PARLIAMENTARY COMMITTEE

Policy & Regulation

The audit industry has been delivered a reasonably favourable assessment by a key Parliamentary Committee because the Australian Securities and Investments Commission sai...

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Financial planning

AMP Limited has acknowledged the major hit taken to its public reputation but holds hopes that it can restore trust in around three years....

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Policy & Regulation

Even though the Federal Election had already been called, the Senate Economics Legislation Committee has vetoed a One Nation bill which would have ended financial service...

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Policy & Regulation

The Parliamentary Committee inquiry into the removal of franking credits has ended as it began – in disagreement between the major parties....

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Superannuation

A key parliamentary committee has questioned the future of ANZ’s sale of the OnePath pensions and investments business to IOOF....

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Policy & Regulation

The banks would be compelled out of the wealth management industry and AMP would have to break up its operations under policy proposals flagged by the Australian Greens i...

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Financial planning

FSU national secretary Julia Angrisano has slammed NAB as being “breathtaking” in its hypocrisy, following reported admissions that its CEO breached its policies with lit...

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Life/Risk

Plaintiff law firm, Maurice Blackburn has labelled the Financial Services Council’s failed bid to have life/risk insurers allowed involvement in worker rehabilitation as ...

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Life/Risk

The Joint Parliamentary Committee on Corporations and Financial Services has rebuffed an FSC proposal to allow life/risk insurers to participate in getting injured worker...

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Financial planning

The Financial Planning Association has suggested risk rating financial products to better target consumer protections....

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Policy & Regulation

The Australian Competition and Consumer Commission has told a key parliamentary committee it is funded and empowered to be the financial services “competition champion”....

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Superannuation

A key Parliamentary Committee report has specifically cited the Australian Prudential Regulation Authority as suggesting not too much should be made of the perceived outp...

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Financial planning

The Financial Planning Associated has cited the “massive losses” associated with agricultural and forestry managed investment schemes in urging the Government to amend le...

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Policy & Regulation

The new chairman of the Australian Securities and Investments Commission has told a Parliamentary Committee the regulator needs competition powers to help it do its job....

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Policy & Regulation

The Government may have sought to use Parliamentary committee scrutiny of the big banks to avoid holding a Royal Commission but now that same committee intends to test th...

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MARKET INSIGHTS

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Never miss the latest news and developments in wealth management industry

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...

6 days 10 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...

6 days 11 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...

1 week 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. ...

9 months 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