ASIC

Policy & Regulation

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...

Editorial

Is Frydenberg’s roadmap leading up a blind alley?

The financial advice industry is facing yet another layer of bureaucracy as a result of the Government’s so-called Royal Commission Implementation Roadmap but the ultimat...

Policy & Regulation

ASIC waves big stick on adoption of regtech

The Australian Securities and Investments Commission has told financial planning firms it expected them to “keep up” with the implementation of regtech....

Financial planning

Centrepoint looks to grow adviser numbers

Centrepoint chief executive, Angus Benbow, makes no bones about the group’s desire to grow the number of planners working under its license....

Policy & Regulation

ASIC wealth management investigations soar by 216%

The Australian Securities and Investments Commission has increased investigations into wealth management by 216 per cent in the last six months....

Policy & Regulation

ASIC proposes ban on retail binary options and CFDs

The Australian Securities and Investments Commission has proposed a ban on the sale of binary options and contracts for difference to retail clients....