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New Zealand bans foreigners from buying property

By: Pedro Goncalves | 15 Aug 2018

The New Zealand government has banned the sale of existing homes to foreign buyers, saying New Zealanders were sick of being “tenants in our own land”. The…

Australian expats pick Singapore as best place to live

By: Pedro Goncalves | 15 Aug 2018

Australian expats hailed Singapore as the best country to live even as it stands as one of the most expensive places for expats in the world, with…

World’s first blockchain bond to be launched

By: Pedro Goncalves | 14 Aug 2018

The World Bank has chosen the Commonwealth Bank of Australia to help organize a new Ethereum blockchain bond denominated in Australian dollars. The bond is projected to…

ASIC warns banks must do more to curb adviser fraud

By: Pedro Goncalves | 13 Aug 2018

Banks must do a better job of protecting their customers against fraudulent financial advisers ASIC has warned, as Australia tries to regain consumer confidence after a string…

Australia’s largest financial adviser network shrinks amid scandal

By: Pedro Goncalves | 09 Aug 2018

The ranks of Australia’s largest financial adviser network continue to deplete as AMP announces another dip in its number of authorised representatives amid scandal and the prospect…

Australia proposes more changes to financial advice industry

By: Pedro Goncalves | 06 Aug 2018

Australia’s financial advice industry is bracing for more proposed changes to approved product lists, remuneration and terminology following the Productivity Commission’s inquiry into the state of competition…

Australia looks to rate advisers under scheme to rebuild trust

By: Pedro Goncalves | 31 Jul 2018

Australia is considering a new system under which 1,800 financial advice licensees will be rated, in a bid to rebuild consumer trust after several scandals with financial…

Expats face CGT hit in Australia

By: Pedro Goncalves | 30 Jul 2018

Australia is considering scrapping the main residence tax exemption for expats in a move that will hit thousands of Australians living abroad with CGT on the sale…

20% of financial advisers in Australia threaten to quit over exams

By: Pedro Goncalves | 20 Jul 2018

Almost 20% of financial advisers in Australia are threatening to quit the industry if the regulator goes ahead with new rules that will force them to undertake…

More wealthy Australians seeking financial advice: report

By: Pedro Goncalves | 18 Jul 2018

Around 2 million Australians sought financial advice in the 12 months to May, accounting for more than 27% of the total wealth management market, according to a…

HSBC closes financial advice division in Australia

By: Pedro Goncalves | 13 Jul 2018

HSBC is silently exiting the financial advice sector in Australia after a strategic review in a move which follows three other banks currently in the process of disposing…

Australia launches crackdown to catch tax residency nomads

By: Pedro Goncalves | 11 Jul 2018

Foreign-based executives of ASX companies, globe-trotting investors and everyone else  will be automatically taxed as Australian residents if they spend more than 183 days in Australia in…

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