ASIC

Financial planning

The corporate watchdog’s civil penalty proceedings against ANZ mark the final investigation arising from matters considered by the Financial Services Royal Commission....

Superannuation

Part of the Royal Commission final report, former Commonwealth Bank subsidiary Avanteos has pleaded guilty to 18 criminal charges which included charging fees to deceased...

Policy & Regulation

The corporate regulator’s financial advice hub aims to be a single repository to help industry participants more easily find information....

Policy & Regulation

The corporate regulator has found firms in financial markets have continued to show resiliency to cyber threats during the pandemic but a reallocation of resources has le...

Financial planning

With the corporate regulator holding directors personally liable for cyberattacks, Licensees can no longer pass the buck of responsibility for their organisation’s cyber ...

Financial planning

The tribunal noted that the adviser has suffered with loss of employment and was the sole breadwinner as a single mother, and thus should have a reduced penalty....

Financial planning

Advisers giving limited advice will need to explain what advice they cannot provide and the implications to fulfil best interests duty....

Financial planning

Relief from the corporate regulator levy, which could have tripled in three years without action, is the biggest win for the industry this year, according to the Associat...

Financial planning

The Australian Securities and Investments Commission has said it will bring back the use of the enforceable undertakings....

Financial planning

A body to monitor the regulators has begun its first review into the Australian Securities and Investments Commission and expects to provide a report by July 2022....

Funds management

The firm was fined for false and misleading marketing of its $5.15 billion Australian Credit fund over three years....

Financial planning

There will be ‘probably’ four sittings of the financial adviser exam in 2022, according to the corporate regulator....

Superannuation

QSuper will have to communicate clearly with members of Sunsuper, ahead of their merger in February, that they could be liable to pay a fee for fines or penalties incurre...

Outsider

Appearing before the Senate economics committee via video link with all the associated technical difficulties and political grilling must be a nerve-wracking experience, ...

Financial planning

The Stockbrokers and Financial Advisers Association has welcomed the report that led to the corporate regulator putting additional licence conditions on the Australian Se...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

2 weeks ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 3 days ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

5 days 2 hours ago