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Robo-advice restricted by legal requirements

Robo-advice firms may need to brand their advice as "general" in order to comply with legal requirements such as best interest duties, says...

by Taylee Lewis

  • APRA boss defends risk modelling

    Risk modelling may have gone from the "penthouse to the doghouse" in the wake of the global financial crisis, but APRA chairman Wayne Byre...

    by Tim Stewart
  • ANZ to pay back $13 million to customers

    Around 20,000 customers ANZ customers will be compensated approximately $13 million after the bank failed to apply bonus interest to its Pr...

    by Reporter
  • Banks already pay GST, says KPMG

    Calls to broaden the GST base to financial services miss the fact that financial institutions already pay GST via input taxation, says KPMG...

    by Tim Stewart
  • Final life insurance package released

    The government has released its final life insurance industry package, reducing the three-year clawback policy, but making no changes to com...

    by Alice Uribe and Scott Hodder
  • Tough year ahead on capital ratios, says APRA

    APRA chairman Wayne Byres has admitted Australia is "not entirely the master of its destiny" when it comes to capital ratios, with internati...

    by Tim Stewart
  • ASIC fines forex provider

    ASIC has fined foreign exchange trading platform and product provider, Online Capital Markets (OCM), for false and misleading advertising. ...

    by Reporter
  • Breach reports to ASIC up 18 per cent

    ASIC received 1,635 breach reports in 2014-15, up 18 per cent from 1,388 in the previous year – but only 42 per cent were referred for fu...

    by Tim Stewart
  • $12.5 million in FOS claims still unpaid

    Over $12.5 million in Financial Ombudsman Service (FOS) determinations remain unpaid to consumers – and financial planning and advisory fi...

    by Reporter
  • Boards still lagging on gender diversity

    The number of female board members is still strikingly low, with women only making up 14 per cent of board positions in the ASX101-200, acco...

    by Taylee Lewis

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