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ASIC
Financial planning
The Financial Planning Association has strongly urged the removal of the general advice exemption for financial product issuers because it undermines best interests....
Policy & Regulation
The Australian Securities and Investment Commission has signed a Memorandum of Understanding with the European Securities and Markets Authority regarding financial benchm...
Policy & Regulation
The Australian Securities and Investments Commission’s SMSF factsheet contains ‘an array of seemingly deliberate inaccuracies’ and should be withdrawn, according to econo...
Financial planning
Australian Securities and Investments Commission concerns about the adequacy of advice provided via robo tools has seen them voluntarily closed down....
Policy & Regulation
Ben Jayaweera has been found guilty of six charges of dishonestly causing detriment to clients, involving approximately $5.9 million....
Policy & Regulation
Graeme Walter Miller, former director of CFS Private Wealth and CFS Corporation, has been charged with dishonesty offences worth $1.865 million....
Life/Risk
ASIC has found that 60% of ‘activities of daily living’ claims are declined and AMP, Asteron, and Westpac had decline rates higher than expected....
Superannuation
The Australian Securities and Investments Commission has confirmed that superannuation funds which pay fines from member’s capital are under no specific obligation to tel...
Financial planning
The Australian Securities and Investments Commission has issued a warning to firms seeking to operate under a ‘general advice’ model....
Policy & Regulation
The corporate watchdog will provide relief from financial adviser compliance obligations, following the government’s announcement it would establish a single disciplinary...
Financial planning
The Australian Securities and Investments Commission has flagged a surveillance exercise around life/risk advice to back up its assessment of the Life Insurance Framework...
Policy & Regulation
The Australian Securities and Investments Commission has revealed the degree to which grandfathering will come to an end without the Government having been fully apprised...
Policy & Regulation
Disclosure is no longer the ‘silver bullet’ it once was, according to a report by the Australian Securities and Investments Commission, which examined the effectiveness o...
Superannuation
Running a SMSF is $8,900 cheaper than what ASIC believes, according to the SMSF Association....
Policy & Regulation
Nicholas James Ellis has been sentenced for making false or misleading statements to obtain money from clients and fraudulent misappropriation of client funds....
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MARKET INSIGHTS
Podcast
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...