FINANCIAL SERVICES COMPANIES

Policy & Regulation

Banks and financial services firms have been revealed as having major consumer trust issues with new Roy Morgan research revealing that only Bendigo and Adelaide Bank and...

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Superannuation

The Senate has passed a bill that abolishes duplicative payslip reporting provisions in superannuation legislation, a move the Federal Government says will reduce red tap...

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Superannuation

The Productivity Commission has signalled it won’t be traversing the default funds issue in its review of the Australian Workplace Relations Framework....

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Financial planning

Financial services companies that adopt and use financial technology (fintech) are most likely to succeed while the sector undergoes disruption and change according to AW...

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Editorial

For the chief executives of financial services companies struggling to fund the cost of compliance in an ever-changing regulatory environment, the 2013-14 annual report o...

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People & Products

Quantum Financial principal Claire Mackay has been appointed to ASIC's external advisory panel. ...

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Financial planning

Financial services companies are almost matching government regulatory costs with their own self-inflicted rules, and effectively “choking themselves in red tape”....

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Financial planning

Industry funds are as vertically integrated as anyone else and are guilty of hypocrisy when criticising such structures, according to Fiducian platform head, Patrick Jack...

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Editorial

While ASIC is right to pursue more timely breach reporting by financial planning firms it should acknowledge that the vast majority more than live up to their obligations...

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Financial planning

Specialist financial services companies and larger banks are looking to grow their separate managed account (SMA) businesses over the next two years....

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Financial planning

ASIC’s enforcement report for the first six months of this year appears to have skirted the issues that made the biggest headlines....

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Financial planning

New research suggests the regulatory demands confronting financial services companies are distracting them from technological innovation....

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Financial planning

The Financial Service Inquiry is unlikely to drive deep changes to the financial services sector according to an analysis of the 270 submissions made to the inquiry....

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Editorial

Mike Taylor writes that if the Senate Committee inquiry reviewing the actions of ASIC has achieved nothing else, it has has identified just how reliant the regulator has ...

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Financial planning

The attributes that companies are seeking in financial planners are drastically changing, with sales no longer a must-have skill, writes Milana Pokrajac. ...

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Never miss the latest news and developments in wealth management industry

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...

1 week 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...

1 week 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 1 day 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 2 weeks ago