Financial advice


October 19, 2016 9:19 AM | Posted by Batten, Richard | Permalink
The Government has released revised draft regulations for the Government’s life insurance remuneration reforms.  The draft regulations propose important changes, including extending the regime to almost any activity relating to the sale of life insurance. read more
March 24, 2016 5:30 PM | Posted by Richard Batten and Justin Locke | Permalink
ASIC has made some important observations about conflicts management practices in the funds management sector which have broad relevance not confined to fund managers. read more
March 24, 2016 12:24 AM | Posted by Batten, Richard | Permalink

 ASIC has released draft guidance on digital advice with can be summarised in 3 simple 'laws'.

read more
February 11, 2016 9:12 PM | Posted by Batten, Richard | Permalink
The Bill to introduce the Trowbridge reforms has been introduced into the House of Representatives.  The Bill does not include any fundamental changes to the Exposure Draft, a number changes have been made to refine or clarify the application of the regime. read more
December 15, 2015 12:39 PM | Posted by Batten, Richard | Permalink
ASIC has released its consultation paper on the implementation of the retail life insurance reforms which confirms the Government's proposals for commission caps and clawback arrangements and provides details of proposed detailed reporting requirements. read more
November 25, 2015 10:59 PM | Posted by Batten, Richard | Permalink
In a surprise move, the Senate has agreed to pass a cut-down version of the FOFA Streamlining Bill, but after the amendments made to the Bill in the Senate there is not much left of the Government's original streamlining initiative. read more
November 9, 2015 5:37 PM | Posted by Batten, Richard | Permalink

The Government has announced further details of the reform package for life insurance advice remuneration.  Key changes include delaying the start date to 1 July 2016 and making it clear the regime will apply to general advice.

read more
October 23, 2015 9:37 AM | Posted by Batten, Richard | Permalink
The release of the Government's response to the Murray Inquiry provides a roadmap for regulatory action affecting the sector over coming years and much needed certainty for industry. read more
October 20, 2015 8:29 AM | Posted by Batten, Richard | Permalink
The Government has released its response to the Financial System Inquiry's Final Report which includes specific measures which the Government plans to implement before the election and beyond. read more
July 30, 2015 4:15 PM | Posted by Pinar Ozer | Permalink
ASIC announced yesterday that it will now use its power to recover expenses and costs of its investigations.   read more
July 3, 2015 6:20 PM | Posted by Batten, Richard | Permalink
The start of a new financial year and the end of ASIC's facilitated implementation period has given us a new set of FOFA regulations and the promise of only one more iteration of changes to come. read more
February 20, 2015 2:20 PM | Posted by Batten, Richard | Permalink
A new year brings new regulation with the making of the Corporations Amendment (Register of Relevant Providers) Regulation 2015 which commences on 9 March 2015, following recommendations of the Senate Economic References Committee and the Financial System Inquiry. read more