ASIC

Policy & Regulation

Financial planners move on from FOFA 'wedge'

The Association of Financial Advisers tells its members it is time to move on with the new post-FOFA environment despite being wedged by the Govt and Industry Super Netwo...

Financial planning

No clear line between holistic and scaled advice: ASIC

All financial advice is scaled to some extent, and 'there isn't some form of separation between holistic and scaled', according to ASIC senior executive leader Ged Fitzpa...

Financial planning

Six-year ban for derivatives trader

Derivatives trading director Neil King was banned from the financial services industry for six years after he misled clients into trading with his company....

Financial planning

ASIC permanently bans financial adviser after court conviction

Following his conviction in the Magistrates Court of Victoria, the ASIC has permanently banned financial adviser Christos Papaioannou from providing financial services....

Financial planning

FPA and education council call for unified accreditation

The Financial Planning Association and Financial Planning Education Council have released for consultation a national financial planning curriculum that also calls for a ...

Financial planning

ASIC accepts Sydney auditor's enforceable undertaking

ASIC has accepted the enforceable undertaking of Sydney-based auditor Graham Bruce Abbott after he failed to comply with rotational requirements....

Financial planning

ASIC permanently bans former contracts for difference dealer

ASIC has permanently banned a former contracts for difference (CFD) dealer after it found that he had engaged in misleading and deceptive conduct under a deregistered bus...

Policy & Regulation

FOFA unknowns still a concern

The Future of Financial Advice reforms may have passed through the House of Representatives but there is plenty of unknown detail causing concern to the major association...

Superannuation

How to start an SMSF pension

Cecile Apolinario explains the key issues and steps trustees need to address when starting a pension for a SMSF member....

Editorial

Does Fair Work Australia have a role in a post-MySuper world

Mike Taylor reports that submissions to the Productivity Commission review of default superannuation funds under modern awards have raised important questions about the r...

Financial planning

Australia's streamlined regulatory system an advantage: Nick Sherry

Australia's current financial markets' regulatory structure gives it an advantage compared to the byzantine structures in other markets, according to Nick Sherry....

Financial planning

Automatic rollover proving costly

Australian investors holding term deposits could be costing themselves money by allowing automatic rollovers, according to comparison website, RateCity....

Financial planning

ASIC urged to amend class order to include age pension

ASFA and the Institute of Actuaries join forces to point out a key flaw in ASIC's class order relief on superannuation forecasts....

Financial planning

FPA's shadow shopper workshops to help financial planners

Even if financial planners don't agree with the findings of ASIC's recent shadow shopper survey, they should consider attending upcoming workshops addressing the findings...

Financial planning

ASIC suspends boutique AFSL

ASIC has suspended the licence of boutique advice firm Australian Performance Financial Planning for three months because the company has been put under the control of an...