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17 June 2019 Financial Service Intelligence Watch

UK regulator publishes final rules on buy-now-pay-later products

The UK's Financial Conduct Authority (FCA) on Wednesday confirmed it will introduce new rules in the buy-now-pay-later (BNPL) market, saving consumers around £40-60 million a year. The changes, which include banning firms from charging backdated interest on money that has been repaid by the consumer during the BNPL offer period ...

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Aussie regulator uses conflicted remuneration powers against advisory firm

The Australian Securities & Investment Commission (ASIC) has commenced civil penalty proceedings in the Federal Court against R M Capital Pty Ltd (RM Capital) and its authorised representative, The SMSF Club Pty Ltd (SMSF Club), in relation to accepting conflicted remuneration.

ASIC alleges that SMSF Club advised its clients to ...

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Working Smart

By Lee Rossini

Most candidates arrive at an interview aiming to dazzle and leave a lasting impression. However, interviewing candidates for a position can be a mentally tiring process for the interviewer. More importantly, how do you make the right decision based on an hour interaction with a person who is prepared to only show you their best side? Being well prepared and making use of a structured interview process can assist in overcoming some of the challenges.

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