ASIC
Policy & Regulation
ASIC has initiated court action against Westpac Banking Corporation over alleged manipulation of the bank bill swap rate....
Financial planning
A former Aussie mortgage broker is facing a potential jail sentence over allegations she falsified loan applications totalling $2.7 million....
Financial planning
Eighteen months after it began its Wealth Management Project, ASIC confirms it is maintaining its surveillance of planners....
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....
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Podcast
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...