FINANCIAL PRODUCTS

Funds management

Removing barriers for fund managers and super funds to transition to modern investment products would result in customers retiring with cumulatively $16 billion more by 2...

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...

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Policy & Regulation

Platform providers and those engaged in managed accounts will need to be alert to new regulations which extend the sweep of the Design and Distribution Obligations regime...

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Financial planning

The Financial Services Council has welcomed new legislation aimed to provide more protection for consumers from poor financial products....

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Financial planning

The Australian Financial Complaints Authority reported it received over 13,000 phone enquiries in its first month of operation. ...

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Policy & Regulation

The Federal Government is proposing to increase the value limit of products in employee share schemes that can be offered in a 12-month period from $5,000 to $10,000 per ...

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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...

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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...

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Policy & Regulation

The Australian Baking Association has warned that new Design and Distribution laws may result in bank staff being mistaken for advisers....

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Policy & Regulation

The Australian Securities and Investments Commission has signalled the likelihood that it will become significantly more litigious in the wake of the Royal Commission....

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Policy & Regulation

The Australian Securities and Investments Commission is arguing that giving it product sales training intervention powers may reduce the need for it to take extreme actio...

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Policy & Regulation

The Australian Securities and Investments Commission said it will commence a review of school banking programs in primary schools....

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Financial planning

The Financial Planning Association has suggested risk rating financial products to better target consumer protections....

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Financial planning

Mortgages should be deemed financial products under the Corporations Act requiring the provision of licensed advice, according to actuarial consultancy, Rice Warner....

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Editorial

Financial services product manufacturers should be prepared to stand behind their offerings and ensure they are directed to the right consumers by the right people....

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MARKET INSIGHTS

ChrisC

I would also like to know, at what point investors become responsible for the investments they make?...

10 minutes 24 seconds ago
Peter Johnson

As others have said - plenty of excuses for further falls. How about decades of being continually beaten down by the...

3 hours ago
Duke Nukem

Finally someone with the guts to ask the hard questions of the corrupt body that governs us. Good on you Angry, ASIC mak...

4 hours 28 minutes ago

Insignia Financial has unveiled a new operating model and executive team, including a new head of advice, while three senior executives are set to depart the licensee....

1 week 6 days ago

ASIC has secured travel restraint orders against a financial adviser while he is the subject of an investigation into alleged financial misconduct....

1 day 20 hours ago

The $280 billion Australian Retirement Trust is the first superannuation fund off the block to report its performance for the 2023-24 financial year....

3 weeks 2 days ago