighted the inequity of upfront commission clawbacks....

Policy & Regulation

The Government has been warned against allowing the new licensee self-reporting regime to result in people being named and shamed without adequate proof....

Policy & Regulation

The Federal Opposition has locked in on capping tax deductions for arranging tax affairs at just $3,000....

Superannuation

The Government will struggle to get its First Home Owners Super Savers scheme through the Parliament with the Federal Opposition declaring it will oppose the Budget init...

Policy & Regulation

The ABA has expressed angst over the Government’s move to force the major banks’ senior executives to sign confidentiality agreements before releasing the legislation....

Policy & Regulation

Debt management advisers are operating via a regulatory loophole and need to adhere to the same regulatory standards as financial planners, a parliamentary committee has...

Financial planning

Parents of all ages expressed concern about the financial future of their children, the domino effect on their grandchildren, and the ramifications on their own financial...

Life/Risk

The Budget has proposed to only allow new plant and equipment assets and items added to an investment property to be depreciated....

Superannuation

Australian super funds continue to invest far more in deposits and less in bonds than their counterparts abroad, according to Spectrum Asset Management....

Superannuation

AMP Limited’s March quarter cashflows have been impacted by significant changes to the superannuation environment....

Financial planning

Paul Barrett’s AZ Next Generation Advisory has extended its presence to North Queensland via an acquisition transaction with Menico Tuck Parrish....

Financial planning

Consumers could benefit from a one-stop shop for financial disputes, but must have the right to legal representation, Maurice Blackburn Lawyers said....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 3 weeks ago

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

5 months ago

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

7 months 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. ...

3 weeks 5 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 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. ...

2 weeks 4 days ago