Royal Commission

Policy & Regulation

Advisers avoid ASIC enforcement spotlight

Financial advisers were notable by their absence from the Australian Securities and Investments Commission’s latest Enforcement Update....

Financial planning

What will financial planning look like by 2030?

The post-Royal Commission financial planning landscape by 2030 will see a number of losers and winners, according to wealthdigital....

Financial planning

Risk, compliance professionals in high demand

There is more demand for risk and compliance professionals than any other role in wealth management, according to SUPER Recruiters’ executive director. ...

Features

How the banks keep the sweetest morsels

Two of the major banks may have exited their wealth businesses and two more may be on their way out, but Mike Taylor writes that they have astutely kept the sweetest mors...

Financial planning

Industry funds want relaxation of advice rules

Two major industry superannuation fund groups have signalled they are advocating for a relaxation of the rules which have “hamstrung low cost simple advice”....

Superannuation

Minimal super changes welcomed by Actuaries

A positive budget outlook should spur important long-term policy direction, according to the Actuaries Institute....

Policy & Regulation

Govt will pay unpaid FOS determinations

The Government has committed to paying unpaid Financial Ombudsman Service determinations impacting consumers and small businesses up to $30.7 million....

Superannuation

Govt canvasses raising minimum super default insurance levels

The Federal Government has issued a discussion paper canvassing lifting the minimum default levels of insurance inside superannuation as well as including total and perma...

Financial planning

FPA links commissions to fee for no service

The Financial Planning Association has restated its position on a three-year phase-out of grandfathering, claiming that commissions have led to some consumers paying impl...

Policy & Regulation

Frydenberg takes financial services prosecutions federal

The Federal Government has budgeted to break new ground by shifting financial services criminal prosecutions away from the states and into the jurisdiction of the Federal...

Policy & Regulation

ASIC and APRA already Budget winners

The Australian Securities and Investments Commission and the Australian Prudential Regulation Authority have already been identified as major funding winners from next mo...

Expert Analysis

Managing mental health in times of ambiguity: the role of leadership

Margo Lydon says positive leadership is key to managing workplace mental health issues in the wake of the financial services Royal Commission....

Editorial

Leaking billions, the banks depart wealth management

Just short of 20 years after beginning their adventure in wealth management, the major banks have all headed for the exit, leaking billions of dollars. ...

Financial planning

AFA hits Hayne on intra-fund advice failing

The Association of Financial Advisers has accused Royal Commissioner, Kenneth Hayne, of a failure to acknowledge the value of advice and a failure to understand the confl...

Policy & Regulation

IOOF faces class action

A Sydney law firm has announced a class action against IOOF based on losses to shareholders resulting from the Royal Commission and the action initiated by the Australian...