parliamentary joint committee

PARLIAMENTARY JOINT COMMITTEE

Funds management

The fall-out from Trio/Astara and Opes Prime sees ASIC move to upgrade its approach to MIS custody....

Editorial

ASIC and APRA's Trio/Astarra failures laid bare

Australia’s two key financial services regulators, ASIC and APRA have moved a step closer to concluding their actions around the collapse of Trio/Astarra and, in doing so...

Editorial

Whatever next for advice?

With Parliament prorogued and the advice reform agenda incomplete, many in the financial services industry are left wondering ‘what now?’, writes Cecilia Storniolo....

Financial planning

Planners expect too much, say researchers

Some sections of the financial planning industry do not have a full understanding of what research houses do and to what extent their ratings can be relied upon. ...

Rate the raters

The blame game continues

If a product receives a glowing review by a research house and subsequently fails, should the research house be partly responsible? The Parliamentary Joint Committee rece...

Financial planning

Avoid bank planners, says law firm

A major law firm has warned Australian consumers against taking advice from bank financial planners....

Financial planning

Client confusion over planner ‘independence’

Latest research shows up to half of clients using bank-aligned financial planners think their adviser is ‘independent’....

Financial planning

Planners remain subject to revenue targets

Two large banks have told the PJC that they do not impose sales targets on their financial planners, but revenue targets and adviser bonus structures are still in place....

Editorial

How TASA will affect financial planners

Financial planners may have won something of a victory in terms of TASA implementation, but the Financial Services Council’s Cecilia Storniolo writes that those impacted ...

Financial planning

Coalition’s policy paper reiterates FOFA promise

The Coalition has released a new policy paper which confirms it would amend FOFA to “reduce compliance costs for small business financial advisers”. ...

Financial planning

Bowen urged to review Trio/Astarra outcome

The Federal Opposition has urged new Treasurer, Chris Bowen, to revisit the Government’s approach to Trio/Astarra compensation arrangements....

Editorial

TASA exposes the divide between planners and accountants

If one issue has clearly defined the divide which continues to exist between financial planners and accountants, it has been the chequered passage of the Government’s Tax...