ASIC

Financial planning

Proposed Code Monitoring Authority will be ready to roll

The Code Monitoring Authority established by the major financial planning associations will be ready to roll if, and when, it gains sign-off from the Australian Securitie...

Policy & Regulation

ASIC refuses to reveal its methods

High risk hedge funds are still under scrutiny by the Australian Securities and Investments Commission but the regulator is refusing to reveal how it is going about its b...

Policy & Regulation

ASIC fines publisher over misleading promo guide

The Australian Securities and Investments Commission has found Port Phillip Publishing (PPP) and its former director Kristan Sayce liable for printing a misleading guide ...

Policy & Regulation

ASIC still negative on broker commissions

The Australian Securities and Investments Commission has signalled its continuing scepticism about mortgage broker commissions while claiming consumer research has valida...

Financial planning

ASIC to review large number of advice files

Financial advisers are facing yet more scrutiny by the Australian Securities and Investments Commission as it drills down on a large number of advice files....

Policy & Regulation

ASIC flags criminal prosecutions

The Australian Securities and Investments Commission has signalled it will make an example of wrong-doers while suggesting that misconduct by some major financial institu...

Superannuation

Super members need advice but not willing to pay high price

One-in-seven employed people are likely to require financial advice each year but are not willing to pay more than $500....

Financial planning

ASIC outlines crackdown on super advice

The Australian Securities and Investments Commission has signalled a tougher and more targeted approach to advice within superannuation....

Policy & Regulation

Bundaberg adviser banned four years

Peter Goudie has been banned by ASIC for prioritising his own interest over his clients’ and not providing SOAs....

Financial planning

Are intra-fund advisers really tied agents?

A financial planning principal has questioned whether salaried advisers employed by industry funds to provide intra-fund advice are really just a modern version of the ol...

Financial planning

Institution size a consideration

Australians have a sense of security when they seek financial advice from larger institutions and advisers should consider this if looking to move to smaller licensees, w...

Policy & Regulation

ASIC approves AFCA naming firms

The Australian Securities and Investments Commission has changed the rules to allow the Australian Financial Complaints Authority to name firms....

Financial planning

ASIC research confirms value of advisers

New research undertaken by the Australian Securities and Investments Commission has confirmed that consumers who use advisers actually value them, but that the industry r...

Policy & Regulation

ASIC sues NAB for unlicensed home loan introducers

ASIC has sued NAB for dealing with unlicensed home loan introducers in one of the first pieces of litigation resulting from the Royal Commission....

Features

Law and order… and ASIC

The financial services regulator responded to Royal Commission criticism with a ‘why not litigate?’ approach. Jassmyn Goh finds out what this means for advisers and how t...