ASIC calls on industry to improve oversight of Choice super performance and address issues

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An ASIC review has called out the risk to retirement outcomes for Australians, of holding their superannuation in persistently underperforming options, and called on super trustees, financial advisers, and financial... Read more continue reading

Mandatory climate reporting proposal likely to hit roadblocks

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The proposal requiring financial services businesses and managed funds to include climate metrics in their financial reporting is leading to complications, particularly around consistency in reporting standards, says Zenith Investment... Read more continue reading

Investment Trends acknowledges the Government’s response to the Quality of Advice Review

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Investment Trends acknowledges the government’s final response to the Quality of Advice Review (QAR). The roadmap titled “Delivering Better Financial Outcomes” is designed to increase the availability and affordability of... Read more continue reading

Reforms a bold step towards making advice more accessible and affordable 

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AMP welcomes the Government’s comprehensive roadmap for financial advice reform, which will expand the delivery of advice to millions more Australians. It will make a meaningful difference to the lives... Read more continue reading

DASH backs QAR SOA reform, opens door for innovation and client centricity

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DASH Technology Group has welcomed the final tranche of reforms brought forward by Minister Stephen Jones on Thursday 7 December, addressing the delivery of advice via the removal of a... Read more continue reading

Zurich welcomes advice reforms

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Zurich Financial Services Australia (Zurich) has welcomed the announcement by the Assistant Treasurer to expand access to quality and affordable advice across the financial services sector. Justin Delaney, Chief Executive... Read more continue reading

AFCA welcomes banks’ scams accord

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The Australian Financial Complaints Authority (AFCA) has welcomed the announcement of a scams prevention accord by Australian banks. “We have been calling for stronger action and for a consistent approach... Read more continue reading

BTC Markets CEO Caroline Bowler Responds to DOJ announcement

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Yesterday’s announcement regarding the settlement agreement between the Department of Justice (DOJ) and Binance, reminds everyone in the space about the fundamental ethos of Bitcoin and crypto. Bitcoin was conceived... Read more continue reading

ASIC announces 2024 enforcement priorities

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ASIC has announced its enforcement priorities for 2024[1], indicating its enforcement focus for the coming year and communicating its intent to industry and stakeholders. In 2024, two new priorities have... Read more continue reading

New Commissioners commence at ASIC

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ASIC Chair Joe Longo has welcomed the commencement of new Commissioners Simone Constant and Alan Kirkland, who began their five-year terms yesterday. In August the Treasurer announced the appointment of... Read more continue reading