MIS

Financial planning

CHOICE is calling for an industry-funded compensation scheme of last resort to include investment managers, as cases such as the Sterling Group collapse has caused homele...

Policy & Regulation

ASIC: Let us spend more to make us cheaper

The Australian Securities and Investments Commission claims it is ‘capex poor’ and is seeking more funding from Treasury arguing that if it was allowed greater capital ex...

Policy & Regulation

ASIC commences Federal Court action against Daly and Linchpin directors

The Australian Securities and Investments Commission has commenced Federal Court proceedings against Peter Daly and other current and former directors of Linchpin Capital...

Funds management

Will lawyers find themselves in the same regulatory boat as advisers?

The Government’s proposed changes to class action and litigation funding may see lawyers subject to some of the same obligations as financial advisers, according to the A...

Policy & Regulation

AFSLs and ASIC oversight not for us say litigation funders and lawyers

Litigation funders, lawyers and even the ACCC are warning a key Parliamentary that the imposition of licensing and oversight by the Australian Securities and Investment C...

Policy & Regulation

Extend compensation scheme to MISs says AFCA

The Australian Financial Complaints Authority wants any new compensation scheme of last resort to cover the whole industry, including Managed Investment Schemes, and to b...

Superannuation

Should super trustees be allowed ‘honest mistakes’?

Superannuation fund trustees should not be subject to the same penalties that apply to directors of Managed Investment Schemes and should be allowed lee-way for ‘honest m...