ASIC
Financial planning
ASIC has released the pass mark for this year’s May financial adviser exam with almost three-quarters of candidates sitting for the first time....
Financial planning
EXCLUSIVE A lack of regulatory confirmation is making it difficult for firms to move into the digital advice space, according to abrdn, and changes under Quality of Advic...
Financial planning
A Western Australian financial adviser is on trial for allegedly stealing $1 million from the superannuation accounts of eight clients to fund his gambling habit....
Financial planning
New analysis from Wealth Data has revealed that some 175 advisers have been affected by disciplinary actions over the last nine years....
Financial planning
An unlicensed financial adviser, Monica Kaur, has been permanently restrained from carrying on a financial business and her unregistered managed investment has wound up b...
Financial planning
EXCLUSIVE As clients increasingly seek sustainability-related products and funds, advisers who recommend them could eventually fall under the greenwashing purview of regu...
Funds management
The Financial Services Council has updated its design and distribution obligations template for fund managers in line with concerns raised by ASIC about the initial regim...
Superannuation
The registrations of 29 self-managed superannuation fund auditors have been cancelled by ASIC for failing to lodge annual statements....
Editorial
Contrary to claims that finfluencers are a more accessible alternative to advisers, this licensed finfluencer believes she plays a complementary role towards easing inves...
Funds management
Four interim stop orders issued against Spaceship are the latest in a series of issues between the investment firm and the regulator over the last five years....
Financial planning
Single disciplinary body the Financial Services and Credit Panel has published its first outcome, relating to an adviser who impersonated a client on the phone....
Financial planning
ASIC has suspended the AFS licence of a managed investment schemes and general advice provider after it failed to lodge financial statements and audit reports for the fin...
People & Products
ASIC has made its first interim stop order on a superannuation product as well as on three managed funds, all run by Spaceship Capital....
Funds management
With ASIC playing a role in interpreting the law through materials like regulatory guides and in part enforcing the law through stop orders, a panel has questioned if the...
Financial planning
ASIC has extended the deadline for registration of financial advisers and shared when it expects the portal to open....
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Podcast
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...