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Policy & Regulation
The four recommendations being legislated relate to mortgage brokers, consumer protection, and insurance contracts....
Financial planning
IOOF appears to have contained the fall-out from an end to grandfathering and threats to life/risk commissions because of its ‘self-employed advice model’....
Financial planning
The Australian Securities and Investments Commission has signalled its intention to fully implement Commissioner Hayne’s 12 recommendations to the regulator. ...
Policy & Regulation
Industry superannuation funds have welcomed the Royal Commission’s final report, but financial planning groups are concerned about the outcome for their members....
Financial planning
The Australian Securities and Investments Commission has taken court action against Advanced Wealth Financial Services and Richard Gardner....
Superannuation
BT Financial Group has welcomed the release of the Productivity Commission’s final report into Australia’s superannuation system....
Policy & Regulation
The chairman of National Australia Bank, Ken Henry has told the Royal Commission it should consider allowing banks to remediate customers without first seeking permission...
Funds management
The big four banks have moved into the red over the past week, with Westpac falling just under nine per cent....
People & Products
Zurich Insurance Group has launched a research program in conjunction with the Smith School of Enterprise and the Environment at Oxford University. ...
Policy & Regulation
The prudential regulator has announced the terms of reference for a review of its enforcement strategy....
Superannuation
Despite suggestions it had shelved its push for majority independent directors on superannuation fund boards, the Government has made clear the issue remains very much al...
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...
Financial planning
Commonwealth Financial Planning has sought an extension of time from the independent expert appointed to oversee the outcome of its enforceable undertaking (EU) over fees...
Policy & Regulation
The new ombudsman vows to “proactively work with consumers, small business and the financial services sector to resolve and reduce financial disputes”....
Financial planning
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has highlighted a toxic sales culture and a failure to regulate wrongd...
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Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...