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ASIC
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...
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....
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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...
So we are now underwriting criminal scams?...