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ASIC
Superannuation
ASIC’s comments on the preferred minimum of $200,000 for SMSFs in its new guidance papers has been criticised by lawyers stating the regulator has been deeply ill-informe...
Financial planning
NAB said it would compensate almost 62,000 customers after a review found errors and processes on its Navigator platform dating back to 2001, before NAB acquired Aviva in...
Policy & Regulation
The Federal Government will undertake a review of ASIC looking into how the regulator uses its current resources and staff....
Superannuation
ASIC has cast doubt around the viability and purpose of SMSFs set up with less than $200,000, stating it would examine advice related to their creation....
Superannuation
Omniwealth has paid a $10,200 penalty after ASIC issued an infringement notice that had concerns its website had potentially misleading claims....
Financial planning
Misleading and dishonest conduct has landed two Perth-based finance brokers in hot water after investigations by the Australian Securities and Investments Commission resu...
Editorial
Mike Taylor writes that the reporting of breaches needs to be accepted as not only a legal obligation but part and parcel of running a financial services company. ...
Superannuation
ASIC has disqualified SMSF auditor Peter Brennan after his performance was found to be deficient along with failing to provide audit reports to three funds....
Life/Risk
ASIC’s continuing investigation of ACE Insurance results in an adviser being permanently banned....
Policy & Regulation
After two breaches of financial services law Allianz have refunded about 20,000 customers over $1.4 million....
Financial planning
A life/risk adviser has been banned for four years by ASIC who acted on information provided by his licensee, Risk Advice Specialists, which has ceased to trade....
Financial planning
A former credit representative has been given 350 hours of community services after investigations by ASIC found he was guilty to three charges of creating false document...
Financial planning
ASIC has banned a former Provident Capital director from providing financial services for two years, after finding he had engaged in misleading or deceptive conduct in re...
Financial planning
Payday lender Money3 will refund $100,000 to consumers following breach concerns from ASIC, despite finding it did not violate its responsible lending obligations....
Life/Risk
ASIC has forced One Big Switch to review its legal compliance after the group operated without a licence....
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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...