Regulation

Client file ‘look back’ requests: no end in sight

Requests for client files prompted by ASIC programs and surveillance have become so onerous they’re strangling some advice businesses. The situation is likely to get worse this year, not better.

Matthew SmithFebruary 1, 2019

Regulation

ASIC’s adviser levy to be invoiced this week

The regulator’s new funding model has arrived, with sources confirming the bill – almost $1000 per adviser – will be sent to licensees in the next few days. Tahn Sharpe writes.

Tahn SharpeJanuary 30, 2019

Regulation

Fink backs employers on super as ASIC’s doubts emerge

The head of the world’s largest asset manager says the onus for leading retirement is on employers but the regulator has doubts about whether they’re up to the task.

Tahn SharpeJanuary 21, 2019

Regulation

Pressure mounts for ‘sunlight’ on APLs

The Productivity Commission’s repeated assertion that approved product lists should be made public will put further pressure on government to curtail vertically integrated advice.

Tahn SharpeJanuary 11, 2019

Compliance

AFCA to clean up ‘barriers’ to complaints after damning ASIC research

Prompted by a negative report from the regulator, the new agency has questioned firms’ resolution times and communication with clients.

Tahn SharpeDecember 17, 2018

Compliance

Boards need to be engaged on culture: Costello

“From the outside it looks as if you had strong management that controlled the corporation and the audit committee was not involved.” – Peter Costello on CBA’s failings.

Matthew SmithNovember 29, 2018

Regulation

Top 10 reasons real reform won’t happen

Politicians rarely maintain their appetite for significant change under ferocious lobbying. Here are the arguments most commonly used to give them pause, Robert M.C. Brown writes.

Robert MC BrownNovember 28, 2018

Regulation

Chris Bowen on reform: ‘I’ve been around the track’

Chris Bowen will listen but he's been 'around the track', as he puts it, enough times not to allow a lobby fuelled solely by self-interests to sway him.

Matthew SmithNovember 23, 2018

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