GOVERNMENT AND REGULATION
Financial planning
A decision by the Government to withdraw an amendment to the director penalty regime from its recent tax laws amendment means the initiative to target phoenix directors m...
Policy & Regulation
Professional Investment Services (PIS) warns that Shorten's approach of introducing FOFA in tranches has inherent dangers....
Funds management
Eleven managed funds have been given a 'recommended' rating in Zenith Investment Partners 2011 Multi Strategy and Fund of Hedge Funds Sector Review....
Policy & Regulation
The Sydney District Court has sentenced finance broker and unregistered tax agent Angelos Giourtalis to nine years in gaol for 57 counts of tax fraud....
Superannuation
The Small Independent Superannuation Funds Association (SISFA) says it is pleased with the Government's recent decision to continue drawdown relief for self-funded retire...
Policy & Regulation
A new legal analysis of the FOFA reforms suggests financial advisers will have to go further than simple disclaimers in seeking to provide limited advice....
Financial planning
The Australian annuities market is tipped to reach $2 billion by the end of the 2011 calendar year, making it the biggest-selling year for annuities since 2004, according...
Policy & Regulation
The Federal Opposition has called on the Government to delay the implementation of its FOFA legislation....
Policy & Regulation
Buyer of Last Resort arrangements entered into decades ago are returning to haunt some of the major financial services institutions as growing numbers of older financial ...
Superannuation
Small Independent Superannuation Funds Association (SISFA) has questioned the Government's recent decision to pause indexation of the superannuation concessional contribu...
Financial planning
Industry executives have raised the prospect of the Australian Securities and Investment Commission (ASIC) investigating whether responsible entity companies (REs) will b...
Financial planning
Following concerns raised by the Australian Securities and Investments Commission (ASIC), Westpac Banking Corporation will undertake a review of its marketing of geared i...
Editorial
Troy Smith outlines what bankruptcy is, when it should be filed for and what income and assets would be available to creditors....
Editorial
The second tranche of the Government's Future of Financial Advice legislation has laid out the remuneration and best interests ground rules for financial planners but, as...
Editorial
Australian financial planners seem destined to end 2011 in much the same fashion they ended 2010 - uncertain about the fine detail of the regulatory regime that will unde...
Never miss the latest news and developments in wealth management industry
MARKET INSIGHTS
Podcast
The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...