ASIC

Policy & Regulation

ASIC uncertain whether KPMG’s Shipton tax advice covered options

The Australian Securities and Investments Commission has clarified that the regulator only paid for tax advice to its stood-aside chairman, James Shipton, but can’t say w...

Financial planning

Women still largely underrepresented among planners

Almost 80% of financial planners, who are registered under the Australian Securities and Investments Commission’s Financial Adviser Register, are men. ...

Superannuation

Industry fund declares clean hands on investment switching

Faced by suggestions of an investigation by the Australian Securities and Investments Commission, industry fund NGS Super has declared clean hands on investment switching...

Superannuation

ASIC investigates super fund trustee and executive COVID-19 investment switching

The Australian Securities and Investments Commission is investigating a range of investment switches undertaken by trustees and executives of major superannuation funds. ...

Financial planning

ASIC claims its tough adviser enforcement builds consumer confidence

Enforcing the law against advisers is all part and parcel of building consumer confidence in the financial planning industry, according to the Australian Securities and I...

Financial planning

ASIC's consumer panel advised on FASEA code submission

A link has been uncovered between the Australian Securities and Investments Commission’s Consumer Advisory Panel and a key submission regarded as highly supportive of the...

Financial planning

Advisers query ASIC role in academics' FASEA submission

A designation of work by two Griffith University academics as “consultancy/commercial research” has raised questions about the status of a 2018 submission to the Financia...

Financial planning

AAT upholds SMSF adviser ban

The corporate regulator’s ban on Perth self-managed super fund adviser Wayne Blazejczyk has been upheld by the Administrative Appeals Tribunal....

Financial planning

Former Macquarie adviser charged

Warren Acworth has been charged with offenses relating to false or misleading statements and fraud after an investigation by the corporate regulator....

Policy & Regulation

Former financial adviser convicted for dishonest conduct

In the first criminal prosecution for offending of this kind, Mark Kawecki has been convicted and fined $30,000 for dishonest conduct relating to artificially satisfying ...

Financial planning

ASIC FASEA submission asked for ethical dilemma examples

The submission, that has not been made live by the authority, matches material obtained by Money Management earlier this year that sought to understand the meaning of “in...

Financial planning

360 Capital wants to take Evans Dixon private

360 Capital has made an overt plea to Evans Dixon shareholders to allow it to over-ride the current board by taking the business private citing complexities including cur...

Financial planning

FASEA finally delivers on accessibility of code submissions

Industry submissions regarded as fundamental to the final shape of the Financial Adviser Standards and Ethics Authority code of ethics have been made visible on the FASEA...

Editorial

ASIC needs to be a regulator, not a revenue centre

The standing aside of Australian Securities and Investments Commission chair, James Shipton, points to fundamental issues with respect to the regulator....

Features

InFocus: Will commercial reality drive consolidation of planning organisations?

The two largest financial planning organisations have increasingly been singing from the same hymn book in delivering their policy messages to Canberra but they are still...