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Regulatory

Life insurance complaints down: FOS

JAMIE WILLIAMSON  |  FRIDAY, 6 OCT 2017
Disputes surrounding investments, advice and life insurance accounted for 9% of all disputes accepted at the Financial Ombudsman Service of Australia last financial year.

Former Financial Wisdom adviser banned

EMMA RAPAPORT  |  FRIDAY, 29 SEP 2017
A former authorised representative of Financial Wisdom has been permanently banned from providing financial services.

Advisers face tax registration risk

EMMA RAPAPORT  |  FRIDAY, 29 SEP 2017
About one-fifth of financial advisers are at risk of being unable to legally charge for the tax advice they provide according to the Tax Practitioners Board.

UK regulator increases support for new starters

JAMIE WILLIAMSON  |  FRIDAY, 29 SEP 2017
As part of its crusade to increase competition in the UK's asset management sector, the Financial Conduct Authority will establish a hub to assist new entrants to the industry.

Industry body questions AFCA funding model

EMMA RAPAPORT  |  THURSDAY, 28 SEP 2017
Funding of the newly established Australian Financial Complaints Authority must be fairly distributed across the financial services industry to reflect the accountability of each sector.

ASIC adds life insurance to school curriculums

KARREN VERGARA AND JAMIE WILLIAMSON  |  THURSDAY, 28 SEP 2017
ASIC is ramping up its financial literacy initiatives that plans to incorporate life insurance in curriculums across primary and secondary schools.

BEAR cracks down on executive pay

KARREN VERGARA  |  MONDAY, 25 SEP 2017
The Banking Executive Accountability Regime draft legislation could force banks to defer a large portion of executives' remuneration if they breach accountability obligations.

More time needed for TBAR transition: SMSFA

JAMIE WILLIAMSON  |  MONDAY, 25 SEP 2017
The SMSF Association is calling on the Australian Taxation Office to give SMSF trustees more time to adjust to the new Transfer Balance Account Report requirements, echoing member sentiment.

CBA climate risk court case abandoned

JAMIE WILLIAMSON  |  FRIDAY, 22 SEP 2017
Shareholders attempting to take the Commonwealth Bank to the Federal Court for historically failing to disclose climate change risks in its annual reports have withdrawn the claim.

Labor rejects ASIC chair nominee

ALEX BURKE  |  WEDNESDAY, 20 SEP 2017
Shadow Treasurer Chris Bowen slammed the Turnbull Government's decision to proceed with its nomination for ASIC's next chair.