ASIC review finds unacceptable delays by financial institutions in reporting, addressing and remediating significant breaches

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In a report released yesterday, ASIC has identified serious, unacceptable delays in the time taken to identify, report and correct significant breaches of the law among Australia’s most important financial... Read more continue reading

Family finances seen in best shape for 8 months

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Consumer sentiment Consumer confidence: The ANZ-Roy Morgan consumer confidence rating fell 0.7 per cent from 5-week highs to 117.2 in the past week. The index is comfortably above the average of... Read more continue reading

Prime Value Opportunities Fund upgraded by Lonsec

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Strongly performing high conviction equities fund, the Prime Value Opportunities Fund, has been upgraded to “recommended” by ratings house Lonsec. This follows a recommended rating from Zenith Investment Partners earlier... Read more continue reading

Regulated by ASIC? Urgent action required by 27 September

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Organisations and individuals regulated by ASIC must act by this Thursday 27 September to meet their legal obligations under new industry funding laws. ASIC sent a letter in July to... Read more continue reading

New Assistant Treasurer to address 2018 AFA National Adviser Conference

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The newly-appointed Assistant Treasurer, the Hon. Stuart Robert is confirmed to address the Association of Financial Advisers (AFA) National Adviser Conference (the AFA Conference) on the Gold Coast. AFA Conference... Read more continue reading

$414bn of Australia’s hard earned cash is invested in underperforming funds

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Research from digital wealth provider InvestSMART has shown many of the country’s biggest fund managers are charging fees for no, or underwhelming, performance. InvestSMART modelling of Morningstar data shows over... Read more continue reading

Wholesale petrol prices hit 4-year highs

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Weekly Petrol prices Petrol: According to the Australian Institute of Petroleum, the national average Australian price of unleaded petrol rose by 0.6 cents to a four-month high of 152.8 cents a... Read more continue reading

PPS Mutual improves cover, provides guidance on possible income tax treatment of premiums

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Specialist insurance company PPS Mutual has updated definitions and expanded the range of benefits available in its Professionals Choice product range in order to better meet the needs of its... Read more continue reading

Weekly market update – week ending 21 September, 2018

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Investment markets and key developments over the past week The past week saw “risk on” with the latest escalation in the US/China trade conflict being less than feared and reports... Read more continue reading

Financial planning needs more women, says FPA

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The Financial Planning Association of Australia (FPA) is playing its part in attracting more women to the financial planning profession by fostering community, innovation and leadership amongst financial planners at... Read more continue reading