ASIC

Financial planning

ASIC wants tougher line on advice failures

ASIC will seek to ban management figures in financial planning firms that are involved in advice failures....

Editorial

Where to now for the Financial Ombudsman Service?

If financial planners were given a choice between the model underpinning the Superannuation Complaints Tribunal and that underpinning the Financial Ombudsman Service, wha...

Financial planning

Vertically integrated advice vs self-licensing and non-aligned advice

Milana Pokrajac examines the advantages and disadvantages of vertically integrated advice compared to self-licensing and non-aligned advice....

Financial planning

Education that will shape financial planning

While education has long been the yardstick by which advisers are measured, the bar has been raised and standards have become more widespread than ever before. As Jason S...

Financial planning

ASIC reviewing industry fund advertisements

ASIC has confirmed to a Parliamentary Committee that it is reviewing the latest industry funds advertising campaign....

Financial planning

ASIC bans bankrupt financial adviser

ASIC bans Victorian-based financial adviser Allan Burt Vissenjoux from providing financial services....

Superannuation

ASIC warns on super fee clarity

ASIC urges superannuation funds to make their fees more transparent and comparable for members....

Financial planning

ANZ backs down on ad conditions after ASIC probe

ANZ has agreed to send out gift cards to income protection insurance customers after ASIC concerns....

Superannuation

APRA refines super reporting standards

APRA has revised six of its superannuation reporting standards after complaints of confusion from key stakeholders....

Financial planning

Whittaker Macnaught slowly disappears as ASIC cancels licence

ASIC cancels licence of CBA-purchased planning group nine months after deal concluded. ...

Financial planning

ASIC bans director and authorised representative for misleading conduct

Regulator permanently bans former authorised representative and director of an investment trustee for misleading and deceptive conduct....

Financial planning

Disclosure ineffective deterrent for law breakers: ASIC

ASIC frustrated that the penalty regime imposed is less than the profit companies gain from poor behaviour, and that disclosure is no longer a 'disinfectant’ for law-brea...

Superannuation

ASIC and APRA clarify MySuper approach

ASIC and APRA jointly clarify the need for consistent information on MySuper products....

Financial planning

CommFP whistleblower blasts lax ASIC

Commonwealth Financial Planning whistleblower Jeffrey Morris claims ASIC failed to act to cover its own incompetence....

Financial planning

ASIC’s penalty structure lags globally

Australia’s corporate regulator is severely limited in the range and severity of penalties it can hand out for wrongdoing - particularly compared to the US and UK, a revi...