ASIC

Policy & Regulation

FOFA to remain soft-boiled until mid-2014

The implementation of the Future of Financial Advice (FOFA) reforms looks set to remain "medium soft" until 1 July 2014, according to Shadow Treasurer Mathias Cormann. ...

Financial planning

Vero 'selective' on planner PI

Vero confirms its selective approach on planner PI while Cormann queries current regime. ...

Editorial

ASIC's FOFA guidance gives planners a reason to smile

ASIC's guidance on FOFA's fee disclosure requirements prompted an almost audible sigh of relief from the financial planning industry....

Financial planning

Ratings houses' day of reckoning

Increased regulatory scrutiny faced by research houses from 1 September this year might result in increased costs....

Financial planning

Two-tier code canvassed by AFA

AFA canvasses concept that two-tiered code of conduct with ethics and providing good advice is more important than obviating opt-in....

Financial planning

ASIC obtains court orders against Sydney adviser

The Australian Securities and Investments Commission (ASIC) has obtained interim court orders against Sydney financial adviser Gabriel Nakhl....

Financial planning

AAA to have PI insurance for another year

ASIC ordered AAA planners to be covered by the dealer group’s PI insurance policy until 29 January, 2014....

Financial planning

FPA investigating AAA Shares’ CFP claims

The FPA is investigating claims made by dealer group AAA Shares about its affilliation with the FPA and the CFP status of some of its planners....

Financial planning

Government could restrain grandfathering concession

The Government appears to be reconsidering its approach to the grandfathering of commissions, according to King & Wood Mallesons special counsel Michael Mathieson....

Financial planning

AAA planners may flock to Suncorp

Guardian Advice is set to provide refuge to a few “high quality planners” from AAA Financial Intelligence, whose license was recently cancelled by ASIC....

Financial planning

Director banned for three years

A Sydney director has been banned for three years after an Australian Securities and Investments Commission (ASIC) investigation found he was unfit to engage in credit ac...

Financial planning

Client management the key to scaled advice

Ibbotson Associates’ Matthew Esler highlights that effective client engagement not only empowers financial planners with the key to unlocking scaled advice but also ensur...

Financial planning

Financial advisers and estate planning – a perfect fit

Many financial advisers are talking the talk when it comes to estate planning, but will they walk the walk? Tim Stewart reports that estate planning needs to be more than...

Financial planning

Proposed obligations for custodians 'misconceived'

Some of ASIC's proposed legal obligations for a custodian are unworkable, according King & Wood Mallesons director Damien Richard. ...

Financial planning

ASIC points to dealer group’s ‘appalling record’

ASIC Commissioner Peter Kell said dealer group AAA Financial Intelligence had an “appalling record” when it comes to ensuring the advice provided was fair and honest....