ASIC

Policy & Regulation

Questions are being asked about Industry Super Australia’s integrity after its 'Compare the Pair’ advertising campaign was labelled as potentially misleading by ASIC....

Financial planning

ASIC backs private litigation

Class action cases being taken against financial planning groups are being hailed as “a good thing” by ASIC chair, Greg Medcraft....

Financial planning

Senate Committee expected to report on ASIC/COMMFP

The Senate Committee reviewing the operations of ASIC is expected to table its final report today....

Superannuation

ISA to change ads after ASIC expresses concern

Industry Super Australia (ISA) has voluntarily offered to change its 'Compare the Pair’ advertising campaign after concerns were raised by the Australian Securities and I...

Financial planning

Custom Wealth Solutions entities enter external administration

Both Custom Wealth Solutions and Custom Wealth Solutions Dealer Services Pty Ltd have entered external administration. ...

Superannuation

ISA wants ASIC audit of orphan commissions

Industry Super Australia has called on ASIC to conduct an audit of orphan commissions. ...

Financial planning

ASIC bans former PIS adviser

ASIC has permanently banned Southport-based former financial adviser, Grant Patrick Thompson, from providing financial services....

Financial planning

ASIC extends fee disclosure deadline

Super funds have received a deadline extension to 1 July 2015 for compliance with fee and cost disclosure requirements....

Superannuation

ASIC cracks down on super websites

The Australian Securities and Investments Commission (ASIC) released guidance for superannuation funds and their trustees on information disclosure on their websites in a...

Financial planning

Former adviser to medicos permanently banned for dishonest conduct

ASIC permanently bans adviser after finding he disbursed client funds to parties related to the adviser....

Financial planning

CommFP says ASIC always knew

CommFP counters claims by ASIC that it was not informed of key elements of client compensation arrangements...

Editorial

Whistling up the watchdog

Mike Taylor writes that if the Senate Committee inquiry reviewing the actions of ASIC has achieved nothing else, it has has identified just how reliant the regulator has ...

Financial planning

Merrill Lynch pays $65k penalty

Merrill Lynch Equities (Australia) Limited has paid a penalty of $65,000 to comply with an infringement notice relating to a breach of the Corporations Act 2001. ...