ASIC to be handed new product powers

22-Dec-2017|By Sarah Kendell

ASIC will be empowered to intervene in the distribution of financial products where they are being inappropriately sold under new draft legislation released by the government yesterday. The new powers, which the regulator has repeatedly call.. Read More

Managed funds sector adds $70 billion in March quarter


Investments in Australia’s funds management industry rose by 3 per cent in the March quarter, buoyed by a lift in the price of foreign shares and a strong Australian dollar against the greenback. Australia.. Read More

Members directly affected by self-education caps


The federal government’s $2000 annual cap for work-related self-education deductions will have a direct impact on the competencies of members across all professional industry associations. The restriction .. Read More

Super contributions hit record levels


Strong equity markets and positive news on superannuation fund returns were behind a record 22.5 per cent annual jump in voluntary contributions in the March quarter, an industry report said yesterday. The incre.. Read More

Trust failed to safeguard investors: law firm


A Trust Company subsidiary embroiled in a legal case with failed property group Australian Capital Reserve (ACR) failed to safeguard the interests of ACR investors, Slater & Gordon said yesterday. Slater &am.. Read More

Rubik adds 360 practices under Coin deal


Rubik Financial will pick up 360 practices and 1300 users, including financial advisers and paraplanners, under its new deal with Macquarie. Rubik entered into a binding agreement with Macquarie’s banking .. Read More

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