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| | | A parliamentary inquiry into Australia's audit sector has been launched following PwC's tax leak scandal. Undertaken by the Joint Standing Committee on Corporations and Financial Services, Senator Deborah O'Neill advised the inquiry will ... |
| | | | Greenhushing - in which companies stop all voluntary disclosure of ESG information - is just another form of greenwashing, according to ASIC chair Joe Longo. In a public speech, Longo provided additional context to the market regulator's focus on ESG ... |
| | | | ... to give an indication of maturity as well." Instead, ART uses data to analyse cumulative sales over time, as well as reference rates in the retirement income product and how much members actually allocate to the product. "Given that innovative retirement ... |
| | | | ... to accept or reject what is offered according only to whether the customer trusts and often the customer does that by reference only to the suppliers' reputation," he said. Hinting at the possibility of inherent conflicts of interest that still play ... |
| | | | The government has handed down its plan to regulate buy now, pay later (BNPL) providers and products under the Credit Act to strengthen consumer outcomes. Historically, BNPL schemes have been exempt from tough regulation as they do not charge interest ... |
| | | | The court case against Mercer Superannuation for allegations of greenwashing is "just one of the investigations on foot", ASIC chair Joe Longo said. "We will do what we need to do to make sure entities are not misleading the market" on greenwashing ... |
| | | | ... the concessional tax rate for superannuation balances over $3 million was a "supersized broken election promise." In reference to the proposed changes, Taylor also dismissed the notion that only a limited number of people would be affected, stating such ... |
| | | | ... SMSF risks and the importance of seeking professional advice. "The Association is very pleased to see such a prominent reference to the need for financial advisers to have specialist knowledge about SMSFs before providing advice and the important need ... |
| | | | ... that they should expect a reasonable return on their investment in their qualifications, skills and expertise. This reference to the ethos of the market and professionals subordinating self-interest does not align with reality," he said. While Anderson ... |
| | | | According to social researcher Michael McQueen, the trends that will be game changers, not just for financial planners but for the world at large, is the acceleration of artificial intelligence, the reworking of work, and the post-millennial era. "In ... |
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