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ASIC
Financial planning
Licensees are responsible for notifying the corporate regulator that their advisers have completed the exam, however finding whether an adviser has passed isn’t easily ac...
Financial planning
In reaching his decision, Justice Lee rejected the submission from the bank that it had acted expeditiously to remedy the effort and found the bank’s delay was particular...
Superannuation
Superannuation funds have been warned to get their houses in order to deal with the new internal dispute resolution regime being overseen by the Australian Securities and...
Policy & Regulation
The chairman of the Australian Securities and Investments Commission has temporarily returned to his role heading up the regulator but only after retaining the services o...
Editorial
Recent legislative efforts in both the financial planning and superannuation spheres point to a Government too ready to leave too much policy detail to the regulators....
Outsider
It has been a long time since Outsider involved himself in thespian pursuits but he does recognise a ‘stage whisper’ when he hears one....
Financial planning
Binary options had resulted in and were likely to result in significant detriment to retail clients, according to the Australian Securities and Investments Commission. ...
Policy & Regulation
The corporate regulator is suing the Commonwealth Bank for misleading conduct over its monthly access fees, which saw $55 million incorrectly charged to customers....
People & Products
The new breach reporting regime which is due to commence on 1 October, 2021, has an expanded significant test and will require licensees to lodge a report within 30 days ...
Financial planning
A Parliamentary Committee has heard questioning around whether regulatory costs are now so high that financial advisers will not take on clients with less than $1 million...
Financial planning
The corporate regulator’s contracts for difference product intervention order now allows maximum leverage available to retail clients to range from 30:1 to a 2:1 dependin...
Financial planning
The cost of the Financial Adviser Standards and Ethics Authority functions may yet add to the ASIC levy paid by financial advisers....
Financial planning
The corporate regulator’s fee disclosure requirements are confusing some advice clients who are questioning advisers on why they are being told the same information eight...
Financial planning
The Australian Securities and Investments Commission’s three legislative instruments regarding fees and independent disclosure aims to minimise regulatory burden for the ...
Superannuation
The Australian Securities and Investments Commission has made clear how it sees the controversial reversal of the evidential burden of proof playing out around the propos...
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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...