ASIC

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. ...

Superannuation

ASIC declares it is taking a close look at one-stop shops seeking to traverse SMSF establishment and property investment. ...

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Financial planning

ASIC has accepted an enforceable undertaking from a Gold Coast advisory group related to deficiencies in monitoring and supervising its planners...

Financial planning

The FPA is concerned that Budget cuts impacting ASIC may, in turn, impact planners in higher costs....

Financial planning

Measures in the Abbott Government’s inaugural budget have divided financial planning groups, prompting both praise and condemnation. ...

Financial planning

The Australian Securities and Investments Commission (ASIC) has been told by the Government to “adjust its priorities” to achieve savings of $120.1 million over five year...

Financial planning

A Budget user-pays approach to financial services regulation could hit licensee and other planning costs....

Financial planning

The AFP and ASIC have charged an ABS public servant and a NAB employee with insider trading netting $7 million....

Life/Risk

Businesses that sell general or life insurance, or offer credit as an ‘add-on’ insurance offering, should be on guard as they come under ASIC scrutiny, a law firm warns....

Policy & Regulation

ASIC should outsource PDS approvals to an independent research panel funded by planner levy. ...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 2 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 3 weeks ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

1 week 6 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

4 weeks ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

2 weeks 5 days ago