The Fed has the “cleanest dirty shirt” approach to monetary policy

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BoE intervention is not sustainable In Kris Kristofferson’s famous ballad Sunday Morning Coming Down (of course, popularised by the late Johnny Cash) the protagonist speaks of one Sunday morning, after a particularly... Read more continue reading

ASIC signs Consultation Agreement with Financial Markets Standards Board

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ASIC has signed a Consultation Agreement (Agreement) with the Financial Markets Standards Board (FMSB) to promote global standards for fair and effective wholesale financial markets. The Agreement formalises ASIC’s active... Read more continue reading

Affordable financial advice could again become a reality

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The changes that are likely to occur as a result of the Quality of Advice Review (QAR) and other changes occurring across the industry will ultimately make advice more affordable... Read more continue reading

SuperConcepts launches SMSF consultation services

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Self-managed superannuation (SMSF) education, administration and software provider, SuperConcepts, continues to expand their SMSF offering with the addition of specialist consultation services. Available to both individuals and professionals, including accountants... Read more continue reading

ASIC helps insurers to respond to family violence

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ASIC has granted relief to exempt insurers from providing certain notifications where doing so creates risks of family violence. The relief is outlined in the legislative instrument, ASIC Corporations (Cash Settlement... Read more continue reading

FPA places submission to Treasury on financial adviser education standard

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In its submission to Treasury on the proposal paper in relation to financial adviser education standards, the FPA has reiterated its view that the competence obtained through experience should be... Read more continue reading

FPA welcomes Quality of Advice Review’s principles-based approach to regulating advice

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The Quality of Advice Review’s proposals to move to a more principles-based approach to regulating the provision of financial advice is a welcome shift, the FPA says in its submission... Read more continue reading

Global fintech Ebury appoints Marc Lim as a Head of Desk

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Global foreign exchange (FX) and trade finance fintech Ebury has hired Marc Lim as a Head of Desk at its rapidly growing Sydney office. He has 20 years of experience working... Read more continue reading

MLC Life Insurance to offer Vivo health and wellness service to advisers 

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MLC Life Insurance is extending its Vivo health and wellness service to financial advisers, following its launch to customers last month. Vivo provides a suite of services to MLC Life... Read more continue reading

ASIC publishes updated and expanded remediation guidance

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Over the past six years ASIC has overseen at least $5.6 billion in remediation for an estimated seven million Australian consumers for failures identified across the financial system. Around a... Read more continue reading