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ASIC
Financial planning
A purpose-built, client focused package could signal major turning point for the international and Australian industry, says CEO Nic Pollock. ...
Policy & Regulation
Australia and New Zealand Banking Group (ANZ) is refunding $5 million to basic account holders for incorrect late payment and over limit fees. ...
Superannuation
CMH Financial Group is under an enforceable undertaking after ASIC found the firm to be giving SMSF advice that was not in their clients’ best interest....
Financial planning
The Australian Securities and Investments Commission (ASIC) has given the green light to businesses to provide customers with information in digital form....
Outsider
Everyone should be allowed a victory lap, even the chairman of the Australian Securities and Investments Commission (ASIC), Greg Medcraft. ...
Editorial
ASIC has signalled it will be closely examining the claims-handling of the major life/risk insurers, but Mike Taylor asks whether the regulator is simply the policeman wh...
Financial planning
Lewis Anthony Wright Fellowes allegedly obtained money from his clients’ margin loan accounts and used the money for his own use....
Financial planning
ASIC has released a consultation paper on guidance for robo-advice providers, highlighting that licensees should appoint human advisers to monitor and test digital advice...
Superannuation
A Melbourne publisher's superannuation scare campaign has ended in a $21,600 ASIC penalty. ...
Life/Risk
ASIC has accepted an EU from Barakah Properties following concerns on how it raised funds to build an Islamic School in Melbourne. ...
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...
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The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
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...