News

ASIC

ASIC prepares for FSCP rollout

December 22, 2021

ASIC has started preparations for its new adviser enforcement panel, but will not release guidance on its operation until early next year.

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ASIC

Mayfair 101 Group hit with $30m fine

December 22, 2021

Darin Tyson-Chan

Mayfair 101 Group has had a $30 million penalty imposed upon it by the Federal Court for making false or misleading claims in its product advertising.

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ESG, Investments

AI providing cut-through for ESG investing

December 22, 2021

Tui Eruera

ESG investing is complex, but artificial intelligence is allowing investors to better identify more true-to-label opportunities in this space.

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Business News

BT to close Panorama admin service

December 21, 2021

Jason Spits

BT will close the SMSF establishment and administration services offered through its Panorama investment platform at the end of this week.

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Contributions

Super Christmas gifts to kids require care

December 21, 2021

Darin Tyson-Chan

The age of a child must be taken into account if parents are considering providing them with a Christmas gift by way of a super contribution.

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Superannuation

Draft co-contribution regulations released

December 21, 2021

Tia Thomas

New draft co-contribution regulations for low-income earners have been released and include minor changes to previously released regulations that are due to expire.

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FASEA

Exam re-mark creates licensing limbo

December 21, 2021

Jason Spits

Advisers waiting for a re-mark of the most recent FASEA exam will be unable to provide advice until they receive results in the new year.

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FASEA

FASEA passes conflicts decision to Hume

December 21, 2021

Tia Thomas

FASEA has released industry feedback to a consultation paper on revising its conflicts of interest standard, but has left the final decision on amendments to the government.

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Investments, Property