ASIC

Financial planning

Over 3k advisers yet to update FAR records

Licensees have been urged by ASIC to ensure their advisers’ FAR records are updated, as ASIC’s latest estimates find more than 3,000 advisers could be unable to provide a...

Financial planning

ASIC confirms outcome of IDR ‘name and shame’ plans for AFSLs

ASIC has clarified the outcome of whether it will “name and shame” AFSLs over their reportable situations and internal dispute regimes following feedback from industry st...

Financial planning

FAAA’s Anderson welcomes $321m Macquarie remediation

Macquarie’s $321 million remediation package will provide welcome relief for investors after a “difficult and challenging” experience, according to the FAAA’s Phil Anders...

Financial planning

Former adviser banned after $4.4m theft

A former financial adviser who stole $4.4 million from his family and friends to feed gambling debts has been permanently banned by ASIC....

Funds management

Interim stop order lifted on La Trobe Aussie Credit Fund

Less than one week after imposing an interim stop order on the La Trobe Australian Credit Fund, the order has been lifted after the firm made improvements to its target m...

Financial planning

Macquarie to repay $321m to Shield investors

Macquarie Investment Management is to fully remediate all of its superannuation fund members the entirety of what they had invested in the Shield Master Fund, totalling $...

Financial planning

The missing link in the retail private credit pipeline

Retail investment into private credit funds could surpass that of sophisticated investors, according to ASIC, but the regulator admits it is unsure how and where these in...

Funds management

ASIC private credit review prompts 3 interim stop orders

Three managed investment schemes have received interim stop orders from ASIC following its private credit review, including two run by La Trobe Financial Asset Management...

Financial planning

ASIC’s Longo to depart corporate regulator

ASIC chair Joe Longo has announced he will step down at the end of his term, departing the corporate regulator in May 2026....

Financial planning

Could digital advice tools place licensees at risk of class action?

Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from ...

Financial planning

Court freezes assets of $160m managed investment scheme entities

The Federal Court has ordered the freezing of assets and the appointment of receivers to two entities linked to Australian Fiduciaries, ASIC’s latest move in an ongoing i...

Financial planning

Lonsec downgrades Metrics funds months after Count Financial exit call

Half a year after Count Financial told its advisers to exit several Metrics Credit Partners funds, research house Lonsec has now downgraded two of these products over gov...

Financial planning

‘Great loss of experience’: 1k advisers forecast to exit by 2026

As the 1 January 2026 education deadline looms, the FAAA is predicting as many as 1,000 advisers could exit the profession, triggering a significant experience loss for t...

Financial planning

Unregistered MIS operator found guilty of $34m fraud

A Supreme Court of Western Australia jury has issued its verdict regarding unregistered MIS operator Chris Marco, who was on trial for 43 fraud charges, with ASIC stating...