ASIC delivers regulatory roadmap on advice within super The Australian Securities and Investments Commission has signalled at least some flexibility around how advisers gain consent from clients to deduct fees from their superannuation accounts but has remained steadfast in following the recommendations of the Royal Commissions. For more.

ASIC examining wholesale/retail client definitions The Australian Securities and Investments Commission is looking at whether clients are being accurately designated as wholesale or retail investors. For more.

Which Aussie equity funds received the top Crown rating? Seven funds in the Australian equity sector received the highest qualitative rating in the latest FE fundinfo Crown ratings rebalance. For more.

Limitations on proposed regulator oversight authority not effective To be effective, the Financial Regulator Oversight Authority needs to be allowed to assess particular actions, or group of actions, to properly assess the two financial regulators’ overall effectiveness, according to a super association. For more.

Australia’s highest-paid CEOs feel wrath of coronavirus Two of the Australia’s highest-paid chief executives are earning their money this year as their respective firms see 40% hits to their share price from coronavirus. For more.

Qantas unveils action plan as shares fall 40% YTD Shares in Qantas are down more than 40% since the start of the year as the firm announces an action plan to handle the impact of coronavirus. For more.

Is India immune to coronavirus? Investors have been reminded that although the coronavirus will impact global growth in at least the first half of 2020 it will not stop India’s structural growth. For more.

ASIC unveils regime for foreign financial services providers The Australian Securities and Investment Commission has released its new regulatory framework for foreign financial services providers who are providing services to Australian wholesale clients. For more.

SMSFA endorses Govt super flexibility proposal The proposed changes to super would impact spousal contributions and work tests on voluntary contributions, and have been welcomed by the SMSF Association. For more.

Mark Goldenberg banned after illegal credit activities Mark Goldenberg operated an illegal early access to superannuation scheme and engaged in credit activities without an Australian credit licence. For more.

OneVue confirms preliminary bids for Madison OneVue has confirmed preliminary bids for dealer group Madison amid confirmation that voluntary administrators have been appointed to Sargon Capital Pty Ltd. For more.

FASEA exam doesn’t get passing grade The industry has now had four rounds of FASEA exams, but Chris Dastoor writes advisers – particularly those who have passed – are still as confused and unhappy about the process as ever. For more.

Three decades and a Masters degree, but no exam pass Despite three decades of experience in the industry and a Masters degree approved by the Financial Adviser Standards and Ethics Authority (FASEA), Leigh Anoos couldn’t pass the FASEA exam. For more.