ASIC
Financial planning
ASIC has reiterated its calls for a national exam stating that recent changes around education still did not guarantee a consistent national standard for advice....
Financial planning
ASIC has launched legal action against Make it Mine Finance for violating consumer credit laws, including responsible lending duties....
Financial planning
ASIC has issued a $42,500 penalty on payday lender Abaz Pty Ltd for failing to get the necessary account statements from consumers....
Financial planning
ASIC has cancelled the Australian credit licence of Net Finance (Corp) Pty Ltd and banned its director, Graham Tandy, from the credit industry for 10 years....
Financial planning
ASIC has answered parliamentary questions about superannuation union liaison officers, the type of advice they can provide and whose AFSL they might be working under....
Financial planning
A former financial adviser has been jailed after being found guilty of stealing shares worth almost $1.5 million to meet margin calls on his mother’s margin lending accou...
Life/Risk
The Minister for Finance and Acting Asistant Treasurer, Senator Mathias Cormann will address a Money Management breakfast traversing key issues....
Life/Risk
Risk commissions may be a mis-match for best interests duties, with the current product-driven framework incentivising insurance options that could distract advisers from...
Financial planning
ASIC has begun civil proceeding against the founder and former directors of LM Investment Management Ltd alleging the directors failed in their duties to act with diligen...
Policy & Regulation
The FPA has urged a facilitative approach from ASIC as planners seek to comply with the Senate imposed FOFA reversal....
Superannuation
Towers Watson points to key retirement estimate benefits flowing from ASIC guidance....
Financial planning
A former Storm Financial adviser has had a charge against him dropped after an elderly witness deemed critical to the prosecution’s case died, ASIC reports. ...
Financial planning
A Victorian financial adviser has been banned from providing financial services for seven years after an ASIC investigation found he had breached “numerous financial serv...
Financial planning
ASIC has appointed KordaMentha Forensic to identify high risk advisers within Commonwealth Financial Planning and Financial Wisdom and to review the licence conditions of...
Financial planning
ASIC deputy chairman, Peter Kell warns against ‘gaming’ the general advice regime....
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Podcast
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...