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ASIC
Life/Risk
The Australian Securities and Investments Commission has confirmed shelf space fees charged by advice licensees to life insurers mostly remain legal, for now....
Superannuation
ASIC has disqualified an SMSF auditor after he audited the fund of a close family member and breached audit evidence requirements....
Financial planning
A former mortgage broker from ALC Group has been sentenced to more than eight years’ imprisonment after pleading guilty to deception....
Financial planning
Many financial advisers are already using better statements of advice than the sample SOA being proposed by the Australian Securities and Investments Commission, accordin...
Financial planning
The Australian Securities and Investments Commission has laid bare the reality that professional indemnity insurance doesn’t adequately protect the interests of consumers...
Financial planning
A former NAB financial adviser has appeared in court after ASIC brought two charges against him that he forged financial planning documents....
Financial planning
The Australian Securities and Investments Commission has placed the platform industry on notice around the new standards of fee transparency it will be enforcing....
Policy & Regulation
The Australian Securities and Investments Commission has nominated life/risk churn as an area still high on its agenda and deserving of new expenditure....
Superannuation
If industry funds are donating or otherwise transmitting money to trade unions, the Australian Securities and Investments Commission says it won’t necessarily know....
Financial planning
Apple and Google have removed binary option mobile apps from their app stores after a review from ASIC that found over 330 apps appeared to be unlicensed....
Financial planning
ASIC has accepted an EU offered by Financial Index Australia after surveillance found various concerns in policies and procedures in its financial advice business....
Life/Risk
A land banking scheme in Geelong with a cancelled Australian Financial Services License has been closed by the Australian Securities and Investments Commission....
Financial planning
ASIC’s Greg Medcraft has used a speech to emphasise the need for all Australians approaching retirement to seek financial advice to navigate the complexities....
Editorial
The Federal Opposition will be on the right track in pursuing a review of the financial services regulatory settings, but only if it aims to identify the failings while f...
Financial planning
Financial Choice, run by ASIC chair, Greg Medcraft’s cousin, Russell Medcraft, has been fined over $21,000 for misleading representations....
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Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...