ASIC

Policy & Regulation

Sydney-based financial planning firm enters into liquidation

Sydney-based financial planning firm Jade Private Wealth has entered into receivership....

Policy & Regulation

ASIC proposes ban on direct telephone life sales

The Australian Securities and Investments Commission has started a consultation process ahead of a proposal to ban unsolicited telephone sales of direct life insurance....

Financial planning

VOFF accuses Labor of “politicising a crime” in Trio fraud

Aussie politicians make “politicised and dishonest decisions about ‘fraud’” despite having no law enforcement of forensic investigation skills, Victims of Financial Fraud...

Policy & Regulation

ASIC cancels licence of Sydney financial services provider

The Australian Securities and Investments Commission has cancelled the licence of Sydney-based Australian Mutual Holdings after the banning of its joint executive directo...

Policy & Regulation

ASIC targets licensees over lack of AFCA membership

Over 50 financial services and credit licensees have been formally suspended or cancelled by the Australian Securities and Investments Commission after failing to obtain ...

Features

Everyone’s responsibility to be invested in the planet’s future

Responsible Investment Association Australasia chief executive, Simon O’Connor writes that while ESG investing may have become mainstream it is still a work in progress....

Policy & Regulation

Former Adelaide financial adviser sentenced

Former Adelaide financial adviser James Gibbs has been sentenced for 10 years imprisonment to theft and other dishonesty offences, totalling approximately $4.88 million....

Policy & Regulation

ASIC targets payday lenders with new powers

The Australian Securities and Investments Commission has proposed the first use for its product intervention powers will be addressing significant consumer detriment in t...

Financial planning

Add-on insurance regulation unclear

While the creation of a deferred sales model (DSM) to regulate the sale of add-on insurance was explicitly recommended by Commissioner Kenneth Hayne the industry is being...

Funds management

Responsible investing lead to better performance

The funds that have incorporated responsible investing principles outperformed most mainstream Australian and international peers, according to a report by the Responsibl...

Policy & Regulation

ASIC permanently bans former financial planner

ASIC has permanently banned former financial planner Neil John Evans of Wodonga, Victoria, from providing financial services following multiple examinations of his conduc...

Policy & Regulation

Whistleblowers receive greater protection

Corporate whistleblowers will have stronger rights and protections from today after the Australian Securities and Investments Commission updated regulatory guidance. ...

Features

What is wrong with alternatives?

Alternatives present a broad spectrum of assets available to investors. With such a wide variety to choose from, Laura Dew looks at how investors can determine which are ...

Policy & Regulation

ASIC bans adviser for ‘templated’ financial advice

Taking a templated approach to financial advice has seen a financial adviser banned from providing financial services by the Australian Securities and Investments Commiss...

Policy & Regulation

ASIC says it can intervene irrespective of legal breaches

The Australian Securities and Investments Commission is arguing it can exercise its product intervention powers even if there has been no breach of the law....