ASIC to ‘fully implement’ Hayne recommendations :

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HUB24 attracts more than 1,400 advisers, FUA hits $10bn
The investment and superannuation platform has revealed details of its new offering for advisers after reaching a funds under administration milestoneRead more
ASIC refusal of licence upheld by tribunal
The Administrative Appeals Tribunal has affirmed ASIC’s decision to refuse an Australian Financial Services Licence to an applicant. Write cRead more
Trail commissions ‘forgotten’ by finance industry, says broker
The finance industry has “forgotten” the reasons for paying an upfront and trail commission, according to the head of a major brokerage firm. Read more
FASEA code of ethics unclear, says AFA
The Association of Financial Advisers argues a lack of clarity within the Financial Adviser Standards and Ethics Authority’s code of ethics, saying Read more
Sustainable development goals to feature in 2019
A global asset manager predicts 2019 will see more investing according to sustainable development goals, and is something that will provide new perspeRead more
Beacon under investigation for over a year
Court documents seen by ifa reveal the extent of ASIC’s investigation into Beacon Financial Group and clarified how its directors spent the moneyRead more
Fintech space set to grow in 2019
The Australian fintech industry is due for strong growth over the next year, with platforms one of the most active areas for financing, according to aRead more
FUM rises $86.4bn over the last year
An analysis has found that funds under management has grown 11.2 per cent to $859.9 billion over the year to September 2018. Write comment (0Read more
Advice burdens and ‘minimal' client benefit noted under AFCA
The new Australian Financial Complaints Authority is likely to provide little in terms of benefit to clients and just adds an extra burden to firms, aRead more
Hayne commission impact stretching to New Zealand
A financial services professional has noted that the effects of the Hayne royal commission have been flowing over to New Zealand, despite the systemicRead more
Federal Court delivers verdict on Westpac best interests case
The Federal Court has made a decision on a case more than two years after ASIC began proceedings against two Westpac subsidiaries for failing to complRead more
ACCC assesses ‘tobacco-free’ designation for managed funds
Australia’s competition watchdog is considering an application for a certification trademark informing potential investors that a fund manager or fiRead more
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