ASIC
Financial planning
Cases like Mayfair 101 highlight the need for an update of the term ‘wholesale investor’, according to the Australian Securities and Investments Commission, as it carries...
Financial planning
The corporate regulator’s decision to ignore the problem with the term ‘general advice’ will continue to confuse consumers, according to the Financial Planning Associatio...
Financial planning
The proceedings related to the bank's role in executing a $12 billion interest rate swap transaction with AustralianSuper and a group of IFM entities....
Financial planning
Rahul Goel of AR Wealth and Finance in Western Australia has also been charged with three counts of false certification of documents....
Features
Mike Taylor writes that the popularity of self-managed superannuation funds and the failure of the so-called limited licensing regime may make SMSFs the test-bed for prop...
Financial planning
The Australian Securities and Investments Commission has admitted it has discretion over the so-called ASIC levy, and has pointed to Federal budgeting for driving the cur...
People & Products
The Government has appointed Joe Longo as its chair, replacing James Shipton....
Financial planning
The Australian Securities and Investments Commission has changed the financial requirements for some types of Australian financial services licensees by allowing them to ...
Policy & Regulation
The corporate regulator has banned another former authorised representative for misleading clients about MySuper opt-outs....
Financial planning
If the Australian Securities and Investments Commission had been tougher on the major banks and AMP over advice failings, small licensees would not be forced into paying ...
Superannuation
Administration fees are one of the biggest drains on retirement savings and including them in the test will drive fast improvements to the super savings of over a million...
Financial planning
The major financial planning representative groups have met informally to discuss the direction of policy amid the Australia Securities and Investments Commission’s conti...
Financial planning
ASIC has announced that IOOF licensees, Bridges and RI Advice, have entered into a commitment on remedial action around client files....
Policy & Regulation
The corporate regulator says the “spirit of intent” rather than a literal understanding of requirements will be the focus on compliance guidance....
Financial planning
Ahmed Saad has pleaded guilty after operating a scheme to provide illegal early access to super for clients. ...
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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...