ASIC

Financial planning

Former Opes Prime director found not guilty

Former Opes Prime Stockbroking director Julian Smith has been found not guilty of dishonestly breaching his duties as director in the Victorian Supreme Court. ...

Financial planning

SOAs set to grow as platform choices fall under best interest duty

FOFA regulations require planners to outline platform and investment choices in SOAs....

Financial planning

Boutique planning group caught out on inadequate SMSF advice

ASIC to keep watching brief for 18 months over Anne Street Partners Financial Services....

Funds management

Savvy householders trimming budgets

Pre-election national economy talk is adding to the growing level of pessimism surrounding household finances and savings, research suggests. ...

Superannuation

ASIC to look at cost of SMSFs

ASIC will examine the underlying costs of operating a SMSF in next steps of its SMSF taskforce. ...

Financial planning

Wickham Securities chairman cops ban

Bradley Thomas Sherwin, the bankrupt chairman of Wickham Securities, has been banned from the financial services industry for more than two and a half years....

Funds management

Two Trilogy FM schemes receive interim stop orders

ASIC has placed interim stop orders on the product disclosure statements (PDSs) and associated advertising of two investment schemes of which Trilogy Funds Management is ...

Financial planning

ASIC urges planners to review research arrangements

Planners encouraged to assess research house compliance with new regulatory standard....

Financial planning

WealthSure rolls out new plan in light of EU

Following a run-in with ASIC and a departure of its co-founder and managing director Darren Pawski, troubled dealer group WealthSure has rolled out a new strategy to buil...

Editorial

Whatever next for advice?

With Parliament prorogued and the advice reform agenda incomplete, many in the financial services industry are left wondering ‘what now?’, writes Cecilia Storniolo....

Superannuation

Poor advice identified behind some low-balance SMSFs

ASIC’s SMSF taskforce finds some disturbing features within low-balance SMSFs....

Financial planning

WealthSure gets EU, Pawski steps down

ASIC has accepted an enforceable undertaking from WA-based dealer group WealthSure, with former CEO Darren Pawski banned from the industry....

Financial planning

ASIC, FOS get behind Financial Planning Week

Following calls by the FPA for industry to work together in raising awareness around the benefits of financial advice, both ASIC and the FOS have given their support to F...

Superannuation

SMSFs particularly exposed to hybrids

ASIC’s Medcraft claims SMSFs are particularly at risk with respect to hybrid securities....

Financial planning

Planners expect too much, say researchers

Some sections of the financial planning industry do not have a full understanding of what research houses do and to what extent their ratings can be relied upon. ...