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Showing 891 - 900 of 1799 results for "Regulation 2015"

APRA confirms MySuper non-confidentiality rules

JAMES FERNYHOUGH  |  THURSDAY, 2 OCT 2014
The Australian Prudential Regulation Authority (APRA) will treat MySuper product data as non-confidential, following a period of industry consultation. APRA said the industry "generally supported" APRA's proposal to treat data as non-confidential if ...

Extend MySuper to retirement: ASFA

JAMES FERNYHOUGH  |  TUESDAY, 30 SEP 2014
Regulation of superannuation should be designed for the whole of life, incorporating accumulation and retirement, if there is to be stability and product innovation, according to the Association of Superannuation Funds of Australia (ASFA). In its submission ...

AAP adds five boutique firms in a month

LAURA MILLAN  |  MONDAY, 29 SEP 2014
Centrepoint-owned Associated Advisory Practices (AAP) has seen five boutique licensees join in August, and an increase in inquiries from advisers looking to move away from institutions. AAP now services more than 200 licensees with about 900 authorised ...

Global re-regulation takes shine off investment banks

ALEX DUNNIN  |  MONDAY, 29 SEP 2014
Financial sector stocks are often seen as a safe investment with almost no downside regardless what happens to the world economy, but global re-regulation of finance is causing investment strategists to question whether the tide is turning. The re-regulation  ...

Coalition Senators head-to-head over FoFA

LAURA MILLAN  |  FRIDAY, 26 SEP 2014
The government's reforms to the Future of Financial Advice (FoFA) could be disallowed by Nationals' Senator John Williams after he staged a parliamentary confrontation against Finance Minister and Liberal Senator Mathias Cormann. The Senate Standing ...

FSC advice regulation plan leaves AMP cold

LAURA MILLAN  |  THURSDAY, 25 SEP 2014
The Financial Services Council (FSC)'s recently proposed advice regulation plan lacks the support of one of its biggest members. AMP has said it does not believe in a regulatory solution to restore consumer confidence and trust in financial advice ...

Hockey accuses Labor of making "a mess" of FoFA

LAURA MILLAN  |  THURSDAY, 25 SEP 2014
Treasurer Joe Hockey has lambasted the Labor party for "complaining about its own laws" and making "such a mess of the entire crisis of financial advice." Hockey accused Shadow Treasurer Chris Bowen of being "too busy in engaging with unfair dismissal ...

FPA rejects FSC adviser regulation plans

ALICE URIBE, LAURA MILLAN  |  WEDNESDAY, 24 SEP 2014
The Financial Planning Association (FPA) has rejected the Financial Services Council's (FSC) proposal to establish a statutory, independent board to oversee advice, saying that there was no need for further regulation, with the mooted board simply "reinventing ...

Advice associations under conflict of interest on professionalism: ASIC

LAURA MILLAN  |  TUESDAY, 23 SEP 2014
Advice industry self-regulation is not an appropriate model to increase professionalism in the financial advice industry, as associations have "an inevitable conflict of interest," the Australian Securities and Investments Commission has argued. "Industry ...

Tight regulation getting in the way of digital advice: Minter Ellison

LAURA MILLAN  |  MONDAY, 22 SEP 2014
Advisers are being prevented from using sophisticated online tools to provide tailored information to their clients due to tight regulation, and instead can only use simple tools, Minter Ellison said. "While [the Australian Securities and Investments ...