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ASIC
Funds management
ASIC is seeking Federal Court of Australia approval to restrain Whitebox Trading and its principal from financial services following an investigation....
Life/Risk
ANZ’s OnePath subsidiary is set to pay $4.5 million in compensation over breaches relating to its life, general insurance, superannuation and funds management activities....
Features
Amid the overwhelmingly negative media coverage of alleged problems within CommInsure’s claims handling procedures, something important was overlooked — a number of major...
Tools & guides
Mike Taylor writes that while much attention has focused on adviser remuneration over the past two years, insurance claims handling has deserved equal scrutiny....
Editorial
Corporations that merely pay lip-service to compliance and culture can expect little leniency from the Courts. Companies can face consequences, from penalties and liabili...
Policy & Regulation
ASIC calls on financial services organisations to enforce good cyber-security practices with the launch of an industry-wide report focusing on cyber resilience....
Financial planning
NAB said former Victorian NAB adviser banned by ASIC left the bank in September 2013 after concerns were raised about his misconduct....
Financial planning
The Australian Securities and Investments Commission has revealed the degree to which it is scrutinising financial services transactions and the way they are reported....
Financial planning
Three financial services licensees have removed the term “independent” from their website and marketing material after ASIC found they received commissions and volume-bas...
Policy & Regulation
Life insurers will have to change the price structure of policies offered through car dealerships or face further regulatory reform, ASIC warns....
Editorial
Industry funds who have been alleging the banks offer inducements to employers to select particular default funds need to be careful what they wish for....
Financial planning
ASIC has accepted EU from Sino Investment Services and its sole director after concerns over its compliance with financial services laws....
Financial planning
Both ASIC and the Tax Practitoners Board have warned accountants of the potential high cost of not being licensed....
Superannuation
A Sydney-sider is facing up to 20 years imprisonment, after being charged with dishonestly obtaining a financial advantage by deception in relation to SMSF property inves...
Financial planning
ASIC bans former Guardian Advice insurance adviser for annually replacing clients’ insurance policies to boost commissions without considering clients’ best interests....
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MARKET INSIGHTS
Podcast
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?...