ASIC

Financial planning

Are major licensees sitting on fragile balance sheets?

Analysis undertaken by the chief executive of one of Australia’s publicly-listed financial planning licensees is suggesting that a number of financial planning firms are ...

Financial planning

ASIC suspends AFS licence for Qld firm

The Australian Securities and Investments Commission has suspended the Australian financial services licence of Queensland-based financial services provider Investors Exc...

Policy & Regulation

ASIC cancels AFSL and ACL of Mortgage and General Financial Services

Both licences were cancelled because the firm failed to demonstrate it has the competence and resources to provide financial services and credit activities. ...

Editorial

You want to reduce advice costs? Then reduce regulation

If the Government seriously wants to make financial advice more affordable then it needs to conduct a thorough review to strip out the layers of regulation which have dri...

Outsider

A fly on the wall when someone puts a fly in the ointment

There have been times when Outsider just wanted to be a fly on the wall – you know the sorts of occasions – Queensland’s Annastasia Palaszczuk seated next to NSW’s Gladys...

Outsider

A fun game – playing 20 Questions with Bert and ASIC

Outsider is old but well remembers playing that game “20 questions” in which you get to ask 20 questions of someone to determine the right answer....

Financial planning

Is ASIC levying IFAs to pay for the past advice sins of the big banks?

The Association of Financial Advisers has directly questioned whether small advice firms are paying more in ASIC levies to pay for the advice misdeeds of banks and other ...

Funds management

The Australian Securities and Investments Commission has outlined that managing climate-related risk is a key director responsibility and has identified firms which are ‘...

Financial planning

Will the Westpac High Court decision change intra-fund advice?

The Australian Securities and Investments Commission’s view on the status of intra-fund advice suggests there are few implications likely to flow from this week’s High Co...

Financial planning

Review the escalating ASIC levy says FPA

The delivery of financial advice is becoming increasingly expensive and the Government needs to review the ASIC levy in circumstances where it has been rising exponentia...

Financial planning

Extend reference checking to management and boards says FPA

The Financial Planning Association has told the Australian Securities and Investments Commission the same reference checking protocols that apply to financial advisers sh...

Funds management

ASIC points to several actions against fund managers

The Australian Securities and Investments Commission has successfully moved against Mayfair 101 and has pointed to several actions underway targeting fund managers....

Policy & Regulation

Did Shipton get the benefit of the doubt?

The Treasurer, Josh Frydenberg, made his decision on Australian Securities and Investments Commission chairman, James Shipton’s future based on Treasury legal advice on w...

Policy & Regulation

Shipton to depart ASIC

Australian Securities and Investments Commission chair, James Shipton has been cleared of any wrongdoing but has agreed to leave the regulator....