Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Regulatory

Regulation compounds hedge fund woes

MARK SMITH  |  TUESDAY, 4 DEC 2012
The overwhelming majority of investors believe increased regulation for hedge funds don't protect investor interests and won't prevent the next financial crisis, according to an annual survey by Ernst & Young.

Draft regulation released for Accountant Exemption

BEN COLLINS  |  THURSDAY, 29 NOV 2012
Draft regulations were released yesterday by the Minister for Financial Services and Superannuation that could see accountants provide more financial advice if it passes into law.

Actuaries Institute gives guidance on FCRs

MARK SMITH  |  WEDNESDAY, 28 NOV 2012
The Actuaries Institute has released guidance for Financial Condition Reports (FCRs) for superannuation funds.

New after-tax system for Qantas Super

BEN COLLINS  |  TUESDAY, 27 NOV 2012
Qantas Super will change how it manages equities with an after-tax reporting system for managers developed with Seattle-based firm Parametric.

Advisers must change mindset in face of FoFA

MARK SMITH  |  MONDAY, 19 NOV 2012
The biggest challenge for financial planners in the face of the Future of Financial Advice (FoFA) reforms is to change their mindset from one of selling products to that of providing a quality service for consumers, according to MyAdivser's Philippa ...

FATCA discussions welcomed by FSC

BEN COLLINS  |  THURSDAY, 8 NOV 2012
Formal discussions on an intergovernmental tax agreement were welcomed yesterday by the Financial Services Council.

Government should act fast on Johnson Report: FSC

BEN COLLINS  |  MONDAY, 29 OCT 2012
If the Federal Government is serious about exporting financial services to Asia, it must implement all the recommendations in the Johnson Report by 2013, said the Financial Services Council.

ASIC consults on code approval under FOFA

LINDA HAUSKEN  |  WEDNESDAY, 24 OCT 2012
ASIC has released its consultation paper on its approach to code approval and relief powers under the Future of Financial Advice (FOFA) regulations, outlining plans to take a facilitative approach to the implementation of the reforms.

ASIC cancel advice firm's AFS licence

LINDA HAUSKEN  |  MONDAY, 22 OCT 2012
ASIC has cancelled the Australian Financial Services (AFS) licence of Sydney-based Australian Performance Financial Planning, effective immediately.

IQPC conference tackles operational risk

MARK SMITH  |  MONDAY, 15 OCT 2012
The IQPC Financial Services Operational Risk and Compliance conference in early December is designed to help advisers assess risk, get the most from their budget and develop strategies to overcome the challenges posed by regulatory change.