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ASIC
Financial planning
Former Astarra Asset Management director Eugene Liu will remain banned from providing financial services after the AAT affirmed ASIC’s original banning order....
Financial planning
Mariner has stated it would not take an active part in proceedings by ASIC against former directors but did not consent to Court orders sought by ASIC or admit to any all...
Financial planning
The Macquarie Group has announced a $678 million half year profit with its banking and financial services and managed funds business contributing heavily to the group’s p...
Financial planning
ASIC has released figures stating it could conduct surveillance of top 50 planning groups in 18 months....
People & Products
Quantum Financial principal Claire Mackay has been appointed to ASIC's external advisory panel. ...
Financial planning
An ASIC review of general insurance sales has revealed that PDSs are falling short and that insurers are seeking to steer clear of personal advice....
Life/Risk
Suncorp has finished remediating its life and general insurance businesses after breaches that saw the insurer pay back $23 million to customers. ...
Financial planning
FOS chief obudsman, Shane Tregellis rejects calls for a limit to its monetary jurisdiction and claims those urging a more legalistic approach are ingoring recent changes....
Financial planning
ASIC has ordered NAB to tweak claims on its home loan rate advertisements, as part of its crackdown on false and misleading advertising. ...
Financial planning
Victims of Financial Fraud group lash Medcraft’s call for tougher penalties, citing regulator’s past failures....
Financial planning
The Federal Government has set a date for the rollout of its public adviser registry, which licensees will fund via increased lodgement fees up to $44. ...
Life/Risk
Rice Warner says upfront life commissions can be justified where advisers have done the hard yards on initial advice....
Financial planning
ASIC has pointed to its remediation work with Macquarie Private Wealth as one of its steps towards the regulator “doing a better job”. ...
Funds management
ASIC has been told there needs to be greater clarity between what represents a ‘fee’ and a ‘cost’ in Product Disclosure Statements....
Financial planning
ASIC has cancelled the licence of Custom Wealth Solutions Dealer Services after the group entered into external administration earlier this year....
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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...