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....

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Financial planning

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

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Financial planning

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

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Financial planning

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

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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....

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Policy & Regulation

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

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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...

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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....

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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...

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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...

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Life/Risk

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

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Superannuation

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

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Superannuation

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

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Financial planning

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

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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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Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

6 days 12 hours ago
Jason Warlond

Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...

6 days 13 hours ago
Jasmin Jakupovic

How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...

1 week ago

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

9 months 1 week 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 ago

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

9 months 1 week ago