FSC

Financial planning

The Australian Securities and Investments Commission was never really empowered to seriously change the status of ‘general advice’ when Government reviews were on foot....

Life/Risk

Despite rumours suggesting otherwise, the Financial Services Council says receiving the COVID-19 vaccine will not invalidate life insurance policies....

Superannuation

Some of the worst-performing super products have been carved out of the performance test putting consumers at risk of being stapled to a dud fund, according to the Austra...

Financial planning

The major financial planning representative groups have met informally to discuss the direction of policy amid the Australia Securities and Investments Commission’s conti...

Financial planning

The savings identified by the Financial Services Council in its new advice green paper are marginal, at best, according to the chief executive of major licensee, Countplu...

Life/Risk

A focus on legacy products has become one of the biggest barriers to innovation and the industry needs to be prepared to bear the burden of investment in improving those ...

Policy & Regulation

The corporate regulator has asked the industry to better help the regulators better regulate the industry....

Financial planning

A new Financial Services Council green paper has suggested that a moral risk will emerge if self-licensed advisers are allowed to proliferate in the absence of dealer gro...

Superannuation

Superannuation industry associations may be facing significant consolidation as the Government’s new legislation forces to superannuation funds to justify spending member...

Financial planning

The industry needs to simplify the way it presents advice to clients as statements of advice can increase anxiety for consumers and does not build trust, according to a p...

Financial planning

The Financial Services Council says the expansion of the scope and length of the committee will help Australia become a technology and finance centre....

Financial planning

As the major licensees compete to attract advice businesses and individual advisers, the Australian Securities and Investments Commission’s new approach to reference-chec...

Superannuation

As Government back-benchers canvass allowing people to opt out of a higher superannuation guarantee, data provided to a Parliamentary Committee suggests people have littl...

Policy & Regulation

The Financial Services Council has nominated initiating a compensation scheme of last resort as one of the major challenges facing the Government in 2021. ...

Superannuation

The Government’s Retirement Income Review has been welcomed but the industry has differing views on the superannuation guarantee increase and accessing home equity to fun...

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MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 month 3 weeks ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

2 months 2 weeks ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

2 months 3 weeks ago

ASIC has canceled the AFSL of Sydney-based asset consultant and research firm....

2 weeks 6 days ago

The Reserve Bank of Australia has announced its latest interest rate decision following this week's monetary policy meeting....

4 weeks 1 day ago

ASIC has banned a Melbourne-based financial adviser for eight years over false and misleading statements regarding clients’ superannuation investments....

1 week 1 day ago
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