POLICY

Policy & Regulation

Westpac has admitted breaching its responsible lending obligations when providing home loans, and agreed to a $35 million civil penalty to resolve Federal Court proceedin...

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Policy & Regulation

The Royal Commission has been asked to consider whether, by dealing with banks and financial services institutions via press releases and enforceable undertakings rather ...

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Policy & Regulation

The regulator has called on businesses to submit some operational information before 27 September 2018 as part of industry funding arrangements introduced last year....

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Policy & Regulation

The Royal Commission has acknowledged that the Australian Securities and Investments Commission wants more powers but has questioned whether it has ever used all the powe...

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Policy & Regulation

The Full Federal Court has handed down its judgment in the appeal by Aussiegolfa Pty Ltd, finding there was no breach of the sole purpose test. ...

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Policy & Regulation

ASIC has approved the Australian Banking Association’s new Banking Code of Practice following an independent review and stakeholder consideration....

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Financial planning

The latest draft of the Government’s new legislation covering financial product design and distribution rules have confirmed the heavy obligations which will be carried b...

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Policy & Regulation

The Government has established a Phoenix Hotline to combat the phoenixing activity of dishonest directors and their companies. ...

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Policy & Regulation

Wodonga financial planner Neil John Evans pleads guilty to vote-rigging in the director elections for WAW Credit Union Co-Operative....

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Policy & Regulation

David Gonski will today launch the 30% Club’s 30% Surge for Diversity campaign, aimed at building on momentum to achieve 30 per cent female representation on ASX 200 boar...

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Policy & Regulation

The Minster for Revenue and Financial Services claims 40 per cent of SMSFs will be hit by the Federal Opposition’s proposed changes to dividend imputation....

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Policy & Regulation

The Australian Prudential Regulation Authority has signalled its caution with respect to Financial Services Council lobbying for insurers to be allowed to mortgage the as...

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Policy & Regulation

The Australian Financial Complaints Authority will come into being next year following the passage of the necessary legislation through the Senate with minor amendments....

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Life/Risk

The Financial Services Council has claimed that ridding the life/risk sector of legacy products could save at least $94 million....

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Financial planning

A Government-backed Australian Securities and Investments Commission consultation paper has revealed the degree to which planners and planning firms will pay more for lic...

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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 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 1 hour 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