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ASIC
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. ...
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. ...
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....
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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...