Taskforce urges higher ASIC penalties

24-Oct-2017|By Megan Tran

The federal government’s ASIC Enforcement Review Taskforce has released a position paper that recommends more than doubling the civil penalties available to the corporate watchdog under the Corporations Act. The paper, entitled “.. Read More

Solid evidence missing from PJC planner hearing


A parliamentary committee has questioned the need for the term financial planner to be enshrined in law, after a public hearing failed to provide solid evidence to support amendments to proposed federal government le.. Read More

Trust cuts $10 million technology spend


The Trust Company has ditched a $10 million technology investment to upgrade systems across all aspects of its business. Trust's newly appointed chief executive, Shailendra Singh, informed shareholders of the li.. Read More

Aust market not ready for bond ETFs


Bond exchange-traded funds (ETF) that functioned similarly to term deposits could have a place in the Australian market, however, acceptance and an understanding of the role they played in portfolios needed to occur .. Read More

Govt releases super charter duties


The federal government has released the terms of reference for its proposed superannuation charter, with the group’s duties to focus on the development and recommendation of adequacy and sustainability principa.. Read More

Time to blow the whistle on super changes: AMP


AMP has joined the push to redirect the debate over changes to Australia’s $1.5 trillion superannuation savings pool, with the financial services giant calling on the Labor government to make no negative change.. Read More

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