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ASIC
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....
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....
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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...