ASIC

Financial planning

ASIC's language making industry 'nervous'

There is some concern in the industry about the language used by ASIC in its consultation papers on the delivery of financial advice....

Financial planning

Five regrettable reasons to delay FOFA implementation

Anthony James and Jim Boynton explain why financial planners shouldn’t delay their FOFA implementation....

Life/Risk

ASIC supports FSC's clawback policy

The Financial Services Council has received support from the Australian Securities and Investments Commission for its new framework aimed at reducing churning in life/ris...

Financial planning

ASIC targets unlicensed creditors

ASIC is conducting a surveillance campaign to catch out unlicensed credit providers....

Rate the raters

Lonsec named Research House of the Year for 2012

Lonsec has once again snatched the Money Management Research House of the Year title. However, Morningstar and Mercer are catching up....

Editorial

ASIC moves to undo some of the FOFA excesses

The approach ASIC has signaled it will adopt to scaled advice and the best interests duty is a welcome development for financial planning industry....

Financial planning

Morrison Carr ARs left in dark

Some authorised representatives of banned licensee Morrison Carr claim ASIC did not notify them as soon as the dealer group's licence was cancelled, leaving them practisi...

Financial planning

Maria Cheer steps down as head of Pivotal

The head of TAL-owned Pivotal Financial Advisers, Maria Cheer, will be leaving the company as Craig Parker takes the role, Money Management has confirmed....

Financial planning

FPA upgrades consumer website

The Financial Planning Association has upgraded its consumer-facing website in a move it says is designed to help Australians make informed financial decisions....

Financial planning

FPA launches new consumer website

The Financial Planning Association has launched a new consumer website called FPA Difference as part of Financial Planning Week, which ends this coming Sunday....

Policy & Regulation

Reasons to delay FOFA implementation don't stack up

Despite FOFA reforms now being imminent, there are several regrettable reasons many businesses are using to delay addressing the changes, according to a paper from PwC an...

Financial planning

ASIC bans Brisbane-based financial adviser for five years

The Australian Securities and Investments Commission has banned an authorised representative of WealthSure from providing financial services for five years....

Financial planning

ASIC to tackle conflicts of interest in litigation schemes

ASIC has released a consultation paper outlining new requirements for managing conflicts of interest in relation to proof of debt schemes....

Financial planning

Scaled advice paper '90% there': Sheehan

ASIC's recent scaled advice consultation paper does a fantastic job of clarifying how scaled advice will work in practice but leaves one significant gap, according to MyA...

Financial planning

ASIC cancels Lion Advantage's AFS licence

ASIC has cancelled the Australian financial services licence of Lion Advantage and banned its chief executive David Hickie from providing financial services for two years...