New audit cycle could lift illegal early access

18-Jun-2018|By Krystine Lumanta

The current oversight around preservation age and conditions of release made by SMSF trustees will only worsen with the introduction of triennial audits for cleanskin funds, an industry auditor has warned. “The current preservation age .. Read More

Robo, AI ETF hits $100m

18-Jun-2018

ETF Securities Australia has reported its Robo Global Robotics and Automation exchange-traded fund (ETF) has achieved inflows of $100 million just nine months after its launch. The ETF represents a partnership be.. Read More

Urgent call to action on elder abuse laws

18-Jun-2018

Australian banks, along with seniors groups and the Financial Services Union (FSU), have called on lawmakers to proceed with laws for suspected elder financial abuse. In February, banks renewed their push for cha.. Read More

AFCA appoints chief ombudsman

18-Jun-2018

The Australian Financial Complaints Authority (AFCA) has named Australian Charities and Not-for-profits Commission (ACNC) charity services assistant commissioner David Locke as its chief ombudsman and chief executive.. Read More

ASIC begins civil proceedings against Westpac

18-Jun-2018

The Australian Securities and Investments Commission (ASIC) has begun civil penalty proceedings in the Federal Court against Westpac in relation to poor advice provided by one of its former financial advisers. In.. Read More

Licensing rules curb pension advice

18-Jun-2018

Financial planners will be limited in providing advice on the pension loans scheme (PLS) unless they are adequately licensed, a specialist aged-care expert has warned. “We identified a potential licensing i.. Read More

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