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SENATE ECONOMICS COMMITTEE
Financial planning
The Senate Economics Reference Committee has referred an inquiry into improving the Australian retirement system including insurance options, financial advice and product...
Financial planning
ASIC has been rapped for ignoring multiple tip-offs about the $180 million Courtenay House Ponzi scheme, waiting four years to take regulatory action. ...
Policy & Regulation
ASIC has unequivocally rejected claims that it tried to undermine a Senate inquiry by requesting public interest immunity for certain questions....
Policy & Regulation
A Senate committee has called into question ASIC deputy chair Karen Chester's capacity to serve amid “mixed” evidence presented to a Senate committee regarding alleged m...
Funds management
The final report into Sterling Income Trust has concluded the regulator displayed a “lack of concern” and its failure to take proactive action mean it is unlikely regulat...
Financial planning
Some of the major banks may have exited their wealth businesses but that has just meant that bank staff are now promoting the financial services products of the companies...
Superannuation
Thirteen superannuation funds have been confirmed as exiting the industry under pressure from the Australian Prudential Regulation Authority....
Superannuation
The Senate Economics Committee has been told billions of dollars is being lost to super fund members by miscreant employers ready to hide behind the shield of privacy....
MARKET INSIGHTS
Never miss the latest news and developments in wealth management industry
Podcast
My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...
Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...
How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...