ASIC
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 ...
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....
Never miss the latest news and developments in wealth management industry
MARKET INSIGHTS
Podcast
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...