ASIC

Policy & Regulation

ASIC pursues court action against banned adviser

Eighteen months after he was permanently banned by the Australian Securities and Investments Commission, an Adelaide adviser is now facing charges brought by the regulato...

Policy & Regulation

New minister Hume faces continuing Trio/Astarra claims

The newly-installed Assistant Minister for Financial Services, Senator Jane Hume, is being asked to review why the Government did not compensate some Trio/Astarra collaps...

Policy & Regulation

Law Council fires warning shot at ASIC’s Crennan

The Law Council of Australia has fired a warning shot over the bows of the Australian Securities and Investments Commission deputy chairman, Daniel Crennan QC, over comme...

Superannuation

ASIC amends relief conditions for superannuation and retirement calculators

The Australian Securities and Investments Commission has amended relief conditions for superannuation and retirement calculators....

Policy & Regulation

ASIC issues retail OTC warning

The Australian Securities and Investments Commission has issued another clear warning to retail Over the Counter derivatives traders about the limitations of their licens...

Policy & Regulation

Macquarie Securities pays $300,000 infringement notice

Macquarie has paid a $300,000 penalty to comply with an infringement notice given by the MDP....

Life/Risk

Retail insurance laws to require greater diligence from sellers

While the new design and distribution obligations for retail insurance products will impact insurers more, sellers of retail insurance products will still see some new re...

Policy & Regulation

Law will follow crypto sellers overseas, ASIC warns

The Australian Securities and Investments Commission has cautioned that simply selling crypto products offshore won’t stop the regulatory from enforcing business’ domesti...

People & Products

Keybridge Capital CEO returns after ASIC ban

Keybridge Capital’s Nicholas Bolton has returned to his chief executive role following expiry of a ban made by the Australian Securities and Investments Commission (ASIC)...

Financial planning

Industry funds become corporate super advice turnkey

Industry superannuation funds are winning more corporate superannuation mandates and therefore making the choices about who provides financial advice....

Policy & Regulation

Hume faces immediate FASEA challenges

When the new assistant minister for Superannuation, Financial Services and Financial Technology, Jane Hume is sworn in tomorrow she will face some significant challenges ...

Superannuation

ASIC chooses industry fund default

The Australian Securities and Investments Commission has chosen AustralianSuper as the default fund for all new employees from 1 July, this year....

Financial planning

AFSL applicants need to act fast on PI cover

With the Royal Commission resulting in a tougher insurance market, organisations looking to get professional indemnity cover should act quickly to ensure they’re not left...

Financial planning

How ANZ OnePath ramped up grandfathering language

Two letters sent to superannuation fund members by ANZ OnePath have revealed a significant strengthening of language about how members should go about ending the payment ...

Policy & Regulation

Financial services gets minister with inside knowledge

With a background in banking, investment banking and even industry funds, Senator Jane Hume will bring an almost unprecedented level of knowledge to the financial service...