LAW

Funds management

Two potential side effects have been flagged around changes to the sophisticated investor test following a recent Treasury consultation, which could see thousands of inve...

Financial planning

A proposal for ASIC criminal trials to be introduced to the Federal Court has received backlash from the Law Council of Australia, which argues the judges lack sufficient...

Policy & Regulation

Proposals to place US or UK-style restrictions on products in the Australian managed investment schemes would be “radical” when ASIC already has significant product inter...

Financial planning

With Australia’s ageing population increasingly at risk of financial abuse, a law firm has shared tips for advisers to look out for in protecting their clients’ finances....

Financial planning

Two-thirds of all licensees are paying over $1 million annually in internal compliance costs, including 13 per cent of those with less than 100 staff and representatives,...

Policy & Regulation

The regulation of financial advice is one of the highest priorities for the Australian Law Reform Commission as it looks to revamp financial services legislation....

Funds management

ASIC is looking to make examples of firms when it comes to greenwashing and taking a forthright position when asking them for changes, according to two lawyers who have d...

Expert Analysis

A move to regulate the Buy Now Pay Later space could have wide-ranging implications and change the investment case for holding the providers in portfolios, writes Ursula ...

Expert Analysis

With the recent spate of data breaches now extending to the financial services industry, AFSLs are racing to ensure that their information management procedures are up to...

People & Products

Law firm K&L Gates has appointed a partner for its asset management and investment fund practice. ...

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Policy & Regulation

A former tax partner at PricewaterhouseCoopers has been de-registered as a tax agent for integrity breaches after disclosing details of confidential law reforms....

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People & Products

Justice Sarah Derrington, who led the Australian Law Reform Commission’s review into financial services legislation, is to depart after five years. ...

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Financial planning

There has never been a better time to pursue a career in advice as consumer demand is rising, according to 2022 FPA University Student of the Year winner, Matthew Kanizay...

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Financial planning

The Financial Services Council has warned it would be unwise for ASIC to be given greater powers in creating financial services legislation and any steps towards this sho...

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Policy & Regulation

With two days left to submit responses to the ALRC Review, the Corporations Act has been likened to a “disordered share house” that requires re-design and a deep clean. ...

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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...

1 day 17 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...

1 day 18 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...

2 days 17 hours 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. ...

8 months 3 weeks 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