ASIC

Financial planning

ASIC bans financial adviser for five years

ASIC has banned Roan Financial Group’s Darren Tindall from providing financial services for five years after the FPA received a complaint against him for dishonest conduc...

Editorial

Churn: Real or politically expedient?

Was the life insurance industry ever really guilty of “excessive” churn or was churn a means to a politically-motivated end?...

Editorial

ASIC’s concerns on vertical integration and best interests

The Australian Securities and Investments Commission has left Federal Parliamentarians in no doubt that it has concerns about the compatibility of vertical integration wi...

Features

SMSF advisers – A convergence? – SMSF Feature Part 1

Accountants remain the most trusted advisers for SMSF clients but with licensing take-up remaining low following the accountants' exemption, what will this mean for SMSF ...

Policy & Regulation

ASIC warns on vertical integration and APLs

The Australian Securities and Investments Commission has warned that while open APLs might help, the benefits will be undermined by vertical integration and conflicts of ...

Financial planning

RG 146 requirements may become tougher

ASIC has signalled the possibility that higher education standards for planners may also extend to RG 146....

Financial planning

ASIC license conditions imposed on NAB super trustee

A breakdown in internal procedures has resulted in licence conditions being imposed on NAB’s superannuation trustee relating to MLC Masterkey products....

Policy & Regulation

ASIC does well on own self-assessment

The Australian Securities and Investments Commission has given itself a solid pass mark on its own self-assessment....

Financial planning

Former financial adviser’s appeal upheld

The Administrative Appeals Tribunal (AAT) has upheld an appeal by former financial adviser, Tony Davidof, against ASIC’s decision....

Policy & Regulation

ASIC’s review of mortgage broking in spotlight

The results of an Australian Securities and Investments Commission review of mortgage broking may prove pivotal in changing commission arrangements....

Financial planning

ASIC cancels AFS licence for Sydney company

ASIC has cancelled the AFS licence of a Sydney-based firm, Core Insurance, for failing to lodge financial statements and auditor reports. ...

Accounting

IPA proposes co-regulatory model with ASIC

A co-regulatory model in relation to ASIC’s responsibilities would boost ASIC’s capacity to fulfil its responsibilities, the IPA believes....

Superannuation

Does ASIC lack expertise on super and funds management?

An industry submission has accused ASIC of falling short on superannuation and funds management due to its lack of expertise....

Superannuation

Govt warned on ASIC ‘prosecutorial culture’

The Government has been urged to ensure ASIC does not get to pocket the proceeds of its successful regulatory prosecutions to prevent the emergence of a ‘prosecutorial cu...

Financial planning

ASIC takes action against Westpac entities

ASIC commenced civil penalty proceedings against Westpac entities, WSAL and BTFM, for their sales campaigns targeting superannuation fund members. ...