ASIC

Financial planning

FPA's shadow shop response underway as ASIC outlines failures

Participants in the Financial Planning Association's shadow shopper workshops have called for better clarity from the regulator, as ASIC commissioner Peter Kell elaborate...

Financial planning

Rule changes to prevent moves to in-house platforms

Recent changes to the laws governing platforms, such as an increase to the net tangible asset requirement, will make it harder for dealer groups to bring platform service...

Financial planning

ASIC's Peter Kell outlines code of conduct requirements

Compliant industry codes of conduct deemed to obviate the need to comply with opt-in requirements will have to meet a hefty set of criteria, according to ASIC commissione...

Financial planning

ASIC bans more Commonwealth Financial Planning advisers

ASIC has permanently banned a former Commonwealth Financial Planning adviser after he was found to have forged the signatures of four of his clients....

Financial planning

FPA welcomes extension to tax regime exemption

The Financial Planning Association has welcomed the announcement by Assistant Treasurer David Bradbury exempting financial planners from the taxation services regime unti...

Financial planning

ASIC permanently bans former Commonwealth Financial Planning adviser

A former Commonwealth Financial Planning adviser has been permanently banned by ASIC after it was found he had forged the signatures of four of his clients....

Financial planning

How financial planners can save time and money

Paul Derham and Sonnie Bailey share a few mistakes they’ve seen financial planners make over the years and outline tips for saving time and money....

Financial planning

Westpac the second major bank to test credit invite law

Westpac has agreed to withdraw and modify communications sent to customers regarding credit limit increase invitations after ASIC formed the view they were misleading....

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...