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Morningstar invested in nuclear weapons components against ESG claims: ASIC

The five holdings were only for about two weeks each, and then divested as soon as Morningstar became aware of them. But ASIC takes a seriously dim view of ESG...

From cost centre to growth lever: Compliance that wins business

Compliance leaders are at the centre of a transformational time in regulatory adherence and risk management, argues fintech provider Complii in this new...

'Really concerned': Jones admits worry over QAR draft, stands by advice reform schedule

"I was really worried people would say ‘Is that all?'" the minister said, before explaining that he didn't want to submit key compliance reforms until they...

Code of Ethics important, but it won't supplant the Safe Harbour Steps

The government's position on what to do with the Safe Harbour Steps is no longer clear, but the chances of seeing it supplanted by the existing Code of Ethics...

Advice reform stalls as Jones dithers on SOA, safe harbour changes

Even with a lightened agenda, the government failed to finish its homework and instead delivered only a portion of the first tranche of advice reforms. It's a...

Shareholder groups ASA and AIA merge to create 'powerful entity'

The Australian Shareholders' Association and the Australian Investors Association have agreed to amalgamate in the new year, seeking to grow their membership...

Government forces crypto into the regulatory fold

Concerned by collapses of crypto platforms both here and abroad, the government has put forward a plan to bring digital asset platforms into the Australian...

AMP spending goodwill it doesn't have with BOLR pushback

AMP's executive spine has done a remarkable job of arresting the company's decline, but its refusal to accept the court's decision that it shortchanged...

ASIC warns licensees to improve 'inappropriately narrow' remediation practices

After publishing two separate guides and with the Financial Accountability Regime firmly in mind, the regulator was scathing of licensees' collective...

90% of FPA, AFA members have renewed with FAAA since merger

Of the 8,946 practitioner advisers who belonged to either industry group before their April merger, 8,093 have renewed their membership with the merged entity....

Education carve-out should come with separate adviser designations

An approved degree doesn't necessarily make for a better adviser, but if the government wants to get the experienced pathway legislation right it must disclose...