ASIC
Financial planning
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. ...
Financial planning
ASIC has banned two advisers from providing financial services for up to five years. ...
Financial planning
The BFP claims a structural flaw has allowed banks, insurers and super funds to dress up product sales as advice....
Financial planning
ASIC chairman, Greg Medcraft admits ambiguity led to CommFP client compensation failures, but claims the bank was not “upfront”....
Editorial
Mike Taylor writes that the board of the Commonwealth Bank must be wondering how it was possible for the controversy around Commonwealth Financial Planning to get worse....
Policy & Regulation
ASIC executive claims consumer misunderstandings were exploited for the benefit of financial services providers....
Financial planning
Penalties for financial planners who breach the law are not severe enough, the Australian Securities and Investments Commission believes....
Financial planning
ASIC chair Greg Medcraft emphasises regulator’s enforcement efforts and states does best it can with resources to hand....
Financial planning
The financial services industry will pay $30 million less to be regulated after the Federal Government released details of the levies that it will be charged to fund the ...
Financial planning
Two former Sydney brokers have been convicted of fraud following an investigation by the Australian Securities and Investments Commission (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...
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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...