News

• Penalties must “inject fear” into would-be white collar criminals 27/03/2014

  In his opening address at the 2014 annual forum, ASIC’s chairman emphasised the need for the commission’s penalties to inject fear into any potential law-breakers read more

• Grandfathering to be separated from frozen FoFA regulations? 27/03/2014

  If the FPA has its way, the proposed grandfathering of existing remuneration from the ban on conflicted remuneration could be separated from the now-frozen FoFA regulations read more

• Separate advice and products: director of winning firm 27/03/2014

  A director at the NSW wealth advisory practice of the year says the professionalisation of financial advice can only be reached by a complete separation of advice and products read more

• NAB restructure sees JANA and MLC merge 27/03/2014

  National Australia Bank has just announced its decision to bring together JANA and MLC Investment to create a world class investment research, advisory and portfolio management business read more

• Deceptive businessman banned for life by ASIC 26/03/2014

  A former authorised representative has been permanently banned by ASIC after an investigation found he had engaged in misleading and deceptive conduct read more

• Australia on fast track to miss out on massive Chinese growth 26/03/2014

  New research pegs the Chinese RMB as the key international reserve currency within a decade, but current Australian rules could see those in wealth management down under miss out read more

• ASIC and APRA clarify MySuper approach in joint letter 26/03/2014

  In response to industry concerns and confusion, ASIC and APRA have band together to clarify the roles of each in regards to superannuation products read more

• Five minutes with…Lisa McCallum, OneVue 26/03/2014

  OneVue COO Lisa McCallum discusses her love of golf, roast dinners and what the industry can do better read more

• Finance minister freezes FoFA regulations 25/03/2014

  The new kid on the FoFA block has just announced that he will be freezing the planned tabling of the regulations in order to further consult with key stakeholders read more

• Could this be the end for advisers? 25/03/2014

  A major new study has revealed that there is almost a 60% chance that personal financial advisers will be replaced by machines using complex algorithms in the next two decades read more