The Senate inquiry into the finance sector has heard from the FSU, which is calling for the same protections to be applied to retail banking customers as private financial planning clients.
Read MoreThe FPA continues to lobby the government to have financial advice a tax deductible expense.
Read MoreAny financial institution or its advisory practices found to have been charging advice fees without providing advice may be required to refund or compensate clients.
Read MoreASIC has, for the first time, approved a code of conduct to avoid regular opt-in requirements for fee renewals.
Read MoreThe Scrutiny of Financial Advice has had its scope deepened to take into account insurers using outdated definitions to refuse claims, among other issues. This is a direct result of the most recent CommInsure scandal involving outdated heart attack definitions.
Read MoreA range of product, company and regulatory updates, plus awards and new risk offerings.
Read MoreThe latest life insurance reform proposal has been released by the Assistant Treasurer.
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