News

Investments

Bond firm penalised for misleading statements

Concerns about statements related to investment performance have prompted ASIC to fine a bond trading company.

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Education, Regulation

FASEA tweaks questions in finalised adviser exam

Changes to questions relating to tax and the length of reading time are the only adjustments made by FASEA in its finalised adviser Examination Standard.

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Investments, Regulation

Royal commission has not affected sector view

The royal commission’s findings have not swayed the investment views of an international manager regarding Australia’s bank and finance sector.

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ATO, Superannuation

Members find super worth over $860m

Super members found and merged over 105,000 super accounts worth more than $860 million last year.

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Investments

SMSF managed fund use favours global stocks

Class’ SMSF Benchmark Report shows SMSFs using managed funds lean towards investing in global equities via these vehicles.

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Regulation, Strategy

SMSF specialist warns of super changes ahead

Accountants need to take heed of Labor’s proposed changes to super and consider how they can optimise their clients’ SMSFs now.

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Investments

Trustees dump top 10 domestic equities

SMSF trustees are reducing their investments in Australia’s top 10 listed equities as banks’ bad fortunes drag down the All Ordinaries index.

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Financial Planning, Regulation, Superannuation

RC unconvinced on advice model revamp

The banking royal commission’s final report has not called for the structural separation between product and financial advice, stating it would be costly.

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ASIC, Regulation

RC calls for individual rego, new disciplinary body

Advisers should be individually registered and subject to a new, powerful, single disciplinary body, according to the banking royal commission.

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Regulation

Govt to create compensation scheme of last resort

The federal government will create a compensation scheme of last resort after the banking royal commission added its support to the Ramsay review’s call for its creation.

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