government and regulation

Financial planning

Supreme Court winds up unlicensed financial services company

The Australian Securities and Investments Commission (ASIC) has obtained Supreme Court orders against an unlicensed financial planning business found to have defrauded 36...

Financial planning

Supreme Court winds up unlicensed financial services company

The Australian Securities and Investments Commission (ASIC) has obtained Supreme Court orders against an unlicensed financial planning business found to have defrauded 36...

Policy & Regulation

Embrace PJC's FOFA evidence, says AFA

The Association of Financial Advisers (AFA) believes the weight of evidence presented to the PJC is enough to get FOFA back on track....

Editorial

Savvy consumers to transform financial services

2012 will be the year of the savvy consumer - and the financial services industry is preparing for this new trend, writes Jim Minto....

Financial planning

ASIC releases new regulatory guidelines for infrastructure entities

ASIC has released new disclosure benchmarks and principles for infrastructure entities in order to provide retail investors with a better understanding of the associated ...

Funds management

Property looks attractive to SMSFs

While the allocation to cash has become more popular among self-managed superannuation fund (SMSF) trustees, so too has the interest in property signalled a growing trend...

Financial planning

ASIC releases new regulatory guidelines for infrastructure entities

ASIC has released new disclosure benchmarks and principles for infrastructure entities in order to provide retail investors with a better understanding of the associated ...

Policy & Regulation

Mathias Cormann urges FOFA delay

The Federal Opposition urges financial services stakeholders to fully reveal FOFA flaws to this week's PJC hearings while, at the same time, calling for a substantial del...

Editorial

Does Bill Shorten's promotion come at the expense of objectivity?

Bill Shorten's mega-portfolio combining workplace relations with financial services will create a complex dynamic if the Government is to act appropriately on any Product...

Editorial

Facing the truth about FOFA

If the parliamentarians involved in the Parliamentary Joint Committee reviewing the FOFA bills put aside their political affiliations then they will back some key amendme...

Superannuation

Proposed MySuper regime may prompt short-termism

The Association of Superannuation Funds of Australia urges changes to the MySuper regime, warning existing proposals may prompt trustees to pursue short-term outcomes....

Financial planning

'Phoenixing Bill' too tame on financial planners?

While industry bodies support the Government's proposed regulatory amendments to accelerate the wind-up of so-called 'phoenix' companies and claim the issue is not a majo...

Financial planning

MLC releases simpler PDS ahead of regulatory changes

In an effort to meet the Federal Government's short-form product disclosure statement (PDS) reforms, MLC has released simpler short-form documents for three of its leadin...

Financial planning

MLC releases simpler PDS ahead of regulatory changes

In an effort to meet the Federal Government's short-form product disclosure statement (PDS) reforms, MLC has released simpler short-form documents for three of its leadin...

Policy & Regulation

MySuper must be considered with FOFA: CSSA

There is too much crossover between MySuper legislation and Future of Financial Advice (FOFA) legislation for the two to be considered separately, according to the Corpor...