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Life/Risk
Life insurers should have the same powers as general insurers when it comes to dealing out benefits like riders, according to TAL. ...
Policy & Regulation
Changes to FOFA amendments agreed between the Government and PUP will act as levers against a planner in a dispute with a client....
Life/Risk
Both APRA and ASIC express concerns at failure to learn lessons in life/risk sector....
Superannuation
One of Australia’s regulators fears self-managed super funds could expose investors to inappropriate borrowing strategies, but doesn’t see a role for itself in guarding t...
Financial planning
Class action specialists, Shine Lawyers, are investigating claims against Queensland based financial advice firm FTS....
Financial planning
SFG Australia Limited shareholders have voted to support IOOF Holdings Limited’s proposed acquisition of 100 per cent of the company’s ordinary shares....
Financial planning
A Sydney woman employed by a company trading as Premium Financial and Retirement Solutions has pleaded guilty to four charges of fraud after an ASIC investigation....
Financial planning
FOS releases consultation paper seeking input about raising limits at which it can hear disputes...
Financial planning
A former WealthSure financial adviser has been jailed after transferring around half a million dollars out of clients’ accounts without their knowledge. ...
Accounting
Accountants are not having the necessary conversations on what is going to happen to their ability to give advice on self-managed super funds (SMSF) after July 2016, an a...
Financial planning
Both Custom Wealth Solutions and Custom Wealth Solutions Dealer Services Pty Ltd have entered external administration. ...
Financial planning
The Commonwealth Bank (CBA) has responded to its grilling at a Senate Committee by restating its compliance with the inquiry’s requests for more information. ...
Life/Risk
Businesses that sell general or life insurance, or offer credit as an ‘add-on’ insurance offering, should be on guard as they come under ASIC scrutiny, a law firm warns....
Financial planning
NAB Wealth will refund customers after it found some of its customers had received incorrect compensation after an investment income error on its Navigator platform....
Financial planning
Former sole director of Sonray Capital Markets, Russell Andrew Johnson, has been sentenced to six-and-a-half years in jail after pleading guilty to seven charges last yea...
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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?...