IOOF appoints independent reviewer
DARREN SNYDER  |  TUESDAY, 1 JAN 2019
APRA's licence conditions imposed on IOOF require the wealth manager to begin 2019 with the appointment of an independent reviewer who will report to the regulator quarterly.
APRA lifts interest-only restrictions
HARRISON WORLEY  |  FRIDAY, 21 DEC 2018
Australia's banks can now move back into interest-only lending, and their peak industry body says competition will increase as a result.
Ten stories that defined the Royal Commission
HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
Need a Royal Commission refresh? Here are the top stories you needed to know in 2018.
Former adviser charged over super theft
JAMIE WILLIAMSON  |  WEDNESDAY, 19 DEC 2018
A former financial adviser was charged with 20 dishonesty offences after stealing clients' superannuation savings for his own use.
ASIC sharpens focus on managed accounts
KARREN VERGARA  |  TUESDAY, 18 DEC 2018
ASIC will keep a closer eye on managed accounts in 2019, which will involve scrutinising the financial advice provided in more detail.
ASIC cans advice business AFSL
JAMIE WILLIAMSON  |  TUESDAY, 18 DEC 2018
A boutique financial advice business has had its AFSL cancelled for failing to adequately manage conflicts of interest after clients were advised to invest their superannuation in the practice.
MYEFO: Regulatory funding increases, Budget surplus doubles
DARREN SNYDER  |  MONDAY, 17 DEC 2018
The 2019 Federal Budget is projected to deliver a $4.1 billion surplus, up from the $2.2 billion estimate in this year's Budget. Financial services regulators have also received increased funding in the government's Mid-Year Economic and Fiscal Outlook ...
ASIC goes to court seeking AMP documents
KANIKA SOOD  |  MONDAY, 17 DEC 2018
ASIC is seeking an order from the Federal Court to compel Clayton Utz to produce AMP documents that have been withheld from the corporate regulator to date.
Super a money laundering target: AUSTRAC
HARRISON WORLEY  |  MONDAY, 17 DEC 2018
Australia's money laundering watchdog is warning superannuation funds they are serious targets for financial criminals, and provided advice on how to avoid getting stung.
Labor pledges tougher unpaid super penalties
KARREN VERGARA  |  MONDAY, 17 DEC 2018
Labor is promising to crack down on "dodgy" employers that underpay or fail to pay superannuation with tougher penalties if it comes to power.
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