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ASIC
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...
Life/Risk
ASIC has told the Government that consumers need to know that in the event of a product failure, uncompensated losses are usually attributable to smaller advisory firms....
Financial planning
ASIC has confirmed it will be relying on professional associations to administer planner codes of conduct with the ultimate sanction being a planner’s loss of membership ...
Life/Risk
Insurers still involved in remuneration arrangements regarded as conflicted can expect a tough approach from ASIC....
Funds management
ASIC was seeking orders to wind up investments and technology companies, Gognos Holdings and Dynamic Agri Tech....
Financial planning
Former Equititrust CEO, Mark McIvor, remains permanently banned from providing financial services....
Accounting
ASIC has admitted granting accountants the longest-ever licensing transition arrangements yet most still managed to miss their deadline....
Financial planning
ASIC has cancelled the financial services licence of Western Australian company, Macro All State Investments & Securities Limited....
Life/Risk
The Government should ban sales commissions on life insurance to better protect consumers, Industry Super Australia said....
Life/Risk
Under investigation by ASIC, CommInsure has paid claims totalling $2.5 million after updating its definitions....
Policy & Regulation
The obligations flowing from the FSC’s Life Insurance Code of Conduct may extend beyond its members with the Federal Government signalling it wants the code to carry ASIC...
Financial planning
Findex Group and Financial Index Australia have been fined $10,800 each for misleading claims on the Findex website, ASIC said....
Financial planning
ASIC has permanently banned a Tasmanian adviser from providing financial services due to false information in relation to his qualifications....
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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...