POLICY

Policy & Regulation

Want an AFSL? Better be ‘fit and proper’. A Government taskforce is proposing tough new powers which would enable ASIC to refuse licensing to those it deems not to be ‘fi...

Financial planning

The Association of Financial Advisers has pushed back on the Australian Securities and Investments Commission’s rules around who can and cannot use the term ‘independent’...

Superannuation

AIST has welcomed the digitalisation of superannuation choice forms, where a default fund must be named....

Financial planning

The Finance Sector Union wants an independent Government regulator to handle background checks and other protocols aimed at weeding out financial services bad apples....

Financial planning

Federal Treasurer, Scott Morrison has cited cracking down on ‘dodgy advice’ in his broader justification for cracking down on the big banks....

Financial planning

The Australian Securities and Investments Commission has fixed a regulatory anomaly which was unjustifiably hindering full AFSL-holders in delivering tax-exempt advice....

Superannuation

Industry Super Australia has welcomed the Tax Office commissioner’s call for better alignment of wages and salary with super payment timings....

Superannuation

The industry superannuation funds are using new research to claim that retail superannuation funds should be required to have higher levels of transparency on fees....

Policy & Regulation

The Government has been warned against allowing the new licensee self-reporting regime to result in people being named and shamed without adequate proof....

Policy & Regulation

Debt management advisers are operating via a regulatory loophole and need to adhere to the same regulatory standards as financial planners, a parliamentary committee has...

Policy & Regulation

The major banks are facing a bipartisan pincer on the proposed bank levy with Federal Opposition leader, Bill Shorten backing such a move while continuing his calls for a...

Life/Risk

The Budget has proposed to only allow new plant and equipment assets and items added to an investment property to be depreciated....

Policy & Regulation

Vertical integration in the financial services industry will be the subject of scrutiny by the Productivity Commission....

Policy & Regulation

Licensees providing holistic advice will be hit harder than those focused on general and wholesale advice under the Government’s new industry funding proposals for the Au...

Financial planning

The Financial Planning Association’s bid to become a code-monitoring body has taken another step with the appointment of two senior lawyers to oversee its Conduct Review ...

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 month 2 weeks ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

2 months 1 week ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

2 months 2 weeks ago

ASIC has canceled the AFSL of Sydney-based asset consultant and research firm....

2 weeks 2 days ago

The Reserve Bank of Australia has announced its latest interest rate decision following this week's monetary policy meeting....

3 weeks 4 days ago

ASIC has banned a Melbourne-based financial adviser for eight years over false and misleading statements regarding clients’ superannuation investments....

4 days ago
moneymanagement logo