ASIC’s MoneySmart releases new reverse mortgage calculator

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ASIC has launched a new reverse mortgage calculator on its MoneySmart website. Robert Drake, ASIC’s Senior Executive – Financial Literacy said, ‘The calculator is a great tool if you or... Read more continue reading

FPA: Grandfathering must be fair and in client’s best interest

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The Financial Planning Association (FPA) Chief Executive Officer Mark Rantall has welcomed the federal Government’s draft amendments to key conflicted remuneration measures as a ‘common sense compromise’ between the intentions... Read more continue reading

ASIC releases guidance on conflicted remuneration ban

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ASIC has finalised guidance to help industry understand the practical operation of the ban on conflicted remuneration and how ASIC will administer it. The ban on conflicted remuneration is part... Read more continue reading

FPA welcomes ASIC guidance on Code

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  The Financial Planning Association (FPA) has welcomed the release of ASIC Regulatory Guide on approval of Codes.    The updates made to the ASIC Regulatory Guide include: The accommodation... Read more continue reading

The AFA welcomes the release of ASIC’s Regulatory Guidance

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The Association of Financial Advisers (AFA) welcomes the release of ASIC’s Regulatory Guidance on Codes of Conduct and the Opt-in Exemption.  “The guidance now allows the financial advice industry to... Read more continue reading

ASIC releases guidance on code approval under FOFA

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ASIC will now consider applications for approval of Future of Financial Advice (FOFA) codes following the release of guidance. The guidance, in the form of an update to Regulatory Guide... Read more continue reading

ASIC publishes fifth market supervision report

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ASIC has published its fifth report on the supervision of Australian financial markets and market participants. Report 327 ASIC supervision of markets and participants: July to December 2012 (REP 327) shows... Read more continue reading

S&P/ASX 200 VIX available in real-time

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From 28 February, Australia’s equity market volatility benchmark, the S&P/ASX 200 VIX (VIX), will be made available in real-time. This will provide the market with intra-day volatility information and importantly,... Read more continue reading

ASIC digital activities help primary students get cash savvy

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Australian students will learn more about money with the help of digital educational activities released by ASIC this month. ASIC’s digital activities will help teachers use the latest technology to... Read more continue reading

AFA consulting with advice profession to provide better outcomes

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The Association of Financial Advisers (AFA) has been working with key advice profession stakeholders to achieve a more workable approach to the new Future of Financial Advice (FoFA) Code of... Read more continue reading