ASIC

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...

Policy & Regulation

ASIC reveals 129% surge in wealth management probes

The Australian Securities and Investments Commission has revealed just how much it has increased its focus on wealth management investigations over the past 14 months....

Financial planning

FPA canvasses confidential information sharing with ASIC

The Financial Planning Association has backed its push for co-regulation and enforceable codes with a call for confidential information sharing with the Australian Securi...

Financial planning

AAT upholds ASIC ban of client adviser

The AAT has affirmed ASIC’s to ban Mark Menzies from providing financial services, after he had engaged in manipulation of the price of MINI Warrants commonly known as “M...

Financial planning

ASIC foreshadows ‘novel’ instances from legacy complaints

As financial planning firms worry about whether their professional indemnity insurance will cover legacy complaints, the Australian Securities and Investments Commission ...

Policy & Regulation

Planning firms should brace for legacy complaints

Financial planning firms should brace for an influx of legacy complaints in the wake of the Australian Securities and Investments Commission clearing the final regulatory...