APRA releases draft prudential practice guides for superannuation

From

The Australian Prudential Regulation Authority (APRA) has released for consultation a discussion paper and 10 draft prudential practice guides (PPGs) for the superannuation industry. This year APRA has consulted extensively with... Read more continue reading

SPAA’s auditor accreditation program gets thumbs up

From

The Federal Government’s recognition of the SMSF Professionals’ of Australia (SPAA) auditor accreditation program (SSAud) as an approved audit qualification is a win for true professionalism, says SPAA CEO Andrea... Read more continue reading

ASIC focuses on ad disclosure requirements for super trustees

From

ASIC has written to superannuation trustees reminding them about disclosure requirements associated with advertising for superannuation products. The types of issues ASIC has seen in advertising that may lead to... Read more continue reading

ASIC releases guidance to improve the quality and reliability of investment research

From

ASIC has released updated policy guidance to improve the quality and reliability of research reports. Regulatory Guide 79 Research report providers: Improving the quality of investment research (RG 79) has... Read more continue reading

ASIC extends shorter PDS regime relief

From

ASIC has extended interim class order relief from the shorter PDS regime for multi-funds, superannuation platforms and hedge funds. Class Order [CO 12/1592] extends the relief in Class Order [CO... Read more continue reading

ASIC calls for improved compliance in CFD and margin FX

From

ASIC has issued a warning to the contracts for difference (CFD) and margin foreign exchange (FX) sectors following the release of a report highlighting weaknesses in client money handling practices. Report... Read more continue reading

FPA Code consultation a resounding success

From

Financial Planning Association (FPA) members and key industry participants have offered generous support to the creation of new professional parameters in financial planning by having their say into the future... Read more continue reading

Enshrinement of “financial planner” to provide greater consumer protection

From

The Financial Planning Association (FPA) has welcomed the government’s release of the draft legislation for enshrining the term financial planner/adviser in Australia. The draft legislation, released today, follows extensive consultation... Read more continue reading

AFA Congratulates Minister Shorten on Consumer Protection

From

The Association of Financial Advisers (AFA) has congratulated the Minister for Financial Services and Superannuation, Bill Shorten, on taking an important step towards better protecting consumers by putting forward a proposal... Read more continue reading

Actuaries Institute releases professional guidance on Financial Condition Reports

From

In response to the increasing complexity and risks in superannuation, the Actuaries Institute has publically released its professional guidance in relation to Financial Condition Reports (FCRs) for superannuation funds. The development... Read more continue reading