ASIC
Policy & Regulation
ASIC will continue to focus on good culture in financial institutions but will find it a beast to regulate given it is a vague concept, a law firm says....
Accounting
ASIC accepts enforceable undertaking from a liquidator at an Adelaide-based accounting firm after he failed to adequately investigate and document findings....
Funds management
ASIC releases consultation paper to remake three class orders relating to underlying investments into a single instrument....
Superannuation
Inconsistencies in the assumptions used by various superannuation calculators have the potential to damage consumer trust, Chant West reports....
Superannuation
ASIC has disqualified a third person this week from being an approved self-managed super fund auditor....
Financial planning
ASIC has permanently banned former Equititrust CEO, Mark McIvor from providing financial services after he breached a law. ...
Life/Risk
TAL Direct, trading as InsuranceLine, paid a $10,200 penalty for a false and misleading advertisement for its Income Protection Plus product ...
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....
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