AFA calls for end to wholesale product gap

22-Mar-2017|By Leanne Abbas

Granting ASIC the power to approve financial products that fell under the classifications of wholesale products and alternative investments, as well as reclassifying real property as a financial product, would provide greater protection to Austra.. Read More

Gloomier commodities forecast as China acts


A leading economic expert on China has warned that the outlook for Australian resources companies in 2017 may darken as inflation declines in China while authorities relax restrictions on coal output, which may lead .. Read More

Super funds need to refocus on Gen X appeal


Baby boomers will shrink as a percentage of the retail superannuation industry, presenting a challenge for super funds to appeal to younger generations, Tria Investment Partners says. The consultancy group&rsquo.. Read More

Crowdfunding law a boon for fintech sector


Incoming legislative changes to equity crowdfunding will help further “democratise investing” by allowing retail investors to participate in funding rounds for local fintech start-ups, according to Equiti.. Read More

Two AFSLs scratched, third suspended


The corporate regulator has cancelled the licences of two Australian financial services licensees for failing to lodge annual statements and maintain their membership of external dispute resolution (EDR) schemes. .. Read More

MyNorth upgrade enhances AMP options


AMP platform MyNorth has been upgraded to allow advisers to manage multiple client activities simultaneously and have more choice in estate planning, according to the platform provider. The upgrade, which comes .. Read More

TPD, direct sales in focus as CBA cleared


An ASIC examination of CommInsure's life insurance practices and surveillance processes found “no breaches of the law” in relation to claims handling, but the regulator has called for broader reform of th.. Read More

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