Planners on notice

Almost a third of consumers and half of small business owners are considering either changing their current financial planner or ceasing to use one altogether, according to new research. Respondents to the…

ASIC licensing and banning powers beefed up

Recommendations of the 2016 ASIC Enforcement Review Taskforce that the regulator’s powers be strengthened have finally been put into legislation, with the passage of a bill last week that strengthens ASIC’s licensing…

People: Braintree head moves to payments hopeful

Payments processing company Monoova (formerly MoneyTech Payments) has hired Tyson Hackwood to be its head of growth. Hackwood joins from PayPal’s Braintree, where he was head of Asia Pacific. At Monoova he…

The rise of renters by choice

The private rental sector has expanded at more than twice the rate of the increase in Australian households in the last two decades. This increasingly diverse form of tenure now houses about…

SuperAA morphs into Seamless SMSF

The self-managed super fund (SMSF) administration and audit firm Superannuation Advisors Australia – known as “SuperAA” is changing its name to Seamless SMSF to better reflect its service delivery and product suite.…

ACCC spells out Open Banking rules

Consumers will have an online “consumer dashboard” to allow them to manage their data consents when the Consumer Data Right in banking kicks off in July. Details of the dashboard are included…

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Planners on notice

Almost a third of consumers and half of small business owners are considering either changing their current financial planner or ceasing to use one altogether, according to new research. Respondents to the MetLife Adviser-Client Relationship Report 2019 cited high fees,…

ASIC licensing and banning powers beefed up

Recommendations of the 2016 ASIC Enforcement Review Taskforce that the regulator’s powers be strengthened have finally been put into legislation, with the passage of a bill last week that strengthens ASIC’s licensing powers and extends its banning powers. It also…

People: Braintree head moves to payments hopeful

Payments processing company Monoova (formerly MoneyTech Payments) has hired Tyson Hackwood to be its head of growth. Hackwood joins from PayPal’s Braintree, where he was head of Asia Pacific. At Monoova he will be responsible for promoting the adoption of…

The rise of renters by choice

The private rental sector has expanded at more than twice the rate of the increase in Australian households in the last two decades. This increasingly diverse form of tenure now houses about one in four of us. Australia’s lightly regulated…

SuperAA morphs into Seamless SMSF

The self-managed super fund (SMSF) administration and audit firm Superannuation Advisors Australia – known as “SuperAA” is changing its name to Seamless SMSF to better reflect its service delivery and product suite. Set up in 2013 by CEO Mike McHenry,…

ACCC spells out Open Banking rules

Consumers will have an online “consumer dashboard” to allow them to manage their data consents when the Consumer Data Right in banking kicks off in July. Details of the dashboard are included in the rules for the Consumer Data Right…

Mortgage broker best interests duty bill passed

From July, mortgage brokers will have to comply with current responsible lending obligations and a new best interests duty. Responsible lending and best interests are not the same thing. According to the information memorandum accompanying the bill that was passed…