ASIC

Financial planning

Licensees urged to counter-punch on churn data

Licensees have been urged to pre-arm themselves with replacement premium registers to counter accusations of churn....

Financial planning

Former AMP Financial Planning adviser banned

ASIC has banned a former AMP Financial Planning authorised representative from providing financial services for eight years after finding he had engaged in forgery and mi...

Financial planning

Former Sentinel adviser banned

ASIC has banned a former Sentinel Private Wealth authorised representative from providing financial services for five years after he failed to comply with financial servi...

Financial planning

Former planner jailed for seven years

A former Queensland financial planner has been jailed for seven years on charges including forgery and fraud....

Superannuation

That seat in the corporate box may be illegal

ASIC has pointed out that super funds which offer employers seats in their corporate boxes at major sporting events may be guilty of providing an illegal inducement. ...

Superannuation

Regulators urge action over talk

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

AAT stays ASIC’s ban of former adviser

The AAT has stayed the ASIC banning of former financial adviser, Michael Spencer, for engaging in warrant price manipulation....

Financial planning

ASIC advice levy to cost $24m

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 permanently bans Brisbane financial adviser

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 bans Brisbane financial adviser

ASIC has banned Brisbane life insurance financial adviser, Christopher Young, for five years as he failed to act in his clients’ best interest....

Outsider

ASIC smoking with a Hallelujah moment

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 suspends licence of Paramatta firm

ASIC has suspended the AFSL of Paramatta-based firm, Rural and General Insurance Broking, for failing to lodge financial statements....

Financial planning

ASIC bans former NSW adviser

ASIC has permanently banned former NSW financial adviser, Ashley Grant Howard, after a lengthy investigation....

Life/Risk

Property group consents to extend ASIC interim orders

Macro Realty Group director, Desiree Macpherson, has consented to interim orders from ASIC obtained in a Perth Federal Court earlier this year....

Financial planning

Former QLD adviser banned

ASIC has permanently banned a former Queensland authorised representative of an insurance product distributor after being sentenced for fraud and stealing....