ASIC
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....
Funds management
The Australian Securities and Investments Commission (ASIC) has released final rules around over-the-counter (OTC) derivatives trade reporting obligations for financial i...
Editorial
When Commonwealth Financial Planning was subjected to an enforceable undertaking imposed by ASIC in 2011, it was the subject of a good deal of media coverage in Money Man...
Life/Risk
Some progress appears to be being made towards finding common ground on life/risk sustainability and churn....
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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...