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ASIC
Financial planning
The regulatory watchdog has suspended the AFS licence of NWQ Capital Management, trustee of two unregistered managed investment schemes, until January 2024....
Superannuation
Almost three years after being arrested, a director has pleaded guilty to encouraging investors to roll over their superannuation in SMSFs and lend that money to his two ...
Policy & Regulation
The war of words regarding ASIC’s provision of evidence to a Senate inquiry has continued as Labor senator Katy Gallagher appears in the Senate to provide an explanation ...
Financial planning
ASIC has revealed the number of its enforcement outcomes which related to financial advice misconduct in the first half of 2023. ...
Financial planning
Following an ASIC investigation, investment manager Brett Trevillian has been charged for forging portfolio performance verification reports that were provided to potent...
Funds management
Troubled financial services firm Mayfair 101 has announced it plans to relaunch within months, less than a year after the 20-year advertising and fundraising ban on James...
Financial planning
ASIC has taken civil action against a company director for alleged unlicensed conduct and operating numerous unregistered managed investment schemes. ...
People & Products
Bouncing back from regulatory action last month, Spaceship has secured additional funding from two major shareholders towards new offerings and the expansion of its exist...
Funds management
ASIC has lodged civil penalty proceedings in the Federal Court against Vanguard Investments Australia for alleged greenwashing, having previously issued the asset manager...
Financial planning
ASIC has acted against eight SMSF auditors for breaches of their obligations, bringing the total for the past year to 26....
Policy & Regulation
The Labor government has hit back at the Senate Economics Reference Committee’s request for evidence from ASIC as it is an independent regulator and suggested it provide ...
Financial planning
ASIC has been accused of treating parliament with contempt after failing to follow Senate orders to submit evidence to the Senate Economics Reference Committee....
Financial planning
From greenwashing allegations and interim stop orders to fines and penalties, Money Management has rounded up all the disciplinary actions faced by firms in the first ha...
Financial planning
Super funds are demonstrating gaps in their member data, according to a joint APRA/ASIC review, as they are concerned collecting too much information could put them at ri...
Superannuation
A joint ASIC/APRA thematic review has found trustees need to make more progress on enhancing retirement outcomes for members under the Retirement Income Covenant. ...
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The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...