regulation

Superannuation

The Federal Government has moved to eliminate mistakes and oversights from its retirement income covenant at the same time as extending the deadline for funds introducing...

Financial planning

Dishonest adviser sent to prison

Dishonestly using his position to gain benefits in the amount of $800,000 has seen a former Gold Coast financial adviser sentenced to two-and-a-half years in prison by th...

Policy & Regulation

Standing Committee warned of “inequity” of ALP’s dividend reform

Labor’s proposed franking credits reforms are “flawed, inequitable and fail to meet the policy intent of improving the integrity of dividend imputation for all tax payers...

Policy & Regulation

Planner warns on franking credits policy fallout

A senior South Australian financial planner has warned a Parliamentary Committee that middle-class retirees will be most affected by the Federal Opposition’s franking cre...

Policy & Regulation

Despite everything, people still trust their banks

New research from Deloitte has revealed that, despite everything that has been heard at the Royal Commission, most people still trust their banks....

Policy & Regulation

Finance compliance and risk roles on the rise: SEEK

SEEK data has shown that the Royal Commission has led to a direct increase in compliance and risk roles being mandated by clients across all sub-segments of the financial...

Policy & Regulation

Life insurer claims data provision made mandatory

Life insurance companies are now under a legal obligation to provide consistent data on claims and disputes to the Australian Prudential Regulation Authority and the Aust...

Financial planning

Advice carve-outs undermine RC findings, says ISA

Industry Super Australia has accused the Government of caving into the retail banks and the wealth management sector in allowing ‘carve-outs’ from the design and distribu...

Policy & Regulation

New research counters Labor’s negative gearing claims

New research commissioned by building industry group, Master Builders Australia has pointed to significant economic damage resulting from the Federal Opposition’s policie...

Features

Financial services take to the stand

In a year in which few sectors of financial services have avoided the eagle eye of Commissioner Kenneth Hayne and his counsels assisting, Hannah Wootton investigates what...

Features

More planner compliance paperwork looms

Mike Taylor writes that planners should brace themselves for the additional compliance burden resulting from the looming passage of the Treasury Laws Amendment (Design an...

Policy & Regulation

Poor breach reporting a lead indicator for ASIC embedding

The Australian Securities and Investments Commission has signalled that financial institutions with a poor breach reporting record are likely to find themselves dealing w...

SMSF

SMSF policy changes put pressure onto trust deed updates

Following a period of significant change for self-managed superannuation fund policy, trustees and their advisers should remember to review trust deeds, weathdigital has ...

Policy & Regulation

ACCC identifies as fin services ‘competition champion’

The Australian Competition and Consumer Commission has told a key parliamentary committee it is funded and empowered to be the financial services “competition champion”....

Policy & Regulation

Australian open banking at “significant risk,” Trade Ledger says

The global corporate lending platform has warned the Federal Government of substantial weaknesses in its proposed Open Banking implementation plan....