ASIC

Financial planning

Investors need to wise-up, says Medcraft

If an investor does not understand a product they should not buy it, even if their financial planner recommends it, according to ASIC Chairman Greg Medcraft. ...

Financial planning

Product manufacturers should educate investors – ASIC

ASIC claims it isn’t responsible for preventing investor losses and wants manufacturers to educate investors on complex products....

Financial planning

Budget cuts may hit regulators

The expected 2013 Budget cuts to the Public Service may encompass APRA and ASIC....

Editorial

Can the reverse mortgage sector reverse its fortunes?

With shrinking planner interest and very few product suppliers left in the market, the reverse mortgage sector is screaming for attention, Andrew Tsanadis writes. ...

Editorial

Have platforms reached their use-by date?

Many advisers feel it’s time the investment train pulled away from the platform, but what sort of ride are they in for? Benjamin Levy reports....

Financial planning

Research houses to spruik conflict compliance

Research houses will embark on a campaign of actively promoting their compliance with conflict of interest requirements before the 1 September deadline imposed by ASIC RG...

Financial planning

AFS passes into history as its licence is cancelled

Australian Financial Services ends its run as licence cancelled under voluntary administration....

Financial planning

ASIC cautions on adviser recruitment

ASIC deputy chair Peter Kell has cautioned dealer groups on hiring planners who previously worked for dodgy advice practices....

Editorial

Macquarie posts improved result

Macquarie Group has announced a 17 per cent increase in net profit of $851 million for the full-year ended 31 March....

Financial planning

ASIC warns on scammers claiming to be ASIC

In an unusual twist the Australian Securities and Investments Commission (ASIC) has issued a warning calling for consumers to be wary of cold callers claiming to represen...

Editorial

Labor leaving a messy legislative legacy

With the Federal Budget, end of financial year and Federal Election looming, the financial planning industry is still facing a number of critical legislative loose ends. ...

Financial planning

'Capital protected’ products fall under ASIC’s gaze

Financial advisers’ behaviour flagged after complaints of inappropriate advice....

Funds management

Investment firm slams ASIC’s MDA approach

ASIC’s review of MDA guidance has major flaws, according to Bailey Roberts Group....

Financial planning

Three financial services businesses ordered to wind up

ASIC has successfully applied to the Supreme Court of Queensland for three south-east Queensland based companies to be wound up following its investigation into an unlice...