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

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

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

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

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

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

Financial planning

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

Financial planning

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

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

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

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

Editorial

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...

Financial planning

ASIC seeks industry input on a shift to higher knowledge and skills levels for planners. ...

Financial planning

ASIC points to conflicted, commission-driven culture at Commonwealth Financial Planning five years ago....

Financial planning

FPA chief executive Mark Rantall has written to all Federal Parliamentarians urging them not to simply wave through the TASA legislation....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 5 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 1 day ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

2 days 21 hours ago