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ASIC
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...
Financial planning
A former director of an Australian financial services licence holder received a 12-month suspended sentence and a $10,000 fine after pleading guilty to fraud charges....
Financial planning
Melbourne based advice group to boost its compliance and retrain advisers after ASIC raised concerns about appropriateness of SMSF related advice....
Financial planning
NAB has paid $10,200 in fines after ASIC found the bank made misleading statements in its annuity term deposit PDS....
Life/Risk
A NSW insurance broker has been permanently banned from providing financial services after an ASIC investigation found he engaged in “dishonest conduct”....
Financial planning
ASIC has suspended the licence of a boutique planning group for three months for a failure to comply with its compliance obligations...
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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...