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GOVERNMENT AND REGULATION
Financial planning
Mortgage insurer Genworth Financial has supported a government move to introduce a fact sheet to educate homebuyers on home loans with lenders mortgage insurance (LMI)....
Editorial
Assistant Treasurer, Bill Shorten, has pointedly excluded the Association of Financial Advisers from those who convinced the Government to concede ground on risk commissi...
Policy & Regulation
Australia's taxation of foreign managed funds will soon be aligned with countries including the US, the UK, Hong Kong and Singapore, as the Federal Government rolls out i...
Superannuation
A total number of almost 1,700 individuals and companies have been convicted on tax and superannuation offences in the 2010-11 financial year, according to the announceme...
Financial planning
ASIC has released a regulatory guide for contracts for difference (CFD) issuers in order to provide greater disclosure to investors....
Financial planning
OnePath acknowledges confusion over super contribution caps, but urges planners to keep it simple....
Superannuation
Self Managed Super Fund Professionals' Association of Australia (SPAA) says fraud and theft is not limited to superannuation but all Australian investors....
Policy & Regulation
Wealth management chief executives have called for certainty regarding the proposed FOFA changes, according to the 2011 Financial Services Council (FSC) CEO Report....
Financial planning
ASIC commissioner Shane Tregillis has been appointed chief ombudsman of Financial Ombudsman Services....
Superannuation
Some SMSFs will not need to comply with the new rules regarding collectables and personal-use assets until 1 July, 2016. However, many will need to consider what action t...
Financial planning
ASIC has made its first move towards licensing consumer credit businesses as part of the transition to new national consumer credit laws, with over 500 financial planning...
Policy & Regulation
FOFA worries drag down practice valuations and share prices as industry criticisms increase. The latest digital edition of Money Management is now online....
Superannuation
The upcoming FOFA reforms will see the removal of commissions on life risk products in super. Money Management conducted a roundtable discussion with leading industry pla...
Editorial
Many financial planners have lost faith in the Federal Government’s willingness to inject balance into FOFA and, as Mike Taylor writes, this attitude was not helped by re...
Superannuation
The Australian Institute of Superannuation Trustees (AIST) has supported the Federal Government's budget proposition to clear up rules on capital gains tax (CGT) for trad...
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MARKET INSIGHTS
Podcast
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...
So we are now underwriting criminal scams?...