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ASIC
Policy & Regulation
The frequent contact between ASIC commissioners and the chief executives and boards of the institutions they regulate is purely professional, ASIC’s chair has told the Ro...
Financial planning
At the same time as confirming Westpac has lost around half its authorised representatives since 2015 the bank’s chief executive has also confirmed a proposed industry so...
Financial planning
Commonwealth Bank chief executive, Matt Comyn has cited fee for no service as being one of the bank’s key shortcomings and claimed key executive personnel had failed to u...
Policy & Regulation
UBS Securities has been slapped with a $120,000 penalty by the regulator’s Markets Disciplinary Panel after it had reasonable grounds to believe that UBS contravened mark...
Funds management
DomaCom has announced that its senior equity release has cleared final regulatory hurdle after six years....
Policy & Regulation
The securities regulator has banned Yossef Ashkenazi of Victoria from providing financial services for a period of eight years....
Policy & Regulation
The Royal Commission will today begin its final round of hearings looking at what caused the misconduct and what can be done to fix those causes....
Policy & Regulation
The Australian Securities and Investments Commission has pointed to the recent adverse publicity around the financial services industry having driven up the level of whis...
Policy & Regulation
A former Perth financial services representative has been banned from providing financial services following a Court conviction for four counts of stealing....
Financial planning
Industry Super Australia has objected to exempting personal financial advice from product design and distribution obligations, arguing planners need to be held responsibl...
Policy & Regulation
The Australian Securities and Investments Commission has declared that just because behaviour is lawful does not make it an excuse where consumer detriment is concerned....
Life/Risk
The Financial Services Council wants to extend its insurance code of conduct to “all life insurance distributors”....
Financial planning
The Federal Court has ordered Westpac to pay a $3.3 million penalty for its involvement in setting the BBSW in 2010. ...
Financial planning
The Australian Securities and Investments Commission has signalled it will not be pressing to ban life/risk commissions at least until after it has reviewed the effective...
Superannuation
Commercial property lender Thinktank has urged regulators and the Government not to ban the use of limited recourse borrowing arrangements within SMSFs....
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MARKET INSIGHTS
Podcast
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...