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ASIC
Financial planning
One of Australia’s corporate regulators has been accused of inconsistency in its policing of new entrants to the financial services space, with smaller innovators unfairl...
Financial planning
ASIC has stressed the need for AFS licensees to submit written breach reports to it within 10 business days of finding a breach or likely breach....
Financial planning
ASIC acknowledges that vertical integration gives rise to conflicts of interest but acknoweldges that scale has benefits....
Financial planning
ASIC warns consumers to stay away from a fake website endorsing a foreign exchange broker....
Financial planning
ASIC tells of man banned as a planner but still operating as an accountant and providing tax advice....
Financial planning
ASIC chairman, Greg Medcraft, confirms planners and SMSFs are on ASIC’s radar over the next 12 months....
Funds management
Merrill Lynch has paid a $96,000 infringement notice penalty after it filled an order that “had the potential to damage the reputation and integrity of the market”....
Financial planning
A financial planner has backed ASIC’s call to instil financial literacy into the school education system, saying literacy is lacking in adults too....
Financial planning
ASIC’s proposal to include financial literacy in the education system is a good one but financial literacy has to start at home from the parents, a personal loan speciali...
Financial planning
The Law Council of Australia’s Business Law Section has urged against extending ASIC’s powers to encompass product intervention....
Superannuation
The Financial Systems Inquiry has been told that while there are many educational events aimed at the SMSF sector, there exist significant variations in their quality....
Financial planning
ASIC has cancelled the AFSL of Global Derivative Services after it failed to comply with licence obligations...
Financial planning
ASIC has confirmed it has tightened its approach on enforceable undertakings in the wake of those applying to Commonwealth Financial Planning and Macaquarie Private Wealt...
Financial planning
The chairman of ASIC has defended his international travel expenses as a regulatory priority. ...
Financial planning
A proposal to rename general advice as “sales” or “product information” is not an adequate solution to the problems that arise from conflicted remuneration, according to ...
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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...