Government forces crypto into the regulatory fold
Concerned by collapses of crypto platforms both here and abroad, the government has put forward a plan to bring digital asset platforms into the Australian...
AMP spending goodwill it doesn't have with BOLR pushback
AMP's executive spine has done a remarkable job of arresting the company's decline, but its refusal to accept the court's decision that it shortchanged...
ASIC warns licensees to improve 'inappropriately narrow' remediation practices
After publishing two separate guides and with the Financial Accountability Regime firmly in mind, the regulator was scathing of licensees' collective...
90% of FPA, AFA members have renewed with FAAA since merger
Of the 8,946 practitioner advisers who belonged to either industry group before their April merger, 8,093 have renewed their membership with the merged entity....
Education carve-out should come with separate adviser designations
An approved degree doesn't necessarily make for a better adviser, but if the government wants to get the experienced pathway legislation right it must disclose...
'Micro AFSLs' surge as dealer group models lose grip on advice licensing
The quantum of licensees may be growing, but none of that growth is coming from the big end of town. Advice groups are increasingly eschewing larger groups and...
Advice review outcome a boon for consumers, not just advisers: SMSF Association
A principled approach to advice regulation is clearly the way forward for advisers, Neil Sparks says. But what's missing in the discussion is how beneficial...
Regulators skewer super funds for slow progress on retirement income covenant
A joint review conducted by ASIC and APRA was scathing of funds' collective attempts to meet their new legal obligation to help fund members plan for...
Jones grilled by Queensland advisers on QAR and skyrocketing advice levy
The minister was peppered with questions about phases 1 and 2 of the the government's advice review response, as well as specialist accreditation and data...
'Unconscionable conduct': AMP lambasted in first round of BOLR battle
The judge was satisfied that Equity suffered "loss and damage" as a result of AMPFP's breach of contract, while the language used for the licensee's treatment...
Review into ASIC funding model recommends levy discount cut and... another review
While finding that more research is needed to determine if the "definitions, metrics and formulas" used to calculate levies remain...