GOVERNMENT AND REGULATION

Financial planning

ASIC has rebuffed suggestions HFT is a problem and stated a ‘lack of hysteria’ should not be mistaken for complacency....

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Superannuation

Government should open tender process for small pool of default funds, says Grattan Institute....

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Financial planning

Govts of both persuasions told to stop legislating by press release in circumstances where considerable costs and inconvenience are being imposed on employers, advisers a...

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Superannuation

Constant debates on super regulation is deterring young people from superannuation, and they are instead investing in assets over which they have more control and certain...

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Financial planning

ASIC should be given powers to pursue compensation including the first right to sue ahead of investors involved in class actions....

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Superannuation

Flow-on effects of lifting the pension age to 70 could see older Australians grow reliant on other social security benefits, says SPAA....

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Superannuation

The Tax Commissioner, Chris Jordan, has signalled an end to prolonged disputation and audits....

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Financial planning

Wealth Within has sought to defend its reputation in the face of fines imposed by the corporate regulator for misleading advertising....

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Financial planning

Newspaper reports are speculating that the Government will sell off ASIC’s company registry business. ...

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Policy & Regulation

FOFA should be given time to settle before further changes, according to Minter Ellison....

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Financial planning

ASIC tells a Senate Committee that while Commonwealth Financial Planning has lived up to its enforceable undertaking requirements, further work is required on its breach ...

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Financial planning

ASIC claims it is constrained by limited resources and a priority to protect consumer investors after claims it has overlooked the actions of commercial lenders...

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Policy & Regulation

The Senate Committee reviewing ASIC’s performance is likely to make recommendations based on how past failures were owed to a lack of intelligence and necessary skills....

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Policy & Regulation

Scaled and scoped advice has received undue focus under the Future of Financial Advice (FOFA) legislation, and is a sign of increasing levels of paternalism in legislatio...

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Financial planning

Australia’s financial regulators have joined forces to back central clearing on dealer-traded derivatives....

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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...

6 days 21 hours 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...

6 days 22 hours 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 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 1 week ago