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Regulatory

Group insurance reforms to be tabled

JAMIE WILLIAMSON  |  WEDNESDAY, 20 FEB 2019
Legislative reforms that will see group life insurance offered to under-25 year olds and those with low account balances on an opt-in basis will be tabled in Parliament today.

Accountant banned for bad SMSF advice

HARRISON WORLEY  |  TUESDAY, 19 FEB 2019
A Gold Coast accountant has been banned from providing financial services for three years, after agreeing to a court enforceable undertaking with ASIC.

Actuaries Institute welcomes retirement income reforms

JAMIE WILLIAMSON  |  TUESDAY, 19 FEB 2019
The Actuaries Institute has welcomed the Government's action on Comprehensive Income Products for Retirement, including the requirement for all superannuation funds to offer a retirement income strategy.

Royal Commission recommendations split industry

KARREN VERGARA  |  MONDAY, 18 FEB 2019
Commissioner Kenneth Hayne's final recommendations received a mixed reaction in Financial Standard's latest spot poll.

ASIC appeals Westpac Federal Court decision

JAMIE WILLIAMSON  |  MONDAY, 18 FEB 2019
The corporate regulator is appealing last year's landmark Federal Court decision, determined to prove two Westpac subsidiaries provided personal financial advice despite not being licensed to do so.

Adviser asked to cover regulator costs

KANIKA SOOD  |  MONDAY, 18 FEB 2019
The Queensland Supreme Court has issued orders against a man who ran an unlicensed advice business and collected kickbacks on investment properties he recommended to his SMSF clients.

Industry funds wary of stapling default members

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
Kenneth Hayne's recommendation that every Australian have only one default superannuation account over their lifetime doesn't get a complete green tick from industry funds.

Government carves out super deal

HARRISON WORLEY  |  FRIDAY, 15 FEB 2019
The Government's signature superannuation legislation passed through the Senate, but not without victims.

Government moves on Royal Commission super recommendations

HARRISON WORLEY  |  WEDNESDAY, 13 FEB 2019
The Federal Government has amended the SIS Act and some of its superannuation bills to include recommendations made in the Royal Commission's final report.

Former Macquarie advisers have bans reduced

JAMIE WILLIAMSON  |  TUESDAY, 12 FEB 2019
Two former Macquarie financial advisers that were banned for 10 years for falsifying client records have had their penalties substantially reduced by the Administrative Appeals Tribunal.