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ASIC
Features
With a large proportion of financial advisers having now completed the FASEA exam, Alexandra Cain asks whether advisers who passed found it worthwhile?...
Expert Analysis
With popularity growing for holistic advice, writes Joanne Earl, there is further investigation to be done into why few people seek advice on their retirement....
Financial planning
The Big Four banks, AMP and Macquarie have paid or offered a total of $3.1 billion in compensation to customers who suffered loss or detriment because of fees for no serv...
Financial planning
The corporate regulator has shut down the idea of an external advisory board including financial advisers and consumer groups as it feels there would be limited value....
Financial planning
ASIC has acknowledged criticism that it failed to do enough to stop the failure of Sterling and said it will be testing its intervention powers in the future under the De...
Funds management
The Federal Court has ordered managed investment scheme operator, PE Capital Funds Management, into liquidation due to operating schemes without a licence....
Funds management
The final report into Sterling Income Trust has concluded the regulator displayed a “lack of concern” and its failure to take proactive action mean it is unlikely regulat...
Financial planning
The Administrative Appeal Tribunal has upheld the Australian Securities and Investments Commission’s 2015 banning of former Provident Capital director, Michael Roger O’Su...
Financial planning
The Federal Court has ordered RI Advice Group to pay a $6 million penalty for failing to take reasonable steps to ensure that its authorised representative provided appro...
Financial planning
The new Financial Accountability Regime between APRA and ASIC will have clearly defined roles to avoid duplicate reporting to multiple agencies....
Financial planning
Former Radar Iron Limited and Armada Capital director, Ananada Kathiravelu, has been banned from providing financial services for three years following market manipulatio...
Financial planning
Paul Kevin Bennetts has been banned from providing financial services for six years after asking a compliance officer to complete his Australian Institute of Company Dire...
Policy & Regulation
The corporate regulator will be working with regulatory technology entities for its Business Research and Innovation Initiative, dealing with the challenges of corporate ...
Financial planning
While adviser numbers continued to decrease this week, it was at a slower pace than anticipated as many licensees are yet to report their data to the corporate regulator....
Policy & Regulation
The Australian Securities and Investments Commission (ASIC) is consulting with interested parties on updating guidance for the naming conventions of exchange traded produ...
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...