ASIC

Superannuation

SPAA partners with UN investor advocacy committee

The SMSF Professionals' Association of Australia (SPAA) has signed up to a UN committee that supports approximately 300,000 advisers globally....

Financial planning

Lines blurred between scaled and complex advice

Almost all financial advice was scoped to a point, so lines between scaled and complex advice are quite blurred, according to AMP director of advice Scott Machin....

Financial planning

ASIC convicts former mortgage broker

An investigation by the Australian Securities and Investments Commission (ASIC) has led to the conviction of a former NSW-based mortgage broker....

Funds management

ETF broker pays $25,000 penalty

ETF broker Susquehanna Pacific Pty Ltd has paid a penalty of $25,000 for switching off the price filter in its automated order processing system for ETFs, according to AS...

Life/Risk

Former insurance broker accepts ASIC's findings

Former director of insurance broker offers enforceable undertaking to the Australian Securities and Investments Commission (ASIC)....

Financial planning

Trio victims vow 2013 election campaign

Victims of the Trio collapse are threatening to campaign against the Government during the upcoming Federal election, alleging a cover-up encompassing the regulators....

Editorial

Is FOFA leaving too much to chance?

There are signs a lack of precision in the legislation has left too much to the interpretation of ASIC in translating FOFA into workable regulations....

Financial planning

Concerns over PI 'distortions'

Some planners are worried that PI requirements risk compromising best interest allocations....

Financial planning

Approved Product Lists under scrutiny

Financial planning licensees need to take a close look at their Approved Product Lists (APLs) to ensure they are sufficiently broad, according to Minter Ellison partner R...

Financial planning

Communicating the value of research falls on researchers

Despite new disclosure requirements being welcome by most of the industry, articulating the value-add of investment research to consumers is left up to the interpretation...

Financial planning

Financial planning in the age of FOFA

While the ultimate shape of FOFA might depend on who wins the next Federal election, financial planners will have a busy year ahead nevertheless, writes the FPA’s Dante D...

Financial planning

MFAA wants clarity on variations to credit contracts

The Mortgage and Finance Association of Australia (MFAA) is seeking clarity from the Australian Securities and Investments Commission (ASIC) regarding the circumstances b...

Financial planning

ASIC extends class order relief for funded representative actions

The Australian Securities and Investments Commission (ASIC) has extended the class order relief for funded representatives involved in the winding up of an insolvent comp...

Editorial

Why financial planners should aspire to be more like doctors (and less like lawyers)

Mike Taylor argues that if financial planners are to follow a template for becoming a profession, they should choose medicine over the law....

Policy & Regulation

Compliance burden to shift to advisers under FOFA

Updated regulatory guidance published by the Australian Securities and Investments Commission (ASIC) late last year has shifted much of the compliance burden directly ont...