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ASIC
Financial planning
The Commonwealth Bank (CBA) has responded to its grilling at a Senate Committee by restating its compliance with the inquiry’s requests for more information. ...
Financial planning
The Senate Committee reviewing ASIC has lambasted ASIC and CommFP and signalled further quizzing of compensation arrangements....
Financial planning
The FPA has welcomed ASIC and dealer group support for moves to separate product sales and advice....
Superannuation
ASIC grants relief to super fund’s advisory arm to reduce advisor exposure to personal liability....
Superannuation
The ATO has confirmed the television advertising campaign launched to support Labor’s superannuation changes cost $16.56 million before it was terminated by the Abbott Go...
Financial planning
The Australian Securities and Investments Commission (ASIC) has permanently banned Victorian finance broker Kieu Thi-Thanh Huynh from carrying out credit activities after...
Financial planning
The FPA’s 10-point plan to separate advice from product sales urges that the terms ‘commission’ and ‘general advice’ be removed from the planning industry’s lexicon....
Financial planning
Sentry Financial Services to write to SMSF clients after ASIC surveillance of corporate authorised representative...
Funds management
The Australian Securities and Investments Commission (ASIC) has banned a trader employed at Westpac Institutional Bank for creating fictitious trading entries and a false...
Financial planning
An Australian Securities and Investment Commission (ASIC) review supports the rule changes affecting dark trading made last year....
Financial planning
The FPA signals a 10-point plan which would see product-related advice subject to regulation and salespeople precluded from being called financial planners/advisers....
Superannuation
Self-managed superannuation fund (SMSF) trustees are being warned that they will pay the price for poor product selection if they fail to ensure fund compliance under a n...
Financial planning
An embarrassed ASIC has imposed license conditions on Comm FP and Financial Wisdom as short-comings in compensation arrangements are revealed....
Financial planning
CBA says it has worked with customers to “put things right”, after the corporate regulator moved to address inconsistent compensation to customers of two CBA-owned planni...
Financial planning
Australian Mutual Holdings Limited receives $20,400 in penalties after ASIC issues two infringement notices over PDSs. ...
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So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...