ASIC

Policy & Regulation

FPA urges ASIC to act on fee comparability

The Financial Planning Association has urged the Australian Securities and Investments Commission to act to ensure financial product manufacturers more consistently revea...

Superannuation

ASIC proposals could worsen transparency problem

Changes to superannuation fee disclosure proposed by ASIC to improve transparency won’t solve the problem and could just increase confusion for consumers....

Superannuation

Minimal super changes welcomed by Actuaries

A positive budget outlook should spur important long-term policy direction, according to the Actuaries Institute....

Policy & Regulation

Budget delivers on ASIC and APRA funding

The Government has confirmed its funding promises with respect to the Australian Securities and Investments Commission and the Australian Prudential Regulation Authority....

Financial planning

Is the end of general advice finally nigh?

The use of the term ‘general advice’ may finally be ending after a finding by ASIC that the division between personal and general advice confused consumers, according to ...

Policy & Regulation

ASIC ups levies despite Budget funding boost

The Australian Securities and Investments Commission has announced increases in its levy demands on financial planning firms despite substantial increases in funding to b...

Financial planning

Consumers confusing general and personal advice

Many consumers are worryingly unaware of the distinction between general and personal advice, with 47 per cent of Australians incorrectly identifying general advice....

Policy & Regulation

Are there still things to hide in financial services?

The chairman of the Australian Securities and Investments Commission, James Shipton has suggested that those who are pushing back against the regulator may still have som...

Policy & Regulation

Banks on PAYG for ASIC oversight

The Federal Government has moved to amend the regulatory settings to ensure the banks and other major financial institutions pay appropriately for close and continuous mo...

Policy & Regulation

Frydenberg takes financial services prosecutions federal

The Federal Government has budgeted to break new ground by shifting financial services criminal prosecutions away from the states and into the jurisdiction of the Federal...

Policy & Regulation

ASIC and APRA already Budget winners

The Australian Securities and Investments Commission and the Australian Prudential Regulation Authority have already been identified as major funding winners from next mo...

Policy & Regulation

Linchpin, Endeavour placed into liquidation

Linchpin and Endeavour have been placed into liquidation following action by the Australian Securities and Investments Commission. ...

Policy & Regulation

ASIC cancels accounting firm licenses

The Australian Securities and Investments Commission has broken new ground cancelling the licenses of two accounting firms for failing to obtain membership of the Austral...

Policy & Regulation

FSC told to make insurance code enforceable

The Financial Services Council has received a clear message from the Government that it needs to make its Life Insurance Code of Conduct enforceable....