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ASIC
Financial planning
The corporate regulator is driving home the financial literacy mantra, saying it should be part of formal education from a young age for consumers...
Financial planning
The founder and director of the responsible entity for two MISs which were wound up owing around $200 million is fined $10,000 for failing to assist the liquidators....
Funds management
Uncertainty lingers around OTC derivatives reporting for financial entities with less than $50 billion outstanding, a law firm partner believes....
Financial planning
FinTech startups could disrupt the regulatory order, a lawyer warns, with systemic tweaks needed to align regulation with the new, virtual environment. ...
Superannuation
A senior Liberal Senator has asked ASIC whether union-based superannuation liaison officers are providing advice....
Financial planning
ASIC has requested members of the financial services sector to report suspected breaches and inappropriate behaviour....
Financial planning
Australia’s two corporate regulators should be held accountable for fostering competition in the financial services space by way of tight legislative mandates....
Financial planning
ASIC has recommended that institutionally-aligned advisers be labelled as “restricted advice’ businesses and provide statements about limited product advice....
Financial planning
The former chair of ASIC Tony D’Aloisio will chair listed financial services technology provider IRESS....
Financial planning
ASIC wants the power to investigate bank managers if it suspects they are coercing planners into selling risky products, Fairfax Media reports. ...
Funds management
A Victorian property developer who defrauded investors has been sentenced to five years and three months in jail, following an investigation by ASIC....
Financial planning
ASIC plans to have more ‘cops on the beat’ as it targets the financial advice sector....
Life/Risk
ASIC’s upcoming report on risk insurance churn is likely to lead to further debate on removing commissions but would overlook the related costs of advice according to Syn...
Financial planning
The financial planning industry has illustrated “inappropriate levels of quality” going back more than a decade, ASIC said....
Financial planning
Regulator claims Macquarie Equities Limited (MEL) had “very poor” record keeping and lack of detail in its advice documents....
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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...