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ASIC
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. ...
Financial planning
ASIC considers allowing managed investment schemes to be automatically registered, with non-compliant schemes regulated by stop-orders....
Financial planning
A Sydney finance executive has been charged with insider trading after allegedly operating on insights from a close friend who was employed by a large financial services ...
Superannuation
With the increased scrutiny of self-managed super funds (SMSF) from the regulator, the soon-to-be-introduced penalty regime for trustees and the increasing diligence of S...
Financial planning
NAB Wealth will refund customers after it found some of its customers had received incorrect compensation after an investment income error on its Navigator platform....
Financial planning
Advisers have been encouraged to incorporate limited managed discretionary accounts (MDAs) into their suite of services before the corporate regulator moves. ...
Financial planning
ASIC band former Melbourne credit representative from undertaking credit activities for five years....
Life/Risk
Virgin Money has been fined more than $30,000 for misleading advertising related to its promotion of a life insurance product....
Financial planning
ASIC has rebuffed suggestions HFT is a problem and stated a ‘lack of hysteria’ should not be mistaken for complacency....
Financial planning
ASIC has cancelled the licence of a subsidiary of the collapsed Banksia Financial Group but will continue investigation...
Financial planning
ASIC has cancelled the Australian financial services licence of Parramatta-based insurance broker WD Gelle Insurance and Finance Brokers Pty Ltd....
Financial planning
ASIC has cancelled the licence of a CBA-owned advice group, the second in a month, following a request from the bank. ...
Financial planning
ASIC has suspended the licence of failed debenture issuer and mortgage lender Provident Capital Limited....
Financial planning
ASIC should be given powers to pursue compensation including the first right to sue ahead of investors involved in class actions....
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Podcast
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...