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ASIC
Superannuation
Both APRA and ASIC have warned of considerable reputational damage to insurers and super funds if they do not turn talk of improvements into actions....
Financial planning
The AAT has stayed the ASIC banning of former financial adviser, Michael Spencer, for engaging in warrant price manipulation....
Financial planning
The financial advice industry could be expected to pay $24 million in levies to fund ASIC under the industry funding model, with much of it falling on personal advice pro...
Financial planning
ASIC has permanently banned Brisbane financial adviser, George Karakatsanis, from providing financial services for not acting in the best interest of his clients....
Financial planning
ASIC has banned Brisbane life insurance financial adviser, Christopher Young, for five years as he failed to act in his clients’ best interest....
Outsider
Outsider has some good news for financial planners and others regulated by ASIC — Peter Kell has admitted madly wasting money and resources....
Financial planning
ASIC has suspended the AFSL of Paramatta-based firm, Rural and General Insurance Broking, for failing to lodge financial statements....
Financial planning
ASIC has permanently banned former NSW financial adviser, Ashley Grant Howard, after a lengthy investigation....
Life/Risk
Macro Realty Group director, Desiree Macpherson, has consented to interim orders from ASIC obtained in a Perth Federal Court earlier this year....
Financial planning
ASIC has permanently banned a former Queensland authorised representative of an insurance product distributor after being sentenced for fraud and stealing....
Financial planning
ASIC has highlighted that AFSLs must have access to financial adviser records for the required period, while representatives must also keep records....
Superannuation
ASIC has disqualified an SMSF auditor who audited a fund of which he was a member and trustee....
Financial planning
ANZ, NAB, CBA, Westpac and AMP licensees have paid around $23.7 million in refunds for fees charged without the actual provision of advice, with the refund total likely t...
Financial planning
ASIC’s guidance on digital advice providers’ accountability is controversial as traditional advisers may use technology to automate seemingly trivial documentation, accor...
Outsider
Outsider was both amused and amazed at Greg Medcraft's decision to not only answer questions posed by the Parliamentary Committee but go the extra mile to tell them offen...
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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...