Regulation
Mayfair didn’t play fair: ASIC
The regulator sought an interim injunction against the controversial investment firm after it suspended client redemptions due to liquidity issues.
Tahn SharpeApril 7, 2020
Regulation
Regulation
Transfer balance cap reprieve flagged amidst market falls
Advisers are calling for a review of the $1.6m TBC in light of the recent market downturn, pointing to other recent concessional measures including cuts to deeming rates and minimum pension withdrawals.
Tahn SharpeApril 6, 2020
Regulation
Funds asked to hold off on advice fee consent
Calls are mounting for trustees to delay implementation of new rules blocking advice fees from coming out of super funds, with advisers struggling to get client authorisations and government not sitting to pass the legislation until after the scheduled July 1 start date.
Tahn SharpeApril 1, 2020
Regulation
Hume balks at regulation moratorium
The minister wouldn't be put on the spot regarding any delay on regulatory changes for the advice industry, but did say she was working with regulators and industry to ease the compliance burden for advisers.
Tahn SharpeMarch 31, 2020
Regulation
ASIC suspends its managed accounts project
As part of a re-calibration of its priorities to focus on COVID-19 challenges, ASIC has taken the MDA consultation off its plate and told its staff to be mindful the industry is facing significant disruption.
Matthew SmithMarch 23, 2020
Regulation
Untangle the bureaucracy and let advisers do their jobs
Non-executive director Ian Knox offers his view on the role regulators and policy makers need to play in the midst of this latest financial crisis.
Ian KnoxMarch 20, 2020
Regulation
12-month regulatory moratorium in play for advisers
Calls are mounting for the proposed regulatory changes in July, such as the annual opt-in rule, to be postponed so that advisers can focus their efforts on guiding clients through the coronavirus crisis.
Tahn SharpeMarch 18, 2020
Regulation
Brokers worried best interests duty will drive low-quality loans
Best interest duty for mortgage brokers is a step forward for an industry moving towards professionalism, but it could also mean a shift towards cheap and ill-fitting loans agreements.
Tahn SharpeMarch 13, 2020