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GOVERNMENT AND REGULATION
Financial planning
ASIC has called for companies to provide more clarity on remuneration arrangements for their directors and executives....
Financial planning
A Sydney-based mortgage broker has received a $27,500 fine for advertising credit services it was not licensed to provide, according to the Australian Securities and Inve...
Financial planning
Superannuation trustees have not given consumers in default funds the returns they are entitled to expect, according to chair of the Stronger Super Peak Consultative Grou...
Financial planning
The Australian Securities and Investments Commission (ASIC) has released a class order to extend the transition period for the new shorter Product Disclosure Statement (P...
Superannuation
Regulated superannuation funds are increasingly being seen as a 'honey pot' and should largely be excluded from the Government's proposed compensation levy system, accord...
Superannuation
Self-managed super fund education provider, SMSF Academy, has labelled industry reactions to draft regulations on collectible investments as "making a mountain out of a m...
Policy & Regulation
Life insurance provider Asteron has created a Future of Financial Advice (FOFA) 'lobby pack', which teaches the company's adviser network how to lobby their members of pa...
Superannuation
In a submission to the Government's draft regulations on collectibles and personal use assets in SMSFs, an industry association has asked for even further tightening of t...
Financial planning
The Federal Government has taken the advice of industry associations and lifted the maximum levy amount from $500,000 to $750,000 to ensure fairer distribution....
Financial planning
The Assistant Treasurer and Minister for Financial Services, Bill Shorten, has introduced legislation that will ensure capital gains and franked distributions can continu...
Financial planning
The current wave of regulatory reforms in financial services and focus on professionalism could lead to a structural shift in financial services education, with a focus o...
Financial planning
The Australian Taxation Office (ATO) is warning investors to steer clear of tax avoidance schemes and seek independent financial advice as the end of the financial year r...
Financial planning
A clear separation of the responsible entity (RE) from the fund manager and product promoter will increase investor protection significantly, according to Equity Trustees...
Superannuation
Super and accounting bodies have applauded the Australian Securities and Investments Commission's (ASIC's) guidelines on art and collectibles in self-managed super funds....
Financial planning
Peter Joyner and Associates has lost its Australian Financial Services Licence (AFSL) for failing to maintain adequate professional indemnity (PI) insurance, among other ...
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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?...