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ASIC
Financial planning
The Financial Planning Association has announced changes to its Code of Professional Practice in order to bring it in line with the Australian Securities and Investment C...
Financial planning
ASIC has released a consultation paper to determine how a professional code of conduct will obviate the need for a financial adviser to comply with opt-in provisions cont...
Superannuation
The Government has opted for only limited impacts on superannuation in its MYEFO approach, but has increased the SMSF levy....
Financial planning
ASIC report reinforces importance of EDR process despite debt recovery processes against clients....
Financial planning
With major legislative change set to occur, the role software, technology and new media are playing in financial planning today is unprecedented....
Financial planning
ASIC has cancelled the AFSL of Australian Performance Financial Planning, after already suspending that licence earlier this year when the firm went into administration....
Financial planning
Law firm Slater & Gordon said the changes put forward by the ASX to continuous disclosure would present "a plus" for investors, claiming much of the grey area will be rem...
Financial planning
The industry should have a clearer idea within the next two weeks of how a code of conduct will obviate the need for opt-in....
Financial planning
A legal challenge to a Financial Ombudsman Service determination regarding client losses in frozen unlisted investments has been dismissed by the Western Australian Supre...
Financial planning
A number of the ASIC's proposals for conflicted remuneration payments are claimed to be inconsistent with current financial services law and have little to do with the pr...
Financial planning
Barclays Bank has paid a penalty to ASIC for withdrawing client funds without approval and failing to return the money for five business days....
Editorial
The trouble with APES 230 is that it goes much further than FOFA, with a prohibition on commissions and the elimination of asset-based fee arrangements....
Financial planning
The Federal Court will decide whether Wellington Capital's decision to distribute shares, rather than cash, to unit holders in Premium Income Fund was legal....
Editorial
There has been a tendency to forget about the ACCC ever since the regulation of consumer protection in the financial services industry moved to ASIC in 2001. But as Grant...
Editorial
The Australian Securities and Investments Commission has outlined the draft ground rules on conflicted remuneration and, as Mike Taylor writes, there are inevitable impac...
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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...