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ASIC
Life/Risk
A new report on general insurance disclosure reveals a desire to steer clear of the personal advice regime and a push to get ASIC relief to do so. ...
Policy & Regulation
ASIC has disqualified Abe Samuel from being approved as an SMSF auditor on the grounds of a breach in auditor independence requirements. ...
Financial planning
ASIC has imposed new licence conditions on Morgans Financial Limited after it found several breach incidents over recent years. ...
Superannuation
Manoj Abichandani has been disqualified from being an approved SMSF auditor by ASIC after providing deliberately misleading statements....
Life/Risk
ASIC has secured orders permanently restraining a real estate group from encouraging clients to establish an SMSF in order to invest in property....
Financial planning
ISA claims ASIC’s fee disclosure requirement update leaves consumers in the dark on fees charged by ‘for-profit’ superannuation funds run by banks. ...
Financial planning
Suncorp Life announced it will exit from its Guardian Advice and Suncorp Financial Planning businesses mid-2016, affecting the jobs of around 170 advisers....
Superannuation
ASIC is investigating reports of property developers offering advisers commissions to encourage SMSFs to invest in their projects....
Financial planning
ASIC has accepted EUs from three J.P. Morgan foreign financial services providers for failing to comply with disclosure requirements of ASIC’s exemptions....
Funds management
The assets of three investment companies have been frozen, following an investigation by ASIC surrounding the improper disclosure of publicly solicited funds....
Funds management
ASIC has consulted on addressing ‘sunsetting’ class orders on horse racing syndicates and horse breeding schemes....
Policy & Regulation
ANZ will pay approximately $13 million in compensation after failing to accurately apply bonus interest to customers’ Progress Saver Accounts for a number of years. ...
Life/Risk
A Melbourne-based property developer will spend a minimum of three years behind bars for his role in misappropriating more than $750,000 of investors’ funds....
Policy & Regulation
GE Money has changed its promotion of personal loans and debt consolidation loans after ASIC found it to be potentially misleading....
Financial planning
A former Perth-based financial adviser has been permanently banned from the financial services industry over her conduct in advising SMSF clients....
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Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...