ASIC

Financial planning

Greg Medcraft says financial planning needs to undergo further cultural change, as the sector remains one of the riskiest regulated by ASIC. ...

Financial planning

No regulator can stop failures, says Medcraft

ASIC Chair Greg Medcraft says no financial services regulator can stop corporate failures without onerous compliance regimes. ...

Financial planning

ASIC selective on whistleblower activity

ASIC will only take action on whistleblower tip-offs if it will result in a greater impact in the market. ...

Financial planning

ASIC accepts EU from former financial services director

The Australian Securities and Investments Commission (ASIC) has accepted an enforceable undertaking (EU) from former director of AIE Fiduciary Services (AIE) Manish Babul...

Financial planning

What makes a limited AFSL so appealing to accountants?

Touted as the next frontier for accountants, Limited Australian Financial Service Licences (AFSLs) are starting to gain traction with planners too. But what makes them so...

Financial planning

Accounting auditors accept EU

Two Sydney-based accounting auditors have entered an enforceable undertaking (EU) with the Australian Securities and Investments Commission (ASIC) following a lengthy rev...

Financial planning

COS denies it lacks regulatory oversight

The Credit Ombudsman Service (COS) rebuts claims it lacks regulatory oversight and independence. ...

Financial planning

ASIC cancels AFSL of failed financial services provider

ASIC cancels AFSL of financial services provider unable to comply with licence conditions...

Financial planning

Commonwealth FP confirms exit of 2011 EU

Despite all the negative publicity, Commonwealth Financial Planning has exited its 2011 EU with ASIC....

Financial planning

Industry funds believe RG 146 generally adequate

Industry funds defend the adequacy of RG 146 for their staff in delivering general advice. ...

Financial planning

AIST cautions ASIC on Training Register replacement

ASIC warned on need for licensee clarity on any Class Order replacement for the ASIC Training Register. ...

Financial planning

ASIC extends relief on shorter PDS regime

The financial services regulator has granted an extension on interim class order relief from the shorter product disclosure statement (PDS) regime. ...

Editorial

Why it's time to standardise Statements of Advice

With research showing that Statements of Advice remain almost impenetrable documents for consumers, Bruce Keenan argues it could be time for a change. ...