Brokers concerned about reputational damage from Royal Commission

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The vast majority of mortgage brokers are concerned about the public perception of their industry according to the results of the latest MyState Bank survey of its national broker network.... Read more continue reading

ANZ agrees to enforceable undertaking with ASIC regarding Prime Access

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ANZ Last Friday confirmed it has entered into an enforceable undertaking with the Australian Securities and Investments Commission (ASIC) after completing a review of its Prime Access fee-for-service package of... Read more continue reading

ASIC releases updated guidance on client money

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ASIC has released updated guidance for Australian financial services (AFS) licensees that hold client money for trading in over-the-counter (OTC) derivatives. The guidance coincides with the start of ASIC’s Client Money... Read more continue reading

It’s time to pay up – AISC’s new funding system

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ASIC’s new fee and levy structure, introduced on 1 July 2017 means that users now pay for most of the regulator’s costs. As of June this year, you’ll need to... Read more continue reading

Statement from Brett Clark, TAL Group CEO & Managing Director regarding PJC Life Insurance Inquiry Report

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“We welcome the release of the report from the Parliamentary Joint Committee on Corporations and Financial Services’ (PJC) following its inquiry into the life insurance industry. TAL actively participated in... Read more continue reading

ANZ welcomes parliamentary report on life insurance industry

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ANZ yesterday welcomed the final report of the Parliamentary Joint Committee (PJC) Inquiry into the Life Insurance Industry. Commenting on the PJC report, ANZ Group Executive Wealth Alexis George said:... Read more continue reading

PJC Report highlights inadequate FSC APL standard

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Pressure is mounting on the Financial Services Council (FSC) to amend its grossly inadequate Life Insurance Approved Product List (APL) standard and require members to offer open APLs, following yesterday’s... Read more continue reading

ASIC releases market integrity report

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ASIC has released its latest report on market integrity for the period 1 July to 31 December 2017. Read Report 569 Market integrity report: July to December 2017 The report covers... Read more continue reading

ASIC extends the transition period for superannuation and retirement calculators

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ASIC has extended, to 1 July 2019, the time that providers of retirement and superannuation calculators have to comply with the requirement that generic financial calculators must account for inflation.... Read more continue reading

Working together for stronger financial capability

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ASIC has released the National Financial Literacy Strategy Annual Highlights Report 2016‑17. The Report paints a national picture of financial literacy programs and initiatives delivered by a wide range of... Read more continue reading