REGULATION

Policy & Regulation

The Federal Government has been urged to ensure grandfathering for existing annuities holders if it implements changes to the Age Pension means testing rules....

Policy & Regulation

ASIC has permanently banned a New South Wales financial adviser from providing financial advice, following a finding that he dishonestly charged clients almost $67,000 in...

Policy & Regulation

The Federal Treasurer, Scott Morrison, has cited the impending passage of the Bank Executive Accountability Regime when discussing the appointment of a new Commonwealth B...

Policy & Regulation

The Fold Legal has proposed that the definition of control under the Corporations Act be restricted, despite an Australian Securities and Investments Commission taskforce...

Policy & Regulation

Australian banks may be particularly susceptible to fake news because of the negative perceptions already existing amongst consumers....

Financial planning

Ten per cent of advice files from the major banks and AMP sampled by the Australian Securities and Investments Commission proved to be of significant concern....

Policy & Regulation

While funds are complying with the Australian Securities and Investments Commission’s requirements for fee disclosure in product disclosure statements, they are providing...

Policy & Regulation

Financial services firms need to prepare evidence early and consider their policies and procedures ahead of the Royal Commission into misconduct in the banking, superannu...

Financial planning

Kimberley Holgate has been banned from providing financial services for five years by the Australian Securities and Investments Commission, following a finding by the reg...

Policy & Regulation

Suncorp and Allianz have been obliged to make refunds to customers worth millions of dollars after being found to have offered so-called ‘add-on’ insurance of little or n...

Policy & Regulation

Superannuation funds and other financial services organisations will have to account for the decade starting 1 January, 2008, as they seek to address pointed questioning ...

Policy & Regulation

An adviser who directed client fees to his own account has been permanently banned by the Australian Securities and Investments Commission....

Superannuation

The Australian Prudential Regulation Authority has told superannuation funds they need to more clearly explain where and why they are spending members’ money, particularl...

Policy & Regulation

The Commonwealth Bank of Australia has admitted to a major breach of Australian money laundering regulations in the wake of AUSTRAC’s investigation....

Life/Risk

The Australian Securities and Investments Commission appears to have been successful in persuading a key Parliamentary Committee of its view on life/risk advice and lapse...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

4 weeks ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 3 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

2 weeks 6 days ago