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ASIC
Editorial
Due to the wave of change ripping through the financial services industry, law firms specialising in this sector will be fighting for your business. Leanne Mezrani points...
Financial planning
Fair Loans Foundation has entered into an enforceable undertaking under which it will refund 864 consumers around $157,000 in overcharged interest. ...
Policy & Regulation
Government and ASIC strike deals to combat tax evasion and supervise international fund managers. ...
Financial planning
ASIC has raised concerns about the standard of record-keeping practices of a number of Australian credit licensees. ...
Funds management
ASIC has sought court orders that LM First Mortgage Income Fund be wound-up after its collapse earlier this year....
Life/Risk
ASIC continues to focus on the claims made by financial services providers in advertising, with Woolworths set to change its advertisements for car insurance after the re...
Financial planning
PriceWaterhouseCoopers will monitor the way PIS gives financial advice for the next nine months to ensure the group meets the standards set out in its Enforceable Underta...
Financial planning
The concept of trust in financial planning has reached a critical juncture, writes Geoff Rimmer, and only bold measures will restore it. ...
Financial planning
An independent expert will monitor the way PIS gives financial advice for the next nine months to ensure the group meets the standards set out in the Enforceable Undertak...
Financial planning
The chairman of the Senate Committee reviewing ASIC laments that its greatest successes appear to have occurred after the damage has already been done....
Funds management
The Commonwealth Bank and HSBC have changed their advertising for certain structured products aimed at retail investors after ASIC deemed them potentially misleading. ...
Financial planning
A former Bell Potter Securities client adviser has been permanently banned from providing financial services after he was convicted of offences involving dishonesty. ...
Financial planning
ASIC signals it will look to the most senior levels when it detects a bad compliance culture....
Financial planning
Credit Suisse Equities Australia has paid a penalty of $95,000 for not having in place adequate resources for its Automated Order Processing (AOP) system to account for c...
Financial planning
A survey of APRA clients and users has rated it positively, but no references were made to Trio/Astarra....
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...