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ASIC
Financial planning
A Queensland adviser has been given a hold on a five-year ban from ASIC following a hearing at the Administrative Appeals Tribunal....
Financial planning
The six largest financial planning institutions can expect a visit from ASIC which will examine their compliance with high-risk advice areas....
Financial planning
ASIC warns that commissions may continue to exist within MIS arrangements despite the FOFA changes....
Financial planning
ASIC deputy chairman, Peter Kell, says the regulator will be taking a clsoe look at professional indemnity insurance in coming months....
Life/Risk
The corporate regulator is not seeking any changes to PI insurance requirements for advisers stating that ‘tinkering’ would not deal with problems related to claims or di...
Funds management
The corporate regulator will consider model portfolios as a suitable investment under best interest duties if they do not adopt mechanistic processes on selecting assets ...
Financial planning
A South Australian finance broker has pleaded guilty to forging a memorandum of mortgage, to defraud $170,000 from an investor....
Financial planning
Banning upfront commissions on insurance products is not the answer to weeding out unscrupulous advisers, according to The Boutique Financial Planning Principals’ Group (...
Financial planning
ASIC has secured a restraining order preventing a foreign exchange company and its former director from carrying on a financial services business....
Life/Risk
A former insurance company director has pleaded guilty in the Adelaide Magistrates Court to 39 charges brought by ASIC....
Financial planning
An Australian financial services business has agreed to cease providing services in Japan after an inquiry by ASIC found it was not licenced by the Japanese regulator....
Life/Risk
AFA and FSC form working body while FPA calls for insurance providers to review their offerings...
Life/Risk
More than a third of life insurance advice has not been appropriate according to a review conducted by ASIC....
Financial planning
Commonwealth Bank of Australia consumers who have not claimed funds left on expired Travel Money Cards within 12 months of the expiry will no longer forfeit the cash to t...
Financial planning
MFAA claims mortgage brokers have not been through any major scandals as a result of lower levels of risk and the application of higher professional standards...
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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...