ASIC

Policy & Regulation

FPA says ASIC should not baulk at asset-based fees

The FPA's Mark Rantall has told a Money Management roundtable that asset-based fees should not act as an impediment to ASIC providing class-order relief from opt-in....

Financial planning

Corporate insolvencies at record highs

The number of companies entering liquidation is continuing to break records, with 10,544 companies entering some form of insolvency administration in the year to January ...

Policy & Regulation

AFA ready with 'principles of practice'

The FPA's code of conduct will not be the only approach considered by ASIC, with the Association of Financial Advisers's principles of practice also ready for implementat...

Policy & Regulation

ANZ still preparing for opt-in

Following Minister for Financial Services and Superannuation Bill Shorten's announcement regarding a watering-down of opt-in requirements yesterday, ANZ was still prepari...

Policy & Regulation

FOFA bills pass House of Representatives

FOFA bills containing key opt-in amendments pass House of Representatives....

Financial planning

ASIC's platform review wins wide support

ASIC's platforms review has drawn support from a range of stakeholders for proposing providing additional consumer protection via capital adequacy and for placing the spo...

Financial planning

Cormann in disbelief over alleged FOFA deal

The Coalition has expressed disbelief the FPA may have done a deal with the ISN conceding opt-in in exchange for other concessions including enshrining the term “financia...

Financial planning

FPA addresses shadow shop failures with workshops

The FPA has announced a series of educational workshops that will address recent poor results from ASIC's financial planning shadow shop....

Policy & Regulation

Opt-in opponents don't understand FOFA

Those who argue opt-in is unnecessary fail to understand the nature of proposed FOFA reforms, according to Sydney University academic Joanna Bird....

Financial planning

ASIC announces new guide for research houses

ASIC will release a new guide covering the role of research and ratings houses later this year....

Financial planning

Why financial planners must learn to love learning

ASIC's regulatory framework around financial planner education is changing, which means many planners will have to pull their socks up and hit the books. Chris Kennedy re...

Financial planning

AAT backs Commonwealth Financial Planning ban decision

The Administrative Appeals Tribunal has affirmed ASIC's decision to ban former Commonwealth Financial Planning adviser Don Nguyen from providing financial services for se...

Financial planning

MoneySmart website one year on

One year after ASIC launched its MoneySmart website, budget and retirement planning applications have proved to be the most popular consumer tools for the website's users...

Financial planning

Educators not sitting on their hands

Financial services educators are aiming to be prepared for whatever changes may arise from the ASIC's CP153 consultation paper into education standards, even though no ne...

Financial planning

Due diligence to stem the risks of corporate insolvencies

With corporate insolvencies on the rise, there are a number of due diligence processes that Australian business owners can take to mitigate the risk of being left with un...