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ASIC
Financial planning
AFA chief executive Brad Fox says the AFA will re-engage with the FSC around churn but that the major insurers must also ante up....
Life/Risk
Letter from Shorten and consultation with ASIC prompts FSC to reopen moves for self-regulation around churn. ...
Superannuation
An ASFA submission has confirmed the degree to which super funds are evolving to meet the retail market....
Financial planning
ASIC has reached a $1.1 million out of court settlement with BOQ, Senrac and Macquarie Bank in a high-profile Storm Financial case....
Superannuation
Newly appointed AMP SMSF executive Peter Burgess explains that assessing suitability and explaining risks is the key to good SMSF advice....
Financial planning
The principal of Levitt Robinson has said it is inappropriate for the corporate watchdog to launch an appeal against an $82.5 million settlement between former Storm Fina...
The regulator should work to extend the scope of its financial literacy strategy to include an appropriate focus on retirement funding, particularly in relation to senior...
Financial planning
ASIC uses Macquarie’s Storm settlement to challenge premium handed to those who fund class actions....
Editorial
ASIC was right when it issued a warning to financial services licensees to ensure they have “robust recruitment processes” in place when appointing people who have previo...
Financial planning
Payday lender Nimble Australia has changed its advertising following ASIC concerns it was potentially misleading....
Financial planning
Clients with mainly cash holdings not enough to sway ASIC on planner PI requirements....
Financial planning
As it continues its discussions with industry, the Australian Securities and Investments Commission (ASIC) has extended the commencement of upcoming disclosure benchmarks...
Editorial
Mike Taylor writes that just four months out from an election, the political temperature is high and perceptions can skew reality....
Financial planning
Specialist accounting software provider MYOB has announced a new online portal for small business services that it claims will help accountants enhance their client relat...
Financial planning
The award of a premium to Storm Financial victims who bankrolled part of a class action against Macquarie Bank could encourage self-funded group litigation, a Brisbane si...
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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...