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Regulatory

ASIC investigating false fees in large advice firms

ALEX BURKE  |  THURSDAY, 16 APR 2015
As part of its ongoing Wealth Management Project, ASIC is investigating instances of advice fees being charged without advice in large financial planning firms.

Frydenberg sets fuse on Trowbridge time bomb

MARK SMITH  |  WEDNESDAY, 15 APR 2015
Assistant Treasurer Josh Frydenberg has started his countdown for the risk advice industry to get its house in order before the government takes action - and the industry doesn't have long.

FOS decries unpaid compensation

DARREN SNYDER  |  TUESDAY, 14 APR 2015
The Financial Ombudsman Service believes a limited compensation scheme is the missing piece from regulatory discussions and suggested improvements in Australia's financial system.

Retirement income committee to launch in June

ALEX BURKE  |  FRIDAY, 10 APR 2015
The first Sustainable Retirement Incomes Leadership Forum will take place on June 2, launched by the Committee for Sustainable Retirement Incomes.

Hockey sounds tax alarm bells

ALEX BURKE  |  THURSDAY, 9 APR 2015
Following the release of the Tax Discussion Paper, Treasurer Joe Hockey has restated the dangers of an outdated taxation system.

Fintechs issued AFSL warning

MARK SMITH  |  THURSDAY, 9 APR 2015
Some financial technology (fintech) businesses may be unwittingly providing financial services without an Australian Financial Services Licence (AFSL) or Australian Credit Licence (ACL), putting themselves in breach of the law and opening themselves ...

Treasury invites submissions to draft MIT tax changes

MARK SMITH  |  THURSDAY, 9 APR 2015
Treasury is inviting submissions on proposed changes to the tax system for managed investment trusts, which are aimed at improving the international competitiveness of Australian managed funds.

ASIC to investigate AUD spike

ALEX BURKE  |  WEDNESDAY, 8 APR 2015
ASIC is investigating a suspicious spike in the Australian dollar that occurred seconds before the RBA announced it was keeping cash rates on hold at 2.25%.

Regional banks call for FSI reforms without delay

DARREN SNYDER  |  WEDNESDAY, 8 APR 2015
Australia's four leading regional banks raised three key issues in their submission to the federal government's Financial System Inquiry Final Report recently.

FSI must lift value in super system: AVCAL

DARREN SNYDER  |  WEDNESDAY, 8 APR 2015
Australian Private Equity and Venture Capital Association Limited (AVCAL) has called on the federal government to lift the value of Australia's superannuation system and retirement incomes.