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REGULATION
Financial planning
Two former senior executives of Benjamin Hornigold Limited have been charged with dishonest breach of duties and misleading the ASX....
Policy & Regulation
The prudential regulator has opted to maintain its macroprudential settings, citing a “high degree of uncertainty” in the economic outlook. ...
Financial planning
Recommendations like the removal of SOA requirements and embracing digital advice have been strongly endorsed by industry groups, who state this is ‘the time for bravery’...
Financial planning
In her recommendations in the Quality of Advice Review, Michelle Levy has stayed the course to do away with Statement of Advice requirements....
Editorial
There’s room for improvement with advice documents and advisers have made suggestions that could save time and effort while enhancing consumer comprehension....
Financial planning
The Australian Institute of Superannuation Trustees has advocated for banning unsolicited calls to consumers from advisers and financial planning businesses. ...
People & Products
The corporate regulator has confirmed the looming departure of a commissioner, set to join global investment management company Vanguard....
Policy & Regulation
Multiple permanent bans to advisers were handed out by the corporate regulator in the last year....
Financial planning
As the year winds up, Money Management looks at the financial advisers that faced charges by the corporate regulator in the second half of 2022. ...
Policy & Regulation
ASIC senior executive leader, Leah Sciacca, has reiterated the corporate regulator “encourages tech and innovation” in the financial services industry. ...
Policy & Regulation
The Treasury is seeking feedback from the public on regulatory frameworks for buy now, pay later arrangements. ...
Funds management
It is important to ensure that technology does not drive the regulation of crypto assets or compliance could be difficult to achieve, according to the Australian Law Refo...
Expert Analysis
The UK's Retail Distribution Review took place almost a decade ago, what has the industry learnt since?...
Financial planning
The Financial Services Institute of Australasia has proposed a co-regulatory model for the financial advice industry, akin to the United Kingdom’s financial adviser space...
Policy & Regulation
The Australian Securities and Investments Commission has released its latest cost recovery implementation statement for 2021/22, providing an estimated levy for financial...
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MARKET INSIGHTS
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...