Convergence among advice providers will be restricted by control of distribution channels by product manufacturers....
Four industry super funds sued by property manager have had claims against them increased and list of defendants expanded....
The clarification around grandfathering has resulted in the sale of financial services businesses climbing rapidly....
The use of electronic disclosure documents is permitted under law, with ASIC releasing guidance regarding their online distribution. ...
Aligned and non-aligned advice should be covered by separate legislation and definitions, according to an advice business broker....
ASIC Chair Greg Medcraft says no financial services regulator can stop corporate failures without onerous compliance regimes. ...
The Credit Ombudsman Service (COS) rebuts claims it lacks regulatory oversight and independence. ...
ASIC cancels AFSL of financial services provider unable to comply with licence conditions...
FOFA amendments attempt to shore up old model that will be undercut by online services. ...
ASIC releases enforcement report for second half of 2013 reporting 340 enforcement actions....
Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...
ASIC has banned a former NSW adviser from providing advice for 10 years for investing at least $14.8 million into a cryptocurrency-based scam. ...
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...