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Regulatory

Australian economic fundamentals solid: Swan

CLAIRE MCGREAL  |  WEDNESDAY, 25 JAN 2012
Treasurer Wayne Swan has moved to reassure Australians in the wake of the International Monetary Fund's latest gloomy outlook for the world economy.

AMP: FOFA needs a rigorous stocktake

CLAIRE MCGREAL  |  TUESDAY, 24 JAN 2012
AMP has come down hard on the government's draft FOFA legislation, saying the Bill as it stands had "so many problems" a "rigorous stocktake" was needed.

PJC concedes FOFA amendment may be warranted

MELANIE TIMBRELL  |  TUESDAY, 24 JAN 2012
Insurance advice issued inside and outside superannuation needs to be treated in the same manner, the Parliamentary Joint Committee on Corporations and Financial Services heard today.

FOFA moderate and reasonable: ISN

CLAIRE MCGREAL  |  TUESDAY, 24 JAN 2012
Head of the Industry Super Network David Whiteley has contested claims that the proposed FOFA legislation would cost the industry thousands of jobs.

ASIC warns against security breaches

ELISE BURGESS  |  MONDAY, 23 JAN 2012
Online stockbroking firms have been warned to check their security after ASIC reported a number of account breaches.

MLC cuts PDS down on flagship products

ELISE BURGESS  |  WEDNESDAY, 18 JAN 2012
In accordance with the Government's June 22 deadline, MLC has cut the PDS for two of its flagship products to the required eight-page short-form after already releasing a short-form PDS for its MLC MasterKey Business Super in November last year.

Govt releases final issue of investment manager regime

ELISE BURGESS  |  FRIDAY, 16 DEC 2011
Australia's $1.8 trillion funds management sector has received its third and final investment manager regime from the Government, designed to attract more foreign capital and help build Australia's reputation as a financial services centre.

Accountant charged with 37 offences

ELISE BURGESS  |  THURSDAY, 15 DEC 2011
Victorian accountant and LGH Holdings director, Mark Ronald Letten, is facing 37 charges including 21 counts of operating unregistered managed investment schemes and deception charges involving $1.4 million.

ASIC, ACC crack investment scam

ELISE BURGESS  |  WEDNESDAY, 14 DEC 2011
A task force between police, ACC and ASIC has closed in on an investment scam in QLD which has been coercing investments from consumers under a company name of West Trade or Atlas Lead Generation.

Super assets take a hit in September

CLAIRE MCGREAL  |  FRIDAY, 9 DEC 2011
Total super assets grew by 2% to $1.28 trillion in the year ending September 30, despite a drop of just under $50 billion in assets during that month alone.