ASIC

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....

Financial planning

First planners, now accountants warn of exodus

A major accountancy body has warned the Australian Securities and Investments Commission that rising levies may promote an exodus by accountants working under limited pla...

Policy & Regulation

Hacker hit with three-year jail stint for insider trading

Hacking a publisher’s Wi-Fi network with the intention of insider trading, engaging in insider trading, and deleting data from devices being examined by ASIC have seen an...

Financial planning

Compliance issues continue to erode BOLR pay-outs

The private contractual nature of Buyer of Last Resort arrangements has served to leave the major planning organisations on the sidelines as advisers see their pay-outs e...

Superannuation

Firms reminded on exit fees ahead of PYSP

ASIC is reminding product issuers that as part of their implementation of Protecting Your Super Package, they need to take care that, from 1 July 2019, Product Disclosure...