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ASIC
Financial planning
The Australian Securities and Investments Commission has fixed a regulatory anomaly which was unjustifiably hindering full AFSL-holders in delivering tax-exempt advice....
Financial planning
ASIC has cancelled the financial services licence of Gallop International Group, formerly known as Weather Pro Exchange....
Policy & Regulation
The industry superannuation funds want the breach reporting regime to be toughened claiming bank licensees are exploiting deficiencies and still paying commissions to adv...
Funds management
The collapse of MFS Group and the Premium Income Fund had its corollary in the Queensland Supreme Court today with the five most senior executives suffering long disquali...
Policy & Regulation
The government has reappointed Cathie Armour as a full-time member of the Australian Securities and Investments Commission....
Policy & Regulation
The Government has been warned against allowing the new licensee self-reporting regime to result in people being named and shamed without adequate proof....
Financial planning
The major banks are facing a compensation bill well over $200 million as the Australian Securities and Investments Commission delves deeper into the “fees for no service”...
Financial planning
ASIC has accepted an enforceable undertaking from Macquarie Bank after the bank was found to have inadequate systems and controls to address inappropriate conduct in its ...
Funds management
ASIC will be appointing an independent consultant to oversee elements of the FX enforceable undertaking acceptance by Macquarie Bank....
Financial planning
Stuart Arnold-Levy and David Heycock have been banned from providing financial services after an ASIC investigation....
Policy & Regulation
The Australian Securities and Investments Commission has obtained Federal Court orders against an advice firm accused of FoFa breaches....
Editorial
Financial services product manufacturers should be prepared to stand behind their offerings and ensure they are directed to the right consumers by the right people....
Features
Col Fullagar reviews ASIC’s life insurance industry report and finds there are some serious issues in the claims management protocols of potentially all insurers....
Financial planning
The Financial Planning Association’s bid to become a code-monitoring body has taken another step with the appointment of two senior lawyers to oversee its Conduct Review ...
Financial planning
A debt solutions firm has been given an infringement notice and two others have been investigated by the Australian Securities and Investments Commission for misleading a...
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The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
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...