Rice Warner says upfront life commissions can be justified where advisers have done the hard yards on initial advice....

ASIC has pointed to its remediation work with Macquarie Private Wealth as one of its steps towards the regulator “doing a better job”. ...

ASIC has been told there needs to be greater clarity between what represents a ‘fee’ and a ‘cost’ in Product Disclosure Statements....

ASIC has cancelled the licence of Custom Wealth Solutions Dealer Services after the group entered into external administration earlier this year....

A Queensland adviser has been given a hold on a five-year ban from ASIC following a hearing at the Administrative Appeals Tribunal....

The six largest financial planning institutions can expect a visit from ASIC which will examine their compliance with high-risk advice areas....

ASIC warns that commissions may continue to exist within MIS arrangements despite the FOFA changes....

ASIC deputy chairman, Peter Kell, says the regulator will be taking a clsoe look at professional indemnity insurance in coming months....

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...

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 ...

A South Australian finance broker has pleaded guilty to forging a memorandum of mortgage, to defraud $170,000 from an investor....

Banning upfront commissions on insurance products is not the answer to weeding out unscrupulous advisers, according to The Boutique Financial Planning Principals’ Group (...

ASIC has secured a restraining order preventing a foreign exchange company and its former director from carrying on a financial services business....

A former insurance company director has pleaded guilty in the Adelaide Magistrates Court to 39 charges brought by ASIC....